Form 4: LiveRamp Executive Jerry C. Jones Reports Stock Transactions
SEC Form 4 Filing
Jerry C. Jones, Chief Ethics & Legal Officer of LiveRamp Holdings, reports acquisition and disposal of company stock due to PSU vesting and tax obligations.
Summary
- On May 15, 2024, Jerry C. Jones, Chief Ethics & Legal Officer of LiveRamp Holdings, Inc., reported transactions involving LiveRamp's common stock.
- Jones acquired 2,583 shares related to performance stock units (PSUs) granted in 2021.
- 738 shares were disposed of to cover tax obligations arising from the PSU vesting at a price of $32.91 per share.
- Additionally, 21,531 restricted stock units (RSUs) were granted, vesting over three years starting May 22, 2025.
- Following these transactions, Jones directly owns 203,464 shares and indirectly owns 5,396.8796 shares through one managed account and 3,494.7296 shares through another managed account.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are routine and related to standard equity compensation practices. There are no indications of unusual or concerning activity.
Positives
- The vesting of PSUs indicates that performance targets were met, which is a positive signal.
Negatives
- The disposal of shares to cover tax obligations, while normal, slightly reduces the executive's holdings.
Risks
- Future vesting schedules and tax implications could lead to further stock disposals.
Future Outlook
The executive's holdings will be subject to future vesting schedules and potential tax implications, which may lead to further transactions.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investor confidence.
Comparison to Industry Standards
- Similar transactions are common among executives in publicly traded companies, especially concerning equity compensation plans.
- Companies like Oracle, Salesforce, and Adobe also utilize equity compensation, and their executives regularly report similar transactions via Form 4 filings.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Next Steps
- Continued monitoring of insider transactions for further insights into executive sentiment and potential company performance.
Key Dates
| Date | Description |
|---|---|
| 2021 | Performance stock units (PSU) granted to the reporting person. |
| 05/15/2024 | Date of stock transactions: PSU vesting and tax-related disposal. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
| 05/22/2025 | First vesting date for 1/3 of the granted restricted stock units (RSUs). |
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