Form 4: PagerDuty CAO Sells Shares for Tax Obligation
Insider Transaction Report
PagerDuty's Chief Accounting Officer, Paul D. Underwood, disposed of 2,165 shares of common stock to cover tax obligations related to restricted stock unit vesting.
Summary
- Paul D. Underwood, Chief Accounting Officer of PagerDuty, Inc. (PD), reported a transaction on January 2, 2026.
- Underwood disposed of 2,165 shares of PagerDuty Common Stock at a price of $12.39 per share.
- This disposition was a non-discretionary transaction (Code F), representing shares automatically withheld by the Issuer to satisfy a tax obligation upon the vesting and settlement of restricted stock units.
- Following this transaction, Underwood beneficially owns 80,036 shares of PagerDuty, Inc. common stock, a portion of which are restricted stock units.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax obligations upon the vesting of restricted stock units, which is a common and expected event for executive compensation and does not imply a change in company fundamentals or insider sentiment.
Future Outlook
NA
Industry Context
This filing reports a routine insider transaction, which is not directly indicative of broader industry trends or competitive dynamics. Such tax-related dispositions are common for executives receiving equity compensation.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction by an executive to satisfy tax obligations, and does not signal a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 01/02/2026 | Date of transaction where shares were disposed of. |
| 01/06/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 reports a routine disposition of shares by an insider to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically indicate a change in the company's fundamentals or the insider's long-term view of the stock. Therefore, it does not warrant a change in investment recommendation.
Keywords
PagerDuty, PD, Form 4, insider transaction, stock sale, tax withholding, Paul Underwood, Chief Accounting Officer, restricted stock units, executive compensation
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