Form 4: PROS Holdings Executive Scott William Cook Reports Stock Transactions
SEC Form 4
Scott William Cook, Sr. VP and Chief Accounting Officer of PROS Holdings, Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2024, Scott William Cook, Sr. VP, Chief Accounting Officer of PROS Holdings, Inc., had 607 restricted stock units (RSUs) vest, each representing the right to receive one share of PROS common stock.
- Following the vesting, 239 shares were withheld to cover tax obligations.
- The price of PROS common stock at the close of market on March 1, 2024, was $35.96.
- After these transactions, Cook directly owns 48,330 shares of PROS common stock and 74,798 unvested RSUs.
- The unvested RSUs were awarded on various dates and vest in installments.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment. It's a neutral event from an investment perspective.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity, which is generally monitored for alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 01/11/2021 | Date of initial RSU award with vesting in annual installments. |
| 01/10/2022 | Date of RSU award with vesting at 25% after 1 year and the remainder vesting quarterly. |
| 03/01/2022 | Date of RSU award with vesting at 25% after 1 year and the remainder vesting quarterly. |
| 01/12/2023 | Date of RSU award with vesting at 25% after 1 year and the remainder vesting quarterly. |
| 01/12/2024 | Date of RSU award with vesting at 25% after 1 year and the remainder vesting quarterly. |
| 03/01/2024 | Date of transaction: Vesting of 607 RSUs and disposal of 239 shares for tax obligations. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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