Form 4: Repay Holdings Executive Vice President Naomi Barnett Receives Stock Grant

Naomi Barnett, Executive Vice President of Repay Holdings Corp, was granted 58,600 shares of Class A Common Stock on March 5, 2025, which vest in four equal annual installments starting March 5, 2026.

Summary

• On March 5, 2025, Naomi Barnett, an Executive Vice President at Repay Holdings Corp, received a grant of 58,600 shares of Class A Common Stock.
• These shares are subject to vesting, occurring in four equal annual installments, beginning on March 5, 2026.
• Following this transaction, Ms. Barnett directly owns 182,007 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, aligning executive interests with shareholder value through equity ownership and long-term vesting.

Positives

• The stock grant to a key executive aligns her interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to Repay Holdings.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the stock grant.

Industry Context

Stock grants are a common form of executive compensation in the financial technology industry, used to incentivize performance and retain key personnel. This grant aligns with standard practices for companies like Repay Holdings.

Comparison to Industry Standards

• Similar companies in the payment processing sector, such as Global Payments, Fiserv, and Square (Block), often use stock grants as part of their executive compensation packages.
• The vesting schedule of four years is a typical timeframe for such grants, aligning with industry norms for long-term incentive plans.
• The size of the grant, 58,600 shares, would be assessed relative to Barnett's overall compensation package and the company's equity pool, compared to similar roles at comparable companies.

Stakeholder Impact

• Shareholders may view the stock grant positively as it incentivizes the executive to drive long-term value.
• Employees may see this as a positive sign of investment in leadership and the company's future.

Key Dates