Form 4: NV5 Global Director William Pruitt Acquires 1,500 Restricted Stock Units

Director William Pruitt acquired 1,500 restricted stock units in NV5 Global, Inc. on October 8, 2024.

Summary

• William D. Pruitt, a director of NV5 Global, Inc., acquired 1,500 restricted stock units on October 8, 2024.
• The restricted stock units vest in full immediately preceding the Issuer's next annual stockholder meeting.
• Vested shares will be delivered to Pruitt on the earlier of his separation from service, immediately prior to a Change of Control, or October 8, 2027.
• Pruitt also indirectly owns shares through the Ileana O Pruitt Living Trust (500 shares), The William D. Pruitt Jr. Living Trust (141 shares), and Pruitt Enterprises LP (12,500 shares).

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a transaction. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The restricted stock units vest in full as of the day immediately preceding the Issuer's next annual stockholder meeting and will be delivered to the Reporting Person on the earlier of (i) Reporting Person's separation from service, (ii) immediately prior to consummation of a Change of Control or (iii) October 8, 2027.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.

Key Dates