Form 4: ServiceTitan CFO David Sherry Receives Stock Award

David Sherry, CFO of ServiceTitan, received an award of 65,670 restricted stock units (RSUs) on May 9, 2025, according to a Form 4 filing.

Summary

• A Form 4 filing reveals that ServiceTitan's Chief Financial Officer, David Sherry, was granted 65,670 restricted stock units (RSUs) on May 9, 2025.
• These RSUs will vest quarterly, with 1/16th of the total RSUs vesting on September 15, 2025, contingent upon Sherry's continued service.
• Each RSU represents the right to receive one share of ServiceTitan's Class A Common Stock.
• Following the reported transaction, Sherry beneficially owns 391,079 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard practice and indicates confidence in the CFO's continued contribution to the company. There are no immediate negative implications.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• The vesting schedule encourages continued service and commitment from the CFO.

Future Outlook

The RSUs will continue to vest quarterly as long as the Reporting Person continues to provide service to the company.

Industry Context

Stock awards are a common form of executive compensation in the technology industry, used to attract and retain talent and align their interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including stock awards, vary significantly across the software industry depending on company size, growth stage, and performance.
• Comparing ServiceTitan's executive compensation structure to companies like Atlassian, Salesforce, or smaller SaaS businesses would provide a better understanding of its competitiveness.
• The size of the RSU grant should be assessed in relation to the CFO's base salary and other benefits to determine its overall significance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the CFO's interests with the company's long-term success.
• Employees may see the RSU grant as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

ServiceTitan, David Sherry, CFO, restricted stock units, RSUs, Form 4, beneficial ownership, Class A Common Stock, vesting