Form 4: PubMatic Executive Amar Goel Receives Stock Options and Restricted Stock Units

Amar K. Goel, Chairman and Chief Innovation Officer of PubMatic, Inc., was granted stock options and restricted stock units on February 18, 2025.

Summary

• On February 18, 2025, Amar K. Goel, Chairman and Chief Innovation Officer at PubMatic, Inc., received 51,923 Restricted Stock Units (RSUs) and stock options for 51,923 shares of Class A Common Stock.
• The RSUs vest as to 1/16th of the total shares on April 1, 2025, and then quarterly thereafter, contingent upon continued service to PubMatic.
• The stock options vest as to 1/48 of the total shares on February 1, 2025, and then monthly thereafter, also contingent upon continued service.
• The exercise price for the stock options is $15.65.
• The options expire on February 17, 2035.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. It's neutral in tone and reflects standard business practice.

Positives

• The vesting schedules for both the RSUs and stock options are tied to continued service, incentivizing long-term commitment from a key executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the granted securities.

Industry Context

This type of equity grant is a common practice in the tech industry to incentivize and retain key executives. The vesting schedules are designed to align the executive's interests with the long-term performance of the company.

Comparison to Industry Standards

• Equity grants to executives are standard practice across the tech industry.
• Companies like Google, Meta, and Amazon use similar compensation packages including RSUs and stock options with vesting schedules tied to continued employment.
• The specific amounts and vesting terms vary based on the company's size, performance, and the executive's role.

Stakeholder Impact

• The equity grants could potentially dilute existing shareholders, but are intended to incentivize management and drive long-term value creation.

Key Dates