Form 4: Tenable Holdings COO Mark Thurmond Reports Stock Transactions
SEC Form 4 Filing
Tenable Holdings' Chief Operating Officer, Mark Thurmond, reported multiple transactions involving the acquisition and disposal of company stock and restricted stock units.
Summary
- Mark Thurmond, Chief Operating Officer of Tenable Holdings, reported several transactions involving the company's stock.
- These transactions include the acquisition of common stock through the vesting of restricted stock units and performance restricted stock units.
- A portion of the acquired shares were sold to cover tax withholding obligations.
- The transactions occurred on November 22, 2024 and November 25, 2024.
- The reported transactions resulted in a net change in Mr. Thurmond's holdings of Tenable Holdings stock.
Sentiment
Score: 5
Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative for the company's performance. It is a neutral event.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- The vesting schedules and tax-related sales are standard practices for executive compensation in publicly traded companies.
- Similar filings are regularly made by executives at comparable technology companies such as CrowdStrike, Okta, and Zscaler.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022-02-23 | Performance Restricted Stock Units (PRSUs) granted, with a 106% payout determined on February 22, 2023, based on the Issuer's fiscal year 2022 criteria. |
| 2023-02-22 | 25% of the shares underlying the PRSUs granted on February 23, 2022, vested. |
| 2023-02-23 | Performance Restricted Stock Units (PRSUs) granted, with a 93.9% payout determined on February 21, 2024, based on the Issuer's fiscal year 2023 criteria. |
| 2024-02-21 | The Compensation Committee certified the achievement of the Performance Restricted Stock Units (PRSUs) granted on February 23, 2023 and determined a 93.9% payout for the measurement period based on the Issuer's fiscal year 2023 criteria. |
| 2024-02-22 | 25% of the shares underlying the PRSUs granted on February 23, 2023, vested. |
| 2024-11-22 | Mark Thurmond acquired shares through vesting of restricted stock units and performance restricted stock units. |
| 2024-11-25 | Mark Thurmond sold shares to cover tax obligations and acquired additional shares through vesting of restricted stock units and performance restricted stock units. |
| 2024-11-26 | Date of the Form 4 filing. |
Keywords
Tenable Holdings, stock transactions, Form 4, restricted stock units, performance restricted stock units, insider trading, executive compensation, Mark Thurmond
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