Form 4: Repay Holdings Corp Executive Vice President Acquires Shares Through Performance-Based Vesting

Jacob Hamilton Moore, an Executive Vice President at Repay Holdings Corp, acquired shares of Class A common stock due to the vesting of performance-based restricted stock units and subsequently sold shares to cover tax liabilities.

Summary

• On February 12, 2025, Jacob Hamilton Moore, an Executive Vice President at Repay Holdings Corp, acquired 8,192 shares of Class A common stock.
• These shares were earned and vested from performance-based restricted stock units (PSUs) related to 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.
• Additionally, 2,871 shares were disposed of at a price of $7.19 to cover the reporting person's tax liability related to the vesting of the PSUs.
• Following these transactions, Moore directly owns 145,451 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs suggests the achievement of performance targets, which is a positive indicator. The sale of shares for tax purposes is a normal occurrence and doesn't significantly impact sentiment.

Positives

• The vesting of performance-based restricted stock units indicates that performance targets were met over the three-year period from January 1, 2022, to December 31, 2024.

Negatives

• The sale of 2,871 shares to cover tax liabilities could be perceived negatively, although it is a common practice.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates routine compensation-related stock transactions.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates