Form 4: Upland Software CEO John T. McDonald Reports Stock Transaction

Upland Software CEO John T. McDonald disposed of 17,833 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Upland Software CEO John T. McDonald reported a transaction involving the disposal of 17,833 shares of common stock on December 16, 2024.
• The shares were withheld by the issuer to satisfy tax obligations related to the vesting of restricted stock units.
• This transaction was not an open market sale.
• Following the transaction, Mr. McDonald directly owns 2,263,793 shares of Upland Software.
• He also indirectly owns 363,738 shares through National Financial Services as Cust FBO J. McDonald RRA.
• Additionally, Mr. McDonald has 125,000 shares held in a trust for the benefit of his children, which are not included in the reported direct holdings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive compensation practices.
• Similar filings are made by executives at comparable software companies such as Salesforce, Adobe, and Oracle when they exercise stock options or have restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related disposal of shares.

Key Dates

Keywords

Upland Software, John T. McDonald, stock transaction, Form 4, insider trading, restricted stock units, tax withholding