Form 4: LiveRamp CFO Lauren Dillard Reports Significant Stock Transactions Following Equity Vesting

LiveRamp Holdings, Inc.'s Chief Financial Officer, Lauren R. Dillard, reported the acquisition of 13,064 shares from performance stock unit vesting and subsequent sale of 21,094 shares to cover tax obligations, resulting in a net beneficial ownership of 290,739 shares.

Summary

• Lauren R. Dillard, Chief Financial Officer of LiveRamp Holdings, Inc. (RAMP), reported changes in her beneficial ownership of common stock.
• On May 22, 2025, Ms. Dillard acquired 13,064 shares of common stock at a price of $0, stemming from the vesting of Performance Stock Units (PSUs) granted in 2022 under the 2005 Equity Compensation Plan.
• Concurrently, Ms. Dillard disposed of a total of 21,094 shares of common stock at a price of $33.5 per share. These disposals were executed by the Issuer to satisfy tax obligations arising from the vesting of both PSUs (5,349 shares) and Restricted Stock Units (RSUs) (15,745 shares).
• Following these transactions, Ms. Dillard's direct beneficial ownership of LiveRamp common stock stands at 290,739 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs is a positive sign of performance achievement, but the filing itself is a routine disclosure of insider stock transactions, not a strategic announcement.

Positives

• The acquisition of 13,064 shares indicates successful vesting of Performance Stock Units (PSUs), suggesting the achievement of performance targets set in 2022.
• The vesting of PSUs and RSUs demonstrates the company's commitment to performance-based compensation and aligns management's interests with shareholder value.

Negatives

• A significant number of shares (21,094) were sold to cover tax obligations, which is a common practice but represents a reduction in the insider's direct holdings.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance or outlook. It strictly reports past insider transactions.

Industry Context

This filing is specific to an insider's equity transactions and does not provide broader industry context or trends. It reflects standard compensation practices within the technology or data connectivity sector, where equity awards like PSUs and RSUs are common for executive compensation.

Comparison to Industry Standards

• The transactions reported are standard for executive compensation and tax withholding upon equity vesting.
• The use of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) aligns with common executive incentive structures seen in comparable technology companies.

Stakeholder Impact

• Shareholders: The report indicates that the CFO's interests remain aligned with shareholders through significant equity holdings, although a portion was sold for tax purposes. The vesting of PSUs suggests performance targets were met, which could be viewed positively.
• Employees: The equity compensation structure (PSUs, RSUs) is a common incentive for employees, reflecting standard practices within the company.

Key Dates

Keywords

LiveRamp Holdings Inc, RAMP, SEC Form 4, Insider Trading, Stock Ownership, Performance Stock Units, Restricted Stock Units, Equity Compensation, CFO, Lauren R. Dillard