Form 4: Repay Holdings Corp Director Richard E. Thornburgh Reports Changes in Beneficial Ownership

Director Richard E. Thornburgh reports acquisition of 17,525 shares of Repay Holdings Corp Class A Common Stock as a grant of restricted stock units.

Summary

• On May 30, 2024, Richard E. Thornburgh, a director of Repay Holdings Corp, reported a transaction involving Class A Common Stock.
• Thornburgh acquired 17,525 shares through a grant of restricted stock units at $0 per share.
• Following the transaction, Thornburgh beneficially owns 101,956 shares of Class A Common Stock directly.
• The restricted stock units 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 after Thornburgh ceases to be a director of the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock units is a common practice and aligns the director's interests with the company's performance. The increased ownership is a positive sign.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term performance of the company.
• Increased ownership by a director can be seen as a sign of confidence in the company's future prospects.

Future Outlook

The shares subject to the restricted stock units will be issued to the Reporting Person after the Reporting Person ceases to be a director of the Issuer pursuant to the terms of the award agreement.

Management Comments

• The Reporting Person disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a grant of restricted stock units, a common form of executive compensation.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units to align management's interests with shareholders.
• The vesting schedule of one year or the next annual meeting is a fairly standard practice.
• Companies like Visa, Mastercard, and PayPal also use similar equity-based compensation for their executives.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The increased ownership by a director can be viewed positively by shareholders.

Key Dates