Form 4: PagerDuty CFO Howard Wilson Sells Shares to Cover Tax Obligations

PagerDuty's Chief Financial Officer, Howard Wilson, sold 13,348 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Howard Wilson, the Chief Financial Officer of PagerDuty, Inc., sold 13,348 shares of common stock on January 2, 2025.
• The sale was executed at a price of $18 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Wilson directly owns 603,326 shares of PagerDuty common stock.
• Additionally, he indirectly owns 50 shares through his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms.
• The number of shares sold and the price are specific to PagerDuty and its executive compensation structure.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

PagerDuty, Howard Wilson, CFO, stock sale, tax obligations, restricted stock units, insider trading, Form 4