Form 4: PROS Holdings Executive Scott William Cook Reports Stock Transactions
SEC Form 4 Filing
Scott William Cook, Sr. VP and Chief Accounting Officer of PROS Holdings, Inc., reports the vesting and subsequent withholding of shares to cover taxes related to restricted stock units.
Summary
- On June 1, 2024, Scott William Cook, Sr. VP and Chief Accounting Officer of PROS Holdings, Inc., had 607 restricted stock units (RSUs) vest.
- Following the vesting, 239 shares were withheld to cover tax obligations.
- The price of PROS common stock at the close of market on June 3, 2024, was $29.15.
- After these transactions, Cook directly owns 50,867 shares of PROS common stock and 70,614 restricted stock units.
- The reported transactions were filed on June 4, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
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.
Comparison to Industry Standards
- Form 4 filings are standard practice across all publicly traded companies in the United States, ensuring transparency of insider transactions.
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
- Companies like Salesforce, Oracle, and SAP also have similar insider transaction disclosures.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation and does not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2021/01/11 | Date of RSU award that vests in 4 equal annual installments beginning 1/11/22, and a final lapse date of 1/11/25 |
| 2022/01/10 | Date of RSU award that vests at 25% after 1-year on the anniversary date and the remainder vesting at 6.25% on the 10th day of the 1st month of each quarter thereafter |
| 2022/03/01 | Date of RSU award that vests at 25% after 1-year on the anniversary date and the remainder vesting at 6.25% after the completion of each 3-month calendar period thereafter |
| 2023/01/12 | Date of RSU award that vests at 25% after 1-year on the anniversary date and the remainder vesting at the rate of 6.25%on the 12th day of the 1st month of each quarter thereafter |
| 2024/01/12 | Date of RSU award that vests at 25% after 1-year on the anniversary date and the remainder vesting at the rate of 6.25% on the 12th day of the 1st month of each quarter thereafter |
| 2024/06/01 | Date of transaction: vesting of restricted stock units and withholding of shares for taxes. |
| 2024/06/03 | Price of PROS common stock at close of market. |
| 2024/06/04 | Date of Form 4 filing. |
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