Form 4: Pagaya Technologies Executive Tami Rosen Reports Acquisition of 125,000 Restricted Stock Units

Tami Rosen, Chief Development Officer of Pagaya Technologies, reports the acquisition of 125,000 Restricted Stock Units as part of the company's annual equity incentive compensation.

Summary

• Tami Rosen, Chief Development Officer of Pagaya Technologies Ltd., filed a Form 4 on March 13, 2025, reporting a transaction.
• On March 12, 2025, Rosen was granted 125,000 Restricted Stock Units (RSUs) as part of the company-wide annual grant of equity incentive compensation.
• The RSUs will vest quarterly over two years, with the first vesting date on June 12, 2025.
• Following the reported transaction, Rosen directly owns 125,000 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing regarding executive compensation. It is neutral in tone and reflects standard corporate governance practices. The grant of RSUs can be seen as a positive sign of the company's commitment to its executives.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's financial performance or future prospects, focusing instead on the reporting of an equity grant to an executive.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the technology industry to incentivize and retain key personnel. The use of RSUs is a standard practice.

Comparison to Industry Standards

• Granting RSUs that vest over a two-year period is a common practice among publicly traded technology companies.
• Companies like Affirm, Upstart, and LendingClub also use equity compensation to attract and retain talent.
• The size of the grant should be compared to similar roles at comparable companies to assess its competitiveness.

Stakeholder Impact

• Shareholders may view the equity grant as a way to align management's interests with long-term company performance.
• Employees may see the grant as a positive sign of the company's commitment to its employees.

Key Dates