Form 4: PROS Holdings CEO Andres Reiner Executes Stock Options and Disposes of Shares
SEC Form 4
Andres Reiner, President and CEO of PROS Holdings, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On April 10, 2024, Andres Reiner, the President and CEO of PROS Holdings, Inc., exercised stock options to acquire 5,346 shares of common stock at a price of $36.24 per share.
- Following the exercise of these options, Reiner disposed of 2,104 shares of common stock, also at $36.24 per share.
- These transactions resulted in Reiner holding 986,934 shares of PROS common stock.
- The exercised options were part of a restricted stock unit (RSU) award granted on January 10, 2022, in the amount of 85,536 RSUs.
- Reiner also holds unvested RSUs from grants made in January 2021, January 2022, January 2023 and January 2024, which vest in quarterly installments.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock option exercises and share disposals, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership trends.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| January 11, 2021 | Date of RSU award that vests in four equal annual installments which began Jan 11, 2022, with a final lapse date of Jan 11, 2025 |
| January 10, 2022 | Date of RSU award of 85,536 RSUs |
| January 11, 2022 | First vesting date of RSU award granted on Jan 11, 2021 |
| January 12, 2023 | Date of RSU award that will vest at 25% after one year on the anniversary date, and the remainder will vest at the rate of 6.25% on the 12th day of the first month of each quarter thereafter |
| January 12, 2024 | Date of RSU award that will vest at 25% after one year on the anniversary date, and the remainder vest at the rate of 6.25% on the 12th day of the first month of each quarter thereafter |
| April 10, 2024 | Date of transaction: exercise of stock options and disposal of shares |
| April 11, 2024 | Date of signature on the Form 4 |
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