Form 4: Repay Holdings Corp Executive Dempsey Tyler B Reports Stock Transactions

General Counsel Dempsey Tyler B reports acquisition and disposal of Repay Holdings Corp Class A Common Stock related to performance-based restricted stock units.

Summary

• On February 12, 2025, Tyler B Dempsey, General Counsel of Repay Holdings Corp, reported transactions involving Class A Common Stock.
• Dempsey acquired 14,677 shares of Class A Common Stock at $0 related to performance-based restricted stock units (PSUs) that vested after a three-year performance period from January 1, 2022, to December 31, 2024.
• The Issuer's Compensation Committee approved the achievement level of the PSU performance targets on February 12, 2025.
• Dempsey also disposed of 5,143 shares of Class A Common Stock at $7.19 to cover tax liabilities associated with the vesting of the PSUs.
• Following these transactions, Dempsey beneficially owns 269,255 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transactions are routine and related to compensation. The vesting of PSUs suggests performance targets were met, which is mildly positive, but the sale of shares for tax purposes is a neutral event.

Positives

• The vesting of performance-based restricted stock units indicates that performance targets were met over the three-year period, which could be viewed positively.

Negatives

• The disposal of shares to cover tax liabilities, while standard, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as the PSUs in this case.
• The vesting of these awards is typically tied to the achievement of specific financial or operational targets.
• The disposal of shares to cover tax liabilities is a common practice among executives receiving equity compensation.
• Comparable companies in the payment processing industry also utilize similar equity compensation strategies to align management's interests with those of shareholders.

Stakeholder Impact

• The vesting of PSUs and subsequent transactions have a minor impact on shareholders, as they reflect the alignment of management's interests with company performance.

Key Dates

Keywords

Repay Holdings Corp, RPAY, Tyler B Dempsey, Class A Common Stock, Performance-Based Restricted Stock Units, PSUs, Beneficial Ownership, SEC Form 4, Insider Trading