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 and subsequent disposal of shares to cover tax obligations related to restricted stock units.
Summary
- On April 14, 2025, Scott William Cook, Sr. VP and Chief Accounting Officer of PROS Holdings, Inc., engaged in transactions involving common stock and restricted stock units (RSUs).
- Cook acquired 2,315 shares and 1,776 shares of common stock through the vesting of RSUs at a price of $16.20.
- Simultaneously, Cook disposed of 911 shares and 699 shares of common stock to satisfy tax withholding obligations related to the RSU vesting, also at a price of $16.20.
- Following these transactions, Cook directly owns 62,774 shares of PROS common stock and 109,387 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a common practice for executives to sell shares acquired through equity compensation to cover tax liabilities.
Comparison to Industry Standards
- Equity compensation is a standard practice across the software industry, with companies like Salesforce, Oracle, and SAP using RSUs and stock options to incentivize and retain key employees.
- The vesting schedules and tax implications described in the filing are typical for RSU grants.
- The percentage of shares sold to cover taxes is also within the normal range observed in similar transactions by executives at comparable companies.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent a small percentage of the total outstanding shares.
- Employees holding RSUs may find the information useful for understanding the tax implications of their own equity compensation.
Key Dates
| Date | Description |
|---|---|
| 01/10/2022 | Date of an RSU award that vests at 25% after 1 year and the remainder vesting at 6.25% on the 10th day of the 1st month of each quarter thereafter. |
| 03/01/2022 | Date of an RSU award that vests at 25% after 1 year and the remainder vesting at 6.25% after the completion of each 3-month calendar period thereafter. |
| 01/12/2023 | Date of an RSU award in the amount of 37,037 RSUs that vests at 25% after 1 year and the remainder vesting at the rate of 6.25% on the 12th day of the 1st month of each quarter thereafter. |
| 01/12/2024 | Date of an RSU award in the amount of 28,425 RSUs that vests at 25% after 1 year and the remainder vesting at the rate of 6.25% on the 12th day of the 1st month of each quarter thereafter. |
| 01/15/2025 | Date of an RSU award that vests at 25% after 1 year and the remainder vesting at the rate of 6.25% on the 15th day of the 1st month of each quarter thereafter. |
| 04/14/2025 | Date of the reported transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 04/15/2025 | Date of the signature on the Form 4 filing. |
Keywords
PROS Holdings, Scott William Cook, Form 4, Insider Trading, Restricted Stock Units, RSU, Stock Options, Equity Compensation, Beneficial Ownership, SEC Filing
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