Form 4: Repay Holdings Corp Director Maryann Goebel Reports Stock Grant

Director Maryann Goebel received a grant of 17,525 restricted stock units from Repay Holdings Corp on May 30, 2024.

Summary

• On May 30, 2024, Maryann Goebel, a director of Repay Holdings Corp, was granted 17,525 shares of Class A Common Stock.
• These shares are in the form of restricted stock units (RSUs).
• The RSUs vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders that is at least 50 weeks after the grant date.
• The shares will be issued to Goebel after she ceases to be a director of the Issuer, according to the award agreement.
• Following this transaction, Goebel beneficially owns 80,856 shares of Repay Holdings Corp.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The grant itself is a positive signal, but the overall impact is moderate.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The vesting of the restricted stock units is contingent upon future events, specifically the director's continued service and the timing of the annual stockholder meeting.

Industry Context

Grants of restricted stock units are a common form of executive compensation used to align the interests of company leadership with those of shareholders. This practice is widespread across various industries to incentivize performance and retention.

Comparison to Industry Standards

• Restricted stock units are a standard component of compensation packages for directors and executives in publicly traded companies.
• The vesting schedule, contingent on continued service and company milestones, is also a common practice.
• Comparable companies in the payment processing industry, such as Global Payments Inc. (GPN) and Fiserv Inc. (FISV), often utilize similar equity-based compensation strategies to incentivize their leadership teams.

Stakeholder Impact

• Shareholders may view the grant positively as it incentivizes the director to work towards the company's long-term success.
• Employees may see this as a sign of the company's commitment to its leadership.

Key Dates