Form 4: Verb Technology Company Interim CFO Receives Stock Grant

Bill John Rivard, Interim CFO of Verb Technology Company, was granted 34,143 restricted stock units as part of his annual compensation.

Summary

• Bill John Rivard, the Interim CFO of Verb Technology Company, received 34,143 restricted stock units as part of his compensation for the fiscal year ending December 31, 2025.
• These restricted stock units will vest annually in equal parts over four years, contingent on Rivard's continued service.
• The grant was made on January 7, 2025, following the compensation committee's adoption of an independent consulting firm's recommendations.
• The total reported holdings include the new grant, 22,936 unvested restricted stock units, and 753 restricted stock units, of which 239 have vested.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The sentiment is positive as it shows the company is following standard procedures for executive compensation.

Positives

• The grant of restricted stock units aligns the CFO's interests with the company's long-term performance.
• The vesting schedule encourages continued service from the CFO.

Risks

• The value of the restricted stock units is subject to the volatility of the company's stock price.
• The CFO must remain in continuous service to fully vest the restricted stock units.

Future Outlook

The restricted stock units will vest annually over the next four years, contingent on the CFO's continued service.

Management Comments

• The compensation committee adopted the annual recommendation of an independent compensation consulting firm to determine executive compensation.

Industry Context

Granting stock-based compensation is a common practice for publicly traded companies to align executive interests with shareholder value and incentivize long-term performance.

Comparison to Industry Standards

• Stock-based compensation is a standard practice for executive compensation in publicly traded companies.
• The vesting schedule of four years is typical for restricted stock unit grants.
• Companies like Salesforce, Oracle, and Adobe also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign of aligning management interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Next Steps

• The restricted stock units will vest annually over the next four years, contingent on the CFO's continued service.

Key Dates

Keywords

restricted stock units, compensation, stock grant, interim CFO, Verb Technology Company, equity, vesting