RDVT.NASDAQRed Violet, INC

Form 4: Red Violet CEO Derek Dubner Reports Stock Transactions

Sentiment:

SEC Form 4

📋All filings for Red Violet, INC
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CEO Derek Dubner reports vesting of restricted stock units and subsequent tax-related disposition of shares.

Summary

  • On November 1, 2024, Derek Dubner, CEO of Red Violet, Inc., had 13,333 restricted stock units (RSUs) vest.
  • Dubner also disposed of 6,667 shares to cover tax obligations related to the vesting of these RSUs at a price of $30.08 per share.
  • Following these transactions, Dubner directly owns 575,546 shares of Red Violet, Inc.
  • On November 4, 2024, Dubner received a grant of 31,500 RSUs which vest in three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027.
  • After the grant, Dubner beneficially owns 607,046 shares.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices. The sentiment is neutral as it reports routine transactions.

Positives

  • The vesting of RSUs and subsequent grant indicate continued alignment of the CEO's interests with the company's performance.

Negatives

  • The disposition of shares to cover tax obligations, while standard, slightly reduces the CEO's direct holdings.

Risks

  • Future vesting schedules and tax implications could lead to further share dispositions by the CEO.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through the use of RSUs.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect standard executive compensation and ownership changes.

Key Dates

DateDescription
October 12, 2022Original grant of 13,333 RSUs approved by the Company's Compensation Committee.
November 30, 2023Original grant of 40,000 RSUs.
November 1, 2024Second vesting of 13,333 RSUs and disposition of 6,667 shares for tax obligations.
November 4, 2024Grant of 31,500 RSUs.
November 1, 2025First vesting installment of the 31,500 RSUs granted on November 4, 2024.
December 1, 2024First vesting installment of the 40,000 RSUs granted on November 30, 2023.
November 1, 2026Second vesting installment of the 31,500 RSUs granted on November 4, 2024.
December 1, 2025Second vesting installment of the 40,000 RSUs granted on November 30, 2023.
November 1, 2027Third vesting installment of the 31,500 RSUs granted on November 4, 2024.
December 1, 2026Third vesting installment of the 40,000 RSUs granted on November 30, 2023.
November 5, 2024Date of the report.

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