Form 4: PROS Holdings Executive Scott William Cook Reports Stock Transactions
SEC Form 4 Filing
Scott William Cook, a Senior Vice President and Chief Accounting Officer at PROS Holdings, Inc., reported the vesting of restricted stock units and subsequent disposal of shares to cover taxes.
Summary
- Scott William Cook, a Senior Vice President and Chief Accounting Officer at PROS Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On December 1, 2024, 607 restricted stock units (RSUs) vested, converting into 607 shares of common stock.
- Following the vesting, 239 shares were disposed of to cover tax obligations at a price of $23.76 per share.
- After these transactions, Cook directly owns 55,942 shares of PROS common stock.
- The vesting was the 8th tranche of an RSU grant from March 1, 2022, which originally totaled 9,718 units.
- Cook also holds a total of 62,243 unvested RSUs from various grants with different vesting schedules.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive stock transactions, and does not contain any information that would be considered positive or negative from an investment perspective.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. It reflects the standard practice of granting stock-based compensation to executives and the subsequent tax-related transactions.
Comparison to Industry Standards
- The vesting and tax-related sale of restricted stock units is a common practice among publicly traded companies as part of executive compensation packages.
- Many companies use similar vesting schedules for RSUs, often with a combination of time-based and performance-based criteria.
- The use of a portion of vested shares to cover tax obligations is a standard procedure to simplify the process for employees.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Date of the original RSU grant of 9,718 units, of which 607 vested on 2024-12-01. |
| 2024-12-01 | Date of the reported transactions, including the vesting of 607 RSUs and the disposal of 239 shares. |
| 2024-12-02 | The price of PROS common stock at the close of market on this day was used to calculate the value of the transactions. |
| 2024-12-03 | Date the Form 4 was signed by Chris Chaffin, attorney-in-fact for Scott William Cook. |
Keywords
Form 4, PROS Holdings, Scott William Cook, Restricted Stock Units, RSU, Stock Transactions, Beneficial Ownership, Insider Trading
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