Form 4: Rapid7 Executive Christina Luconi Reports Stock Transactions
SEC Form 4
Christina Luconi, Chief People Officer at Rapid7, reports acquisition of shares through performance-based restricted stock units and disposition of shares to cover tax obligations.
Summary
- Christina Luconi, Chief People Officer of Rapid7, filed a Form 4 detailing changes in beneficial ownership.
- On February 15, 2025, Luconi acquired 10,707 shares of Rapid7 common stock through the vesting of performance-based restricted stock units (PSUs) at $0.
- Also on February 15, 2025, 3,545 shares were disposed of at $35.55 to cover tax withholding obligations related to vesting of restricted stock units and PSUs.
- Following these transactions, Luconi directly owns 92,204 shares of Rapid7 common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine stock transactions by an executive. The acquisition of shares through PSUs is a slightly positive indicator.
Positives
- The acquisition of shares through PSUs indicates that Rapid7 met certain performance criteria, which is a positive signal.
Future Outlook
The earned PSUs will vest in equal installments on each of February 15, 2025, February 15, 2026 and February 15, 2027, subject to the Reporting Person's continued service with the Issuer.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 2, 2021 | Date of restricted stock units and PSUs granted to the Reporting Person. |
| February 15, 2022 | Date of restricted stock units and PSUs granted to the Reporting Person. |
| February 15, 2023 | Date of restricted stock units and PSUs granted to the Reporting Person. |
| February 15, 2024 | Date of restricted stock units and PSUs granted to the Reporting Person. |
| February 15, 2025 | Date of transaction: Acquisition of shares through PSUs and disposition for tax obligations; Certification of performance conditions achieved by the Compensation Committee; Vesting date of earned PSUs. |
| February 15, 2026 | Vesting date of earned PSUs. |
| February 15, 2027 | Vesting date of earned PSUs. |
| February 19, 2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Rapid7, Beneficial Ownership, Stock Transaction, PSU, Christina Luconi, RPD
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