Form 4: PagerDuty Director Bonita C. Stewart Reports Acquisition and Disposal of Common Stock

Director Bonita C. Stewart reports acquiring 8,817 Restricted Stock Units and disposing of shares of PagerDuty, Inc. common stock on June 13, 2024.

Summary

• On June 13, 2024, Bonita C. Stewart, a director of PagerDuty, Inc., reported changes in her beneficial ownership of the company's common stock.
• Stewart acquired 8,817 Restricted Stock Units (RSUs) under the Issuer's Non-Employee Director compensation policy.
• Each RSU represents a contingent right to receive one share of PagerDuty common stock and has no expiration date.
• The RSUs will fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders, contingent upon Stewart's continuous service as a director.
• Stewart also disposed of shares, resulting in a total of 34,888 shares beneficially owned following the reported transactions.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service to the company.

Future Outlook

The vesting of the RSUs is contingent upon the director's continued service to the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a company director.

Key Dates