Form 4: Sprout Social CEO Ryan Paul Barretto Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ryan Paul Barretto, CEO of Sprout Social, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock, including the acquisition of new Restricted Stock Units (RSUs).
Summary
- On October 1, 2024, Ryan Paul Barretto, CEO of Sprout Social, reported changes in his beneficial ownership of the company's stock.
- He acquired 88,999 shares of Class A Common Stock through the grant of Restricted Stock Units (RSUs).
- These RSUs vest over time, with 25% vesting on October 1, 2025, and the remaining portion vesting in 12 equal quarterly installments starting January 1, 2026.
- Barretto directly owns 559,808 shares of Class A Common Stock following the reported transactions.
- He also indirectly owns 186,975 shares through trusts where his spouse or he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports changes in ownership.
Positives
- The grant of RSUs to the CEO aligns his interests with the long-term performance of the company.
- The vesting schedule encourages continued service and commitment from the CEO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the CEO's holdings, which can be of interest to investors.
Stakeholder Impact
- Shareholders may be interested in the CEO's ownership stake as it aligns his interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of the reported transaction (acquisition of RSUs). |
| 10/02/2024 | Date of signature for the Form 4 filing. |
| 12/01/2024 | Initial vesting date for some of the previously reported RSUs. |
| 03/01/2025 | Vesting date for 25% of 69,538 reported RSUs. |
| 06/01/2025 | Start date for quarterly vesting installments for some of the previously reported RSUs. |
| 10/01/2025 | Vesting date for 25% of the newly granted 88,999 RSUs. |
| 01/01/2026 | Start date for quarterly vesting installments for the newly granted 88,999 RSUs. |
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