Form 4: ServiceTitan Director Awarded RSUs
Director Compensation Award
ServiceTitan, Inc. reports the grant of restricted stock units to Director William Wei-Liang Hsu as part of the non-employee director compensation program.
Summary
- William Wei-Liang Hsu, a Director at ServiceTitan, Inc., was granted 3,046 restricted stock units (RSUs) on June 17, 2026.
- These RSUs are part of the company's non-employee director compensation program.
- The RSUs will fully vest on September 15, 2027, provided Mr. Hsu continues to serve on the board.
- Each RSU represents a contingent right to receive one share of ServiceTitan's Class A Common Stock.
- Mr. Hsu's beneficial ownership of Class A Common Stock is now 4,937 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard director compensation award rather than a significant financial event or strategic shift.
Positives
- Director compensation program is in place, indicating a structured approach to incentivizing board members.
- Grant of RSUs aligns director interests with shareholder value through future stock ownership.
- Clear vesting schedule and conditions provide transparency for future equity awards.
Risks
- The value of the RSUs is subject to the future performance and stock price of ServiceTitan, Inc.
- Continued service requirement for vesting means potential forfeiture if the director's tenure ends before September 15, 2027.
Future Outlook
The RSUs are set to vest on September 15, 2027, contingent upon the reporting person's continued service on the Issuer's board of directors.
Industry Context
StockSavvy.ai notes that the issuance of RSUs to non-employee directors is a common practice in the technology sector, including software companies like ServiceTitan, to attract and retain experienced board members and align their incentives with long-term company performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | William Wei-Liang Hsu has executed a Power of Attorney, appointing specific individuals to act on his behalf for SEC filings related to ServiceTitan, Inc. securities. | February 20, 2026 | Facilitates timely and accurate filing of required disclosures by authorized representatives. |
Stakeholder Impact
- Shareholders: The RSU grant aligns director interests with shareholders, potentially leading to decisions that enhance long-term stock value. The dilution from the RSU award is minimal given the standard nature of such grants.
- Directors: Provides an incentive for continued service and commitment to the company's success.
- Employees: Standard compensation practice that does not directly impact employees but contributes to overall corporate governance.
Next Steps
- William Wei-Liang Hsu is expected to continue serving on the board until the vesting date of September 15, 2027.
- Upon vesting, Mr. Hsu will receive one share of Class A Common Stock for each RSU awarded.
Key Dates
| Date | Description |
|---|---|
| 02/20/2026 | Date of Power of Attorney document. |
| 06/17/2026 | Transaction Date: Award of Restricted Stock Units. |
| 06/18/2026 | Date of signature for the Form 4 filing. |
| 09/15/2027 | Vesting date for the awarded Restricted Stock Units. |
Keywords
ServiceTitan, TTAN, Form 4, SEC Filing, Director Compensation, Restricted Stock Units, RSU, Equity Award, Vesting, Beneficial Ownership
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