Form 4: LiveRamp CFO Lauren Dillard Sells Shares to Cover Tax Obligations

LiveRamp's CFO, Lauren Dillard, disposed of 2,160 shares to cover tax obligations arising from vested restricted stock units.

Summary

• On October 14, 2024, LiveRamp Holdings, Inc.'s CFO, Lauren R. Dillard, disposed of 2,160 shares of common stock to cover tax obligations.
• The shares were withheld by the issuer to satisfy the reporting person's tax obligations that arose when restricted stock units vested.
• The transaction was executed at a price of $24.67 per share.
• Following the transaction, Dillard directly owns 245,189 shares of LiveRamp common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be influenced by various factors, including personal financial planning, diversification, and tax obligations. It is important to consider the context of the transaction, such as the executive's overall holdings and the company's performance, when interpreting the significance of the transaction.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time.
• Upon vesting, these RSUs are subject to income tax, and executives may sell a portion of their shares to cover these tax liabilities.
• This practice is common among executives at publicly traded companies like LiveRamp, and is similar to practices at companies such as Trade Desk and PubMatic.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares to cover tax obligations.

Key Dates