Form 4: LiveRamp CFO's Stock Withholding for Tax Obligations

LiveRamp Holdings CFO Lauren R. Dillard reported the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

• Lauren R. Dillard, Chief Financial Officer of LiveRamp Holdings, Inc. (RAMP), reported transactions involving the company's common stock.
• On August 22, 2025, a total of 7,420 shares (891 + 1,063 + 2,863 + 2,603) were withheld by the issuer.
• These shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units (RSUs) belonging to Ms. Dillard.
• The shares were valued at $27.91 per share for the purpose of the withholding.
• Following these transactions, Ms. Dillard's direct beneficial ownership of common stock decreased to 291,049 shares.

Sentiment

Score: 5

Explanation: The transaction is a routine administrative event related to executive compensation and tax obligations, not indicative of operational performance or strategic shifts, thus maintaining a neutral sentiment.

Positives

• The vesting of restricted stock units (RSUs) for the Chief Financial Officer indicates the fulfillment of long-term incentive compensation plans, aligning executive interests with shareholder value over time.

Negatives

• A total of 7,420 shares were withheld by the issuer to cover tax obligations, resulting in a reduction of the CFO's direct beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, which is a standard practice across various industries. It does not provide specific insights into broader industry trends or competitive dynamics for LiveRamp Holdings, Inc.

Stakeholder Impact

• Shareholders: The transaction is a routine administrative event related to executive compensation and has a negligible impact on the overall share structure or value.
• Employees: The vesting of restricted stock units demonstrates the company's commitment to its executive compensation plans.

Key Dates

Recommendation

This Form 4 filing details a routine administrative transaction where shares were withheld to cover tax obligations upon the vesting of restricted stock units for the Chief Financial Officer. Such transactions are standard practice for executive compensation and do not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is maintained as this filing does not present new material information to alter an existing investment thesis.

Keywords

LiveRamp, RAMP, SEC Form 4, insider transaction, stock withholding, restricted stock units, CFO, executive compensation