4/A: PubMatic Director Shelagh Glaser Corrects Stock Unit Grant in Amended SEC Filing

Shelagh Glaser, a director at PubMatic, Inc., filed an amended SEC Form 4 to correct the number of restricted stock units (RSUs) granted on May 31, 2024.

Summary

• Shelagh Glaser, a director at PubMatic, Inc., filed an amended SEC Form 4 on September 19, 2024, to correct a previous filing from June 4, 2024.
• The amendment concerns the number of restricted stock units (RSUs) granted to Glaser on May 31, 2024, under PubMatic's non-employee director compensation program.
• The corrected filing shows that Glaser was granted 8,447 RSUs, which convert to Class A Common Stock upon settlement.
• These RSUs vest on the earliest of the first anniversary of the grant date, the 2025 annual meeting, death/disability, or a change in control.
• Glaser has deferred settlement until the earliest of the third anniversary of the grant date, death/disability, a change in control, or separation of service.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always viewed favorably.

Positives

• The correction ensures accurate reporting of director compensation.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation, common in publicly traded companies. It provides transparency to investors regarding the equity-based compensation of the company's directors.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the technology industry.
• Companies like Google (Alphabet Inc.) and Meta Platforms Inc. also grant stock options and restricted stock units to their directors as part of their compensation packages.
• The vesting schedules and deferral options for RSUs are generally in line with industry standards, designed to align the interests of directors with the long-term performance of the company.

Stakeholder Impact

• The correction ensures that shareholders have accurate information regarding director compensation.
• This promotes transparency and trust in the company's governance practices.

Key Dates