Form 4: Pure Storage Director Scott Dietzen Granted Restricted Stock Units

Pure Storage, Inc. Director Scott Dietzen was granted 4,735 shares of Class A Common Stock in the form of Restricted Stock Units, with full vesting scheduled for June 2026.

Summary

• Scott Dietzen, a Director of Pure Storage, Inc. (PSTG), was granted 4,735 shares of Class A Common Stock on June 11, 2025.
• These shares are Restricted Stock Units (RSUs) and will vest 100% on June 11, 2026, contingent on Mr. Dietzen's continuous service with the company.
• The RSU award includes provisions for accelerated vesting in the event of a Change in Control or Corporate Transaction, also subject to continuous service.
• Following this transaction, Mr. Dietzen directly beneficially owns 17,546 shares of Class A Common Stock.
• Additionally, Mr. Dietzen indirectly beneficially owns 645,971 shares through the Scott Dietzen 2022 Revocable Trust, 100,000 shares through the Cather GST Exempt Trust, and 100,000 shares through the Miles GST Exempt Trust.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity grant to a director, which is a positive for aligning interests, but does not contain information that would significantly alter the company's financial outlook or operations.

Positives

• The grant of Restricted Stock Units aligns the director's interests with long-term shareholder value through equity ownership.
• The vesting schedule encourages continuous service from a key director, promoting stability in leadership.

Negatives

• No specific negatives are identified in this routine compensation filing.

Risks

• The vesting of the RSU award is subject to the reporting person's continuous service, meaning the shares may not fully vest if service is terminated prematurely.

Future Outlook

The Restricted Stock Unit award is designed to vest on June 11, 2026, subject to the director's continuous service, aligning future compensation with long-term company performance and retention.

Industry Context

This Form 4 filing reflects a standard equity compensation practice for directors in the technology industry, aiming to align executive and director incentives with shareholder interests over the long term.

Related Party Transactions

• Shares are indirectly held by the Scott Dietzen 2022 Revocable Trust, Cather GST Exempt Trust, and Miles GST Exempt Trust, which are related parties to the reporting person.

Stakeholder Impact

• Shareholders: The grant of RSUs is a form of non-cash compensation that aligns the director's long-term interests with shareholder value, though it represents a minor potential for future dilution upon vesting.
• Director (Scott Dietzen): Receives future equity compensation tied to continued service and company performance.

Next Steps

• The 4,735 Restricted Stock Units are scheduled to vest on June 11, 2026, contingent on Scott Dietzen's continuous service.

Key Dates

Keywords

Pure Storage, PSTG, Scott Dietzen, Form 4, SEC filing, Restricted Stock Units, RSU, beneficial ownership, insider transaction, equity compensation, director compensation