Form 4: Red Violet Director Lisa Stanton Receives Stock Grant Upon Audit Committee Appointment
SEC Form 4
Lisa Stanton, a director at Red Violet, Inc., received 860 restricted stock units (RSUs) following her appointment as Chair of the Company's Audit Committee.
Summary
- On March 4, 2025, Lisa Stanton, a director of Red Violet, Inc., was granted 860 restricted stock units (RSUs) as a result of being appointed as Chair of the Company's Audit Committee.
- These RSUs are convertible into common stock on a one-for-one basis.
- The RSUs vest in installments: 216 shares on November 1, 2025, and 322 shares on each of November 1, 2026, and 2027, subject to accelerated vesting under certain conditions.
- Following the transaction, Stanton beneficially owns 25,815 shares of common stock, which includes previously granted RSUs that vest at various dates.
Sentiment
Score: 7
Explanation: The document reflects a standard corporate governance practice of granting stock to directors, which is generally viewed neutrally to positively. The appointment of a director to a key committee role is also a positive signal.
Positives
- The grant of RSUs to Lisa Stanton aligns her interests with those of the shareholders.
- Stanton's appointment as Chair of the Audit Committee suggests a commitment to strong corporate governance.
Industry Context
This type of stock grant is a common practice for compensating directors, especially upon taking on additional responsibilities such as chairing a committee.
Comparison to Industry Standards
- Stock grants to directors are a standard practice across publicly traded companies.
- The size of the grant is likely determined by factors such as company size, director responsibilities, and industry benchmarks.
- Comparable companies in the technology or data analytics space often use similar equity-based compensation to attract and retain qualified board members.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chair of the Company's Audit Committee | Unknown | Lisa Stanton | 03/04/2025 | Appointment |
Stakeholder Impact
- Shareholders may view the RSU grant positively as it aligns the director's interests with the company's performance.
- Employees may see the appointment of a new Audit Committee Chair as a sign of good governance.
Key Dates
| Date | Description |
|---|---|
| 10/12/2022 | 1,666 RSUs originally granted, vesting on November 1, 2025. |
| 11/30/2023 | 3,333 RSUs originally granted, vesting in two equal installments on December 1, 2025, and December 1, 2026. |
| 04/23/2024 | 2,666 RSUs originally granted, vesting in two equal installments on December 1, 2025, and 2026. |
| 11/04/2024 | 6,720 RSUs originally granted, vesting in three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027. |
| 03/04/2025 | Lisa Stanton appointed as Chair of the Audit Committee and granted 860 RSUs, vesting in installments on November 1, 2025, November 1, 2026, and November 1, 2027. |
| 03/05/2025 | Date of the Form 4 filing. |
| 11/01/2025 | Vesting date for multiple RSU grants. |
| 12/01/2025 | Vesting date for multiple RSU grants. |
| 11/01/2026 | Vesting date for multiple RSU grants. |
| 12/01/2026 | Vesting date for multiple RSU grants. |
| 11/01/2027 | Vesting date for multiple RSU grants. |
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