Form 4: Repay Holdings Corp Director William I. Jacobs Reports Stock Grant

Director William I. Jacobs reports receiving a grant of 17,525 shares of Repay Holdings Corp Class A Common Stock on May 30, 2024.

Summary

• On May 30, 2024, William I. Jacobs, a director of Repay Holdings Corp, acquired 17,525 shares of Class A Common Stock.
• These shares were granted as restricted stock units.
• 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 to Jacobs after he ceases to be a director of the Issuer.
• Following the transaction, Jacobs beneficially owns 80,856 shares of Repay Holdings Corp.
• The transaction was reported on June 3, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

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.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates