Form 4: Vacasa Director Joerg Adams Receives Restricted Stock Units

Director Joerg Adams of Vacasa, Inc. reports the acquisition of 20,134 restricted stock units.

Summary

• Joerg Adams, a director of Vacasa, Inc., filed a Form 4 on May 23, 2024, reporting a transaction that occurred on May 21, 2024.
• Adams acquired 20,134 shares of Common Stock in the form of restricted stock units (RSUs).
• These RSUs vest in full on the earlier of (i) the first anniversary of the grant date and (ii) immediately before the next annual meeting of stockholders of the Issuer following the grant date.
• Each RSU represents a contingent right to receive one share of Vacasa's Class A Common Stock.
• Adams is an employee of an affiliate of Silver Lake Group, L.L.C. and is a member of the board of directors of the Issuer.
• The securities are held by Mr. Adams for the benefit of Silver Lake Technology Management, L.L.C., certain of its affiliates and certain of the funds they manage ('Silver Lake').
• Upon the sale of these securities, the proceeds will be remitted to Silver Lake and/or its limited partners.
• Adams disclaims beneficial ownership of these securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The vesting of the restricted stock units is contingent upon the earlier of the first anniversary of the grant date or the next annual meeting of stockholders.

Management Comments

• Mr. Adams disclaims beneficial ownership of these securities and the inclusion of the securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates