Form 4: Tenable Holdings CEO Amit Yoran Reports Stock Transactions
SEC Form 4 Filing
Amit Yoran, CEO of Tenable Holdings, reports transactions involving common stock and restricted stock units.
Summary
- Amit Yoran, the President, CEO, and Chairman of Tenable Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 22, 2024, Yoran engaged in transactions involving common stock and derivative securities.
- These transactions included the vesting of performance-restricted stock units (PRSUs) and restricted stock units (RSUs).
- Yoran directly owns 373,270 shares of common stock.
- Yoran indirectly owns 169,765 shares through the Amit Yoran GRAT B, 318,043 shares through the Amit Yoran GRAT A, and 245,947 shares through the Amit Yoran 2020 Family Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The remaining shares underlying the PRSUs and RSUs will vest in equal quarterly installments over 3 years, subject to continuous service and accelerated vesting in specified circumstances.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of grant for Performance Restricted Stock Units (PRSUs). |
| 02/21/2024 | Compensation Committee certified achievement of PRSUs and determined 93.9% payout. |
| 02/22/2024 | 25% of shares underlying PRSUs and RSUs vested. |
| 05/22/2024 | Date of reported transactions involving common stock and derivative securities. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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