Form 4: LivePerson Director James R. Miller Acquires 80,000 Restricted Stock Units

LivePerson director James R. Miller was granted 80,000 restricted stock units, which will vest on December 16, 2025.

Summary

• James R. Miller, a director at LivePerson Inc., acquired 80,000 restricted stock units (RSUs) on December 16, 2024.
• These RSUs were granted under the company's 2019 Stock Incentive Plan.
• Each RSU represents a contingent right to receive one share of LivePerson common stock.
• The RSUs will fully vest on December 16, 2025.
• Following this transaction, Miller beneficially owns a total of 164,944 shares, including 139,881 unvested RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting equity to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of RSUs to a director aligns their interests with the long-term success of the company.
• The vesting period of one year may encourage the director to remain engaged with the company.

Industry Context

This is a standard practice for public companies to grant equity to directors as part of their compensation package.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to align their interests with shareholders.
• The vesting period of one year is also typical, encouraging long-term commitment from the director.
• Many companies in the technology sector, such as Salesforce and Adobe, use similar equity-based compensation plans for their directors.

Stakeholder Impact

• The grant of RSUs to a director may be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

LivePerson, Restricted Stock Units, RSU, Director, James R. Miller, Stock Incentive Plan, Equity, Beneficial Ownership