Form 4: Tenable Holdings CFO Stephen Vintz Reports Stock Transactions

Chief Financial Officer of Tenable Holdings, Stephen Vintz, reports the acquisition and disposal of company stock and restricted stock units to cover tax obligations.

Summary

• On May 17, 2024, Stephen Vintz, CFO of Tenable Holdings, acquired 5,844 shares of common stock at $0 and disposed of 2,813 shares on May 20, 2024, at $43.76.
• These transactions are related to the vesting of restricted stock units (RSUs) and the subsequent sale of shares to cover tax withholding obligations.
• Following these transactions, Vintz directly owns 260,955 shares of Tenable Holdings common stock.
• Vintz also holds 17,532 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to sell shares to cover tax obligations arising from the vesting of stock awards.

Comparison to Industry Standards

• Form 4 filings are standard practice across publicly traded companies, including competitors like Rapid7 and Qualys.
• The 'sell to cover' transaction is a common method used by executives in many companies to manage tax liabilities related to equity compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they are related to routine executive compensation and tax obligations.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates