Form 4: Pagaya Technologies Director Alison Davis Receives Initial Equity Grant

Director Alison Davis received an initial equity grant of 18,750 restricted stock units in Pagaya Technologies.

Summary

• Alison Davis, a director at Pagaya Technologies, received an initial equity grant of 18,750 restricted stock units.
• Each restricted stock unit (RSU) represents the right to receive one Class A Ordinary Share of the company.
• The RSUs vest pro rata on April 1, July 1, and October 1 of 2025.
• This grant is part of the non-employee director compensation plan approved by shareholders and detailed in the company's 10-K filing on April 25, 2024.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating a positive alignment of interests between the director and the company. There is no indication of any negative issues.

Positives

• The equity grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The vesting schedule of the restricted stock units indicates a long-term alignment of the director's interests with the company's performance.

Industry Context

Equity grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Comparison to Industry Standards

• Equity grants to non-employee directors are a standard practice across the industry.
• The vesting schedule of the RSUs is typical for director compensation packages, often vesting over a period of one to three years.
• The size of the grant is likely benchmarked against peer companies of similar size and stage of development.

Stakeholder Impact

• The equity grant aligns the director's interests with those of the shareholders, potentially leading to better governance and decision-making.
• The vesting schedule encourages long-term commitment from the director, which can benefit the company and its stakeholders.

Key Dates

Keywords

equity grant, restricted stock units, director compensation, insider transaction, Pagaya Technologies, PGY, Alison Davis