Form 4: Snowflake Director Jeremy Burton Granted Restricted Stock Units

Snowflake Inc. Director Jeremy Burton was granted 1,373 restricted stock units, increasing his beneficial ownership in the company.

Summary

• Snowflake Inc. Director Jeremy Burton acquired 1,373 shares of common stock in the form of restricted stock units (RSUs) on July 2, 2025.
• These RSUs were granted at a price of $0 per share.
• Following this transaction, Jeremy Burton beneficially owns 5,360 shares directly and an additional 20 shares indirectly through The Burton Family Trust.
• The 1,373 RSUs are scheduled to vest in full on the earlier of the 2026 annual stockholders' meeting date (or the day prior if service ends due to non-re-election or not standing for re-election) or the first anniversary of the grant date, contingent on his continued service as a director.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive signal, indicating continued alignment of interests and a standard form of equity compensation. It does not involve a sale of shares.

Positives

• Director Jeremy Burton received a grant of 1,373 restricted stock units, aligning his interests further with shareholders.
• The grant of RSUs at a $0 price indicates compensation tied to future performance and continued service.
• Increased beneficial ownership by a director can signal confidence in the company's future.

Future Outlook

The vesting of the 1,373 restricted stock units is contingent on Jeremy Burton's continued service as a director through the earlier of the 2026 annual stockholders' meeting or the first anniversary of the grant date.

Industry Context

This Form 4 filing details an equity compensation grant to a director, which is a common practice across industries, particularly in technology companies like Snowflake, to align management and director incentives with shareholder value creation and ensure retention.

Comparison to Industry Standards

• Equity grants to directors, such as restricted stock units, are a standard component of compensation packages in publicly traded companies, especially in the technology sector.
• The specific number of units granted (1,373) and the vesting schedule (earlier of 2026 annual meeting or first anniversary of grant) are typical for director compensation, aiming to incentivize long-term commitment and performance.
• No specific comparable companies or projects are mentioned in the document to allow for a direct numerical comparison.

Related Party Transactions

• 20 shares are held indirectly by The Burton Family Trust, for which the reporting person, Jeremy Burton, is a trustee. This constitutes a related party holding.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns the director's interests with shareholders, potentially leading to better long-term decision-making focused on share price appreciation.
• Employees: While not directly impacting general employees, the use of equity compensation for directors reinforces a culture of performance-based incentives within the company.

Next Steps

• The 1,373 restricted stock units will vest in full on the earlier of the 2026 annual meeting of stockholders or the first anniversary of the grant date, subject to continued service.

Key Dates

Recommendation

Keywords

Snowflake Inc., SNOW, Jeremy Burton, Director, Restricted Stock Units, RSU Grant, Insider Transaction, Beneficial Ownership, SEC Form 4, Equity Compensation