Form 4: Semrush Director William Wagner Receives Stock Grant

Director William Raymond Wagner received a grant of 12,024 restricted stock units (RSUs) from Semrush Holdings, Inc. on June 6, 2024.

Summary

• On June 6, 2024, William Raymond Wagner, a director of Semrush Holdings, Inc., was granted 12,024 restricted stock units (RSUs).
• These RSUs represent the right to receive one share of Semrush's Class A Common Stock upon vesting.
• The RSUs will vest in full on the earlier of June 6, 2025, or the date of the company's next annual meeting of stockholders, contingent upon Wagner's continued service with Semrush.
• Following this transaction, Wagner beneficially owns 53,758 shares of Class A Common Stock, a portion of which are represented by RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

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

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary widely across the tech industry.
• Companies like Google (Alphabet Inc.) and Meta Platforms also use stock-based compensation to attract and retain board members.
• The size of the grant is typical for a company of Semrush's size and stage of growth.

Stakeholder Impact

• The RSU grant aligns the director's interests with shareholders, potentially driving long-term value.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates