Form 4: Radcliffe Receives Restricted Stock Award from Vertex, Inc.

Amanda Westphal Radcliffe, a director and 10% owner of Vertex, Inc., received 5,705 shares of Class A Common Stock as a restricted stock award on June 12, 2024.

Summary

• On June 12, 2024, Amanda Westphal Radcliffe, a director and 10% owner of Vertex, Inc. (VERX), acquired 5,705 shares of Class A Common Stock.
• This acquisition was in the form of a restricted stock award.
• The shares were awarded at a price of $0.
• Following the transaction, Radcliffe directly owns 138,065 shares of Vertex, Inc.
• The restricted stock will vest on the earlier of (i) the day immediately prior to the next annual meeting of the Company's stockholders and (ii) June 12, 2025.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral, reflecting a standard compensation practice.

Positives

• The acquisition of restricted stock aligns Radcliffe's interests with those of the company and its shareholders.
• The vesting schedule encourages long-term commitment from Radcliffe.

Future Outlook

The restricted stock award suggests continued involvement of Radcliffe with Vertex, Inc.

Industry Context

Restricted stock awards are a common form of executive compensation used to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• The restricted stock award aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates