Form 4: Unisys SVP & CMO, Teresa Poggenpohl, Reports Acquisition of Common Stock Due to Performance-Based Restricted Stock Units
SEC Form 4 Filing
Teresa Poggenpohl, SVP & CMO of Unisys, reports acquiring common stock as a result of earned performance-based restricted stock units.
Summary
- Teresa Poggenpohl, SVP & CMO of Unisys Corporation, filed a Form 4 on February 13, 2025, reporting changes in beneficial ownership of Unisys stock.
- The report indicates the acquisition of 5,699 shares of common stock on February 11, 2025, related to performance-based restricted stock units (PB-RSUs) granted on February 28, 2023, under the 2023 Long-Term Incentive and Equity Compensation Plan.
- Additionally, 14,411 shares were acquired on the same date related to PB-RSUs granted on February 26, 2024, under the same plan.
- Following these transactions, Poggenpohl beneficially owns 97,245 shares of Unisys common stock directly.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. The vesting of PB-RSUs suggests that performance targets were met, which is mildly positive.
Positives
- The acquisition of shares indicates that performance targets were met, triggering the vesting of PB-RSUs.
Future Outlook
The Form 4 filing does not contain any forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the vesting of performance-based equity awards, which is a common practice in executive compensation.
Stakeholder Impact
- The vesting of PB-RSUs aligns executive compensation with company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| February 28, 2023 | Date of grant for PB-RSUs related to the acquisition of 5,699 shares. |
| February 26, 2024 | Date of grant for PB-RSUs related to the acquisition of 14,411 shares. |
| February 11, 2025 | Transaction date for the acquisition of 5,699 and 14,411 shares. |
| February 13, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Unisys, Poggenpohl, Stock, Beneficial Ownership, PB-RSU, Equity Compensation
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