Form 4: PagerDuty CEO Jennifer Tejada Reports Stock Transactions

Jennifer Tejada, CEO of PagerDuty, reports the acquisition and disposal of common stock and restricted stock units, including shares withheld for tax obligations.

Summary

• Jennifer Tejada, the CEO of PagerDuty, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On April 2, 2025, she acquired 388,306 restricted stock units under the 2019 Employee Incentive Plan.
• These restricted stock units vest quarterly, with 1/12th of the total shares vesting on each quarterly anniversary, contingent upon continuous service.
• She also disposed of shares to cover tax obligations related to the vesting of restricted stock units and performance stock units.
• Specifically, 7,625 shares, 9,872 shares, 10,412 shares, 18,269 shares, and 55,755 shares were withheld at a price of $18.31 per share to satisfy tax obligations.
• After these transactions, Tejada directly owns 1,484,067 shares of common stock.
• She also indirectly owns shares through various grantor retained annuity trusts.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of restricted stock units aligns the CEO's interests with the company's long-term performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, reduces the CEO's direct holdings.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders and provide transparency into their trading activities.

Key Dates

Keywords

Form 4, Jennifer Tejada, PagerDuty, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Tax Obligations