Form 4: PagerDuty CEO Jennifer Tejada Reports Routine Tax-Related Stock Dispositions
Insider Transaction Report
PagerDuty CEO and Director Jennifer Tejada filed a Form 4 disclosing the disposition of common stock to cover tax obligations related to the vesting of restricted and performance stock units.
Summary
- Jennifer Tejada, Chief Executive Officer and Director of PagerDuty, Inc. (PD), reported transactions on July 2, 2025.
- The transactions involved the disposition of PagerDuty common stock to satisfy tax obligations arising from the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs).
- A total of 68,925 shares of common stock were disposed of at a price of $15.72 per share.
- Following these transactions, Jennifer Tejada directly beneficially owns 1,415,142 shares of PagerDuty common stock.
- Additionally, Jennifer Tejada indirectly beneficially owns shares through various trusts, including 25,000 shares via the Tejada 2024 Grantor Retained Annuity Trust III, 22,610 shares via the Tejada 2023 Grantor Retained Annuity Trust I, 13,426 shares via the Tejada 2024 Grantor Retained Annuity Trust II, 25,000 shares via the Tejada 2024 Grantor Retained Annuity Trust IV, 22,610 shares via the Tejada 2023 Grantor Retained Annuity Trust II, 144,500 shares via the Langford Island Trust, and 13,426 shares via the Tejada 2024 Grantor Retained Annuity Trust I.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes, which is neither positive nor negative for the company's operational performance or outlook.
Positives
- The disposition of shares is a result of the vesting of restricted stock units and performance stock units, indicating that equity compensation awards to the CEO have matured and become exercisable.
Negatives
- No inherently negative information is presented; the reported transactions are routine tax-related dispositions of shares.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape.
Related Party Transactions
- Jennifer Tejada's indirect beneficial ownership through various grantor retained annuity trusts and the Langford Island Trust represents holdings by a related party.
Stakeholder Impact
- Shareholders: The transaction is a routine tax-related disposition and does not indicate a change in the company's fundamentals or strategic direction.
- Employees: The vesting of equity awards is a standard component of executive compensation, aligning management interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 07/02/2025 | Date of earliest transaction (disposition of common stock to satisfy tax obligations). |
| 07/07/2025 | Date the Form 4 was signed by the Attorney-in-Fact for Jennifer Tejada. |
Recommendation
holdKeywords
PagerDuty, PD, Jennifer Tejada, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Performance Stock Units, Tax Withholding, CEO, Director
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