Form 4: PagerDuty Director Donald J. Carty Acquires Restricted Stock Units

Donald J. Carty, a director of PagerDuty, Inc., acquired 28,662 restricted stock units on April 28, 2025, under the company's non-employee director compensation policy.

Summary

• On April 28, 2025, Donald J. Carty, a director of PagerDuty, Inc., acquired 28,662 restricted stock units.
• The acquisition was made pursuant to the Issuer's Non-Employee Director compensation policy.
• Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date.
• The shares underlying the restricted stock unit award shall vest in three equal annual installments on the anniversary of the grant date, subject to continuous service to the Issuer on such date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard compensation practice that aligns director interests with shareholders. There are no indications of negative news or concerns.

Positives

• The acquisition of restricted stock units by a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service to the company.

Future Outlook

The restricted stock units will vest in three equal annual installments on the anniversary of the grant date, subject to continuous service to the Issuer on such date.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the long-term success of the company.

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a common practice among publicly traded companies to incentivize and align their interests with shareholders.
• The vesting schedule of three years is also a typical arrangement to ensure continued commitment and contribution from the director.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

PagerDuty, Director, Donald J. Carty, Restricted Stock Units, PD, Compensation, Form 4, SEC Filing