Form 4: Sprinklr Director Stephen M. Ward Jr. Awarded 21,929 Restricted Stock Units

Director Stephen M. Ward Jr. of Sprinklr, Inc. was granted 21,929 restricted stock units (RSUs) that will vest on January 29, 2026, subject to continued service.

Summary

• Stephen M. Ward Jr., a director at Sprinklr, Inc., received 21,929 restricted stock units (RSUs).
• The RSUs were granted on January 29, 2025.
• These RSUs will vest in full on January 29, 2026, provided Mr. Ward continues his service with the company through that date.
• The transaction was reported on January 31, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating a positive but not extraordinary event. The grant of RSUs is a positive sign of alignment between the director and the company's long-term goals.

Positives

• The grant of RSUs to a director aligns their interests with the long-term success of the company.
• The vesting period of one year encourages continued service and commitment from the director.

Risks

• The value of the RSUs is subject to the market price of Sprinklr's stock, which can fluctuate.
• If Mr. Ward leaves the company before the vesting date, he will forfeit the RSUs.

Future Outlook

The vesting of the RSUs is contingent on the director's continued service with the company through January 29, 2026.

Industry Context

Equity compensation, such as RSU grants, is a common practice for publicly traded companies to incentivize and retain key personnel, including directors.

Comparison to Industry Standards

• RSU grants are a standard form of equity compensation for directors in publicly traded technology companies.
• The vesting period of one year is typical for such grants, aligning with industry norms.
• Companies like Salesforce, Adobe, and Oracle also use similar equity compensation strategies for their directors.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The grant is a form of compensation for the director.

Key Dates

Keywords

Restricted Stock Units, RSU, Director, Stock Grant, Equity Compensation, Sprinklr, CXM, Vesting