Form 4: PagerDuty CEO Jennifer Tejada Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jennifer Tejada, CEO of PagerDuty, reports the acquisition and disposal of common stock and restricted stock units, resulting in adjustments to her beneficial ownership.
Summary
- On April 2, 2024, Jennifer Tejada, the CEO of PagerDuty, reported changes in her beneficial ownership of the company's stock.
- She acquired 431,704 restricted stock units under the 2019 Employee Incentive Plan, which vest quarterly.
- Tejada also disposed of 39,111 shares and 2,622 shares to cover tax obligations related to the vesting of restricted stock units and performance stock units, respectively.
- After these transactions, her directly held shares amount to 1,069,665, and she indirectly holds 144,500 shares through the Langford Island Trust and other grantor retained annuity trusts.
- The price per share for the tax obligation disposals was $21.62.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Positives
- The acquisition of 431,704 restricted stock units indicates continued alignment of the CEO's interests with the company's performance.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency into their transactions, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- Shareholders can monitor insider transactions to gauge management's confidence in the company.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the reported transactions (acquisition and disposal of shares). |
| 04/04/2024 | Date of signature by Attorney-in-Fact for Jennifer Tejada. |
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