Form 4: Toast Inc. Director Christopher P. Comparato Reports Stock Transaction
SEC Form 4 Filing
Director Christopher P. Comparato reports the vesting of 7,825 Restricted Stock Units (RSUs) into Class A Common Stock on February 1, 2025.
Summary
- On February 1, 2025, Christopher P. Comparato, a director at Toast, Inc., had 7,825 Restricted Stock Units (RSUs) vest and convert into Class A Common Stock.
- This transaction increased his direct holdings of Class A Common Stock to 204,796 shares.
- The RSUs vest in sixteen equal quarterly installments following February 1, 2022.
- As of the date of the report, Comparato also owns 8,968,280 shares of Class B common stock, each convertible into one share of Class A common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting, and has a neutral sentiment.
Positives
- The vesting of RSUs indicates a continued alignment of the director's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine vesting of equity compensation.
Key Dates
| Date | Description |
|---|---|
| February 1, 2022 | Start date for the sixteen equal quarterly installments vesting schedule of the Restricted Stock Units. |
| February 1, 2025 | Date of transaction: 7,825 Restricted Stock Units vested and converted into Class A Common Stock. |
| February 4, 2025 | Date of Form 4 filing. |
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