Form 4: PagerDuty CEO Transfers Shares to Grantor Retained Annuity Trusts
SEC Form 4 Filing
Jennifer Tejada, CEO of PagerDuty, transferred shares to grantor retained annuity trusts, according to a recent SEC filing.
Summary
- On October 10, 2024, Jennifer Tejada, the CEO of PagerDuty, transferred 25,000 shares of common stock to the Tejada 2024 Grantor Retained Annuity Trust III and another 25,000 shares to the Tejada 2024 Grantor Retained Annuity Trust IV.
- These transfers were executed as gifts, with no price specified per share.
- Following these transactions, Tejada directly owns 914,773 shares and indirectly owns 25,000 shares through the Tejada 2024 Grantor Retained Annuity Trust III and 25,000 shares through the Tejada 2024 Grantor Retained Annuity Trust IV.
- Tejada also indirectly owns shares through other trusts, including the Langford Island Trust (144,500 shares), the Tejada 2023 Grantor Retained Annuity Trust I (22,610 shares), the Tejada 2023 Grantor Retained Annuity Trust II (22,610 shares), the Tejada 2024 Grantor Retained Annuity Trust I (13,426 shares), and the Tejada 2024 Grantor Retained Annuity Trust II (13,426 shares).
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive share transfers, which is neutral in sentiment.
Industry Context
Executive share transfers are a common practice for estate planning and wealth management. The impact on the company depends on the size and frequency of such transactions, but these types of transactions are not uncommon.
Stakeholder Impact
- The share transfer may have a minor impact on shareholders due to the change in beneficial ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of the share transfer to the Tejada 2024 Grantor Retained Annuity Trust III and IV |
| 10/15/2024 | Date of signature on the SEC Form 4 filing |
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