Form 4: Rapid7 Director Marc Evan Brown Reports Changes in Beneficial Ownership

Director Marc Evan Brown reports acquisition of restricted stock units in Rapid7, Inc.

Summary

• On June 13, 2024, Marc Evan Brown, a director of Rapid7, Inc., reported changes in beneficial ownership.
• Brown acquired 5,174 restricted stock units (RSUs) at $0, vesting fully on the earlier of the next annual meeting or the first anniversary of the grant date.
• Additionally, Brown acquired 1,100 RSUs at $0, representing the value of his annual cash compensation elected to be paid in equity.
• These RSUs vest in four quarterly installments, starting September 30, 2024, and fully vesting on the earlier of the next annual meeting or the first anniversary of the grant date.
• Following these transactions, Brown beneficially owns 38,838 shares of Rapid7, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of a director receiving equity compensation. It doesn't inherently indicate positive or negative performance.

Positives

• The director's decision to take compensation in the form of equity may signal confidence in the company's future performance.

Future Outlook

The restricted stock units vest based on continued service and the timing of the next annual meeting, indicating a commitment from the director.

Industry Context

Directors receiving equity compensation is a common practice to align their interests with those of shareholders.

Stakeholder Impact

• The acquisition of equity by a director can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates