Form 4: PagerDuty's Chief Legal Officer, Shelley Webb, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Shelley Webb, Chief Legal Officer of PagerDuty, Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On April 2, 2024, Shelley Webb, the Chief Legal Officer of PagerDuty, Inc., reported changes in beneficial ownership of the company's securities.
- Webb acquired 90,657 restricted stock units (RSUs) under the company's 2019 Employee Incentive Plan, with each RSU representing a contingent right to receive one share of common stock.
- A portion of these shares represent restricted stock units.
- Additionally, 6,342 shares were withheld by PagerDuty to satisfy tax obligations related to the vesting and settlement of RSUs at a price of $21.62.
- Following these transactions, Webb beneficially owns 260,298 shares of PagerDuty common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a key executive.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the reported transactions (acquisition and disposal of securities). |
| 04/04/2024 | Date of signature for the Form 4 filing. |
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