Form 4: Red Violet Director Lisa Stanton Receives Stock Grants

Lisa Stanton, a director at Red Violet, Inc., received a grant of 6,720 restricted stock units (RSUs) on November 4, 2024, and holds a total of 23,288 shares.

Summary

• On November 4, 2024, Lisa Stanton, a director of Red Violet, Inc., was granted 6,720 restricted stock units (RSUs).
• These RSUs are convertible into common stock on a one-for-one basis.
• The RSUs vest in approximately three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027, subject to accelerated vesting under certain conditions.
• The grant includes 3,760 RSUs for serving on the Board of Directors and 2,960 RSUs for serving on the Audit Committee.
• Stanton also holds 5,000 RSUs from a previous grant on November 30, 2023, which vest in installments on December 1, 2024, December 1, 2025, and December 1, 2026.
• Additionally, she holds 3,335 RSUs from a grant on April 23, 2024, vesting on December 1, 2024, December 1, 2025, and December 1, 2026.
• Finally, she holds 1,666 RSUs from a grant on October 12, 2022, vesting on November 1, 2025.
• Following the reported transaction, Stanton beneficially owns 23,288 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard practice and indicates confidence in the company's future. There are no negative aspects presented in the document.

Positives

• The grant of RSUs to a director aligns her interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Stock grants to directors are a common practice to align their interests with shareholders and incentivize long-term value creation. This is typical compensation for board members in publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a common practice across the industry.
• Companies like TransUnion, Equifax, and Experian also use stock-based compensation for their board members.
• The size of the grant is likely determined by the company's compensation policy and the director's role and responsibilities.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates