Form 4: Tenable Holdings CFO Stephen Vintz Reports Stock Transactions

Chief Financial Officer of Tenable Holdings, Stephen Vintz, reports the vesting and conversion of restricted stock units into common stock.

Summary

• Stephen Vintz, the CFO of Tenable Holdings, reported transactions involving the vesting and conversion of restricted stock units (RSUs) and performance restricted stock units (PRSUs) into common stock on May 22, 2024.
• These transactions resulted in Mr. Vintz acquiring 1,594 shares and 5,095 shares of common stock from PRSUs and RSUs respectively.
• Following these transactions, Mr. Vintz directly owns 267,644 shares of Tenable Holdings common stock.
• The vesting schedule for the RSUs and PRSUs involves 25% vesting initially, followed by equal quarterly installments over 3 years, contingent upon continued service.

Sentiment

Score: 6

Explanation: The document reflects routine stock transactions related to executive compensation. The achievement of performance metrics for the PRSUs is a slightly positive signal, but overall the document is neutral.

Positives

• The vesting of PRSUs indicates that performance targets for fiscal year 2023 were substantially achieved, resulting in a 93.9% payout.

Future Outlook

The remaining RSUs and PRSUs will continue to vest in equal quarterly installments over the next 3 years, contingent upon the Reporting Person's continuous service with the Issuer.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The vesting of RSUs and PRSUs has a minor dilutive effect on existing shareholders.

Key Dates