Form 4: PROS Holdings Executive Scott William Cook Reports Stock Transactions
SEC Form 4
Scott William Cook, a Senior Vice President and Chief Accounting Officer at PROS Holdings, Inc., reported the vesting of restricted stock units and subsequent tax withholding.
Summary
- On April 10, 2025, Scott William Cook, Sr. VP, Chief Accounting Officer of PROS Holdings, Inc., had 1,264 restricted stock units (RSUs) vest.
- These RSUs converted into common stock at a price of $16.53 per share.
- Concurrently, 498 shares were withheld to cover tax obligations at the same price of $16.53 per share.
- Following these transactions, Cook directly owns 60,293 shares of PROS common stock and 113,478 restricted stock units.
- The reported transactions relate to RSUs granted on January 10, 2022, March 1, 2022, January 12, 2023, January 12, 2024 and January 15, 2025, which vest over time.
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 among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 01/10/2022 | Date of initial RSU award (20,217 RSUs) with vesting schedule. |
| 03/01/2022 | Date of initial RSU award with vesting schedule. |
| 01/12/2023 | Date of initial RSU award with vesting schedule. |
| 01/12/2024 | Date of initial RSU award with vesting schedule. |
| 01/15/2025 | Date of initial RSU award with vesting schedule. |
| 04/10/2025 | Date of RSU vesting and tax withholding. |
| 04/14/2025 | Date of Form 4 filing. |
Keywords
PROS Holdings, Scott William Cook, restricted stock units, RSU, Form 4, insider trading, stock options, executive compensation, common stock
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