Form 4: PROS Holdings EVP and CFO Stefan Schulz Reports Stock Transactions
SEC Form 4
Stefan Schulz, EVP and CFO of PROS Holdings, reports the vesting and subsequent sale of shares acquired through restricted stock units.
Summary
- On April 10, 2024, Stefan Schulz, the EVP and CFO of PROS Holdings, Inc., engaged in transactions involving the company's common stock.
- Schulz acquired 2,916 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $36.24 per share.
- Concurrently, Schulz disposed of 1,330 shares to cover tax obligations associated with the RSU vesting, also at $36.24 per share.
- Following these transactions, Schulz directly owns 261,809 shares of PROS Holdings common stock and 153,503 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 01/11/2021 | Date of RSU award that vests in four equal annual installments beginning January 11, 2022, with a final lapse date of January 11, 2025. |
| 01/10/2022 | Date of RSU award that vests at 25% after one year on the anniversary date and the remainder will vest at the rate of 6.25% on the 10th day of the first month of each quarter thereafter. |
| 01/10/2022 | Date of the initial grant of 46,656 RSUs, of which the reported transaction is the 6th tranche. |
| 01/12/2023 | Date of RSU award that vests 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. |
| 04/10/2024 | Date of the reported stock transactions: RSU vesting and share disposal for tax obligations. |
| 04/11/2024 | Date of signature on the Form 4 filing. |
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