Form 4: Verb Technology Director Awarded Restricted Stock Units

Kenneth S. Cragun, a director at Verb Technology Company, Inc., received 12,140 restricted stock units as part of his annual compensation.

Summary

• Kenneth S. Cragun, a director at Verb Technology Company, Inc., was granted 12,140 restricted stock units on January 7, 2025.
• These restricted stock units are part of his compensation for the fiscal year ending December 31, 2025.
• The units will vest on the first anniversary of the grant, contingent on his continued service.
• Each unit represents the right to receive one share of Verb Technology's common stock.
• The total reported holdings for Mr. Cragun include the newly awarded 12,140 units, 8,155 unvested units, and 19 vested units.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally positive for aligning director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance.
• The vesting schedule encourages continued service and commitment from the director.

Risks

• The value of the restricted stock units is subject to the volatility of Verb Technology's stock price.
• The director must remain in continuous service to receive the shares upon vesting.

Future Outlook

The restricted stock units will vest on the first anniversary of the grant, contingent on the director's continued service.

Industry Context

The granting of restricted stock units is a common practice for compensating directors and executives in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is a standard practice across many publicly listed companies.
• Companies like Tesla, Apple, and Microsoft also use similar equity-based compensation plans for their board members and executives.
• The vesting period of one year is also a common practice to ensure long-term commitment from the directors.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign of aligning director interests with company performance.
• The director is incentivized to contribute to the company's success to ensure the vesting of the stock units.

Next Steps

• The restricted stock units will vest on the first anniversary of the grant, provided the director remains in continuous service.

Key Dates

Keywords

restricted stock units, compensation, director, stock grant, equity, Verb Technology, insider trading, SEC Form 4