Form 4: Vertex, Inc. CEO David DeStefano Reports Stock Transactions

CEO David DeStefano reports the acquisition and disposal of Vertex, Inc. Class A Common Stock and Restricted Stock Units.

Summary

• On February 23, 2024, David DeStefano acquired 101,395 Class A Common Stock and disposed of 45,957 shares at $24.71.
• Following these transactions, DeStefano directly owns 447,628 shares of Class A Common Stock.
• On February 24, 2024, DeStefano acquired 109,233 Class A Common Stock and disposed of 55,873 shares at $24.71.
• Following these transactions, DeStefano directly owns 500,988 shares of Class A Common Stock.
• DeStefano also transacted in Restricted Stock Units, acquiring 101,395 units on February 23, 2024, leaving 304,186 units.
• He acquired 109,233 units on February 24, 2024, leaving 218,465 units.
• The remaining restricted stock units from February 23, 2024, will vest in three equal annual installments on February 23, 2025, February 23, 2026, and February 23, 2027.
• The remaining restricted stock units from February 24, 2024, will vest in two equal annual installments on February 24, 2025, and February 24, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• Shareholders may be interested in the trading activity of the CEO as it can provide insights into management's perspective on the company's value.

Key Dates