Form 4: Vertex, Inc. Director and 10% Owner Receives Restricted Stock Award

Amanda Westphal Radcliffe, a Director and 10% Owner of Vertex, Inc. (VERX), was awarded 5,327 shares of restricted Class A Common Stock on June 11, 2025.

Summary

• Amanda Westphal Radcliffe, identified as both a Director and a 10% Owner of Vertex, Inc. (VERX), was the reporting person for this transaction.
• On June 11, 2025, Ms. Radcliffe acquired 5,327 shares of Vertex, Inc.'s Class A Common Stock.
• The acquisition price for these shares was $0, indicating that they were granted as an award, specifically restricted stock.
• Following this transaction, Ms. Radcliffe beneficially owns a total of 143,392 shares of Class A Common Stock.
• The 5,327 restricted shares are subject to a vesting schedule, which will occur on the earlier of (i) the day immediately prior to the date of the next annual meeting of the Company's stockholders or (ii) June 11, 2026.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. This is a routine insider equity award, which aligns management/director interests with shareholders, but does not provide new financial performance data or significant operational updates.

Positives

• The award of restricted stock to a Director and 10% Owner helps align their long-term interests with those of the company's shareholders.
• Equity compensation at a $0 price is a common method to incentivize key personnel and major stakeholders without requiring an immediate cash outlay from the recipient.

Risks

• The value of the restricted stock award is directly tied to the future market performance of Vertex, Inc.'s Class A Common Stock, meaning its ultimate value could fluctuate.
• The shares are restricted and subject to a vesting schedule, meaning they are not immediately liquid for the recipient until the vesting conditions are met.

Future Outlook

The restricted stock award is designed to vest on the earlier of the day immediately prior to the next annual meeting of Vertex, Inc.'s stockholders or June 11, 2026, thereby aligning the recipient's future financial interests with the company's long-term performance and shareholder value creation.

Industry Context

This Form 4 filing details a routine equity compensation event for a director and significant shareholder, a common practice across publicly traded companies, particularly in the technology and software sectors where Vertex, Inc. operates. Such awards are standard mechanisms to incentivize long-term commitment and performance alignment, reflecting typical corporate governance practices rather than specific industry trends.

Comparison to Industry Standards

• The award of restricted stock to a director and significant owner is a widely accepted and common practice in corporate governance across various industries, including the software and tax technology sectors where Vertex, Inc. operates.
• The $0 acquisition price is typical for equity grants that are part of a compensation package, as opposed to a direct stock purchase.
• While specific comparable companies or projects are not detailed in this filing, such equity awards are generally benchmarked against peer group compensation practices to ensure competitive and performance-aligned remuneration for key insiders.

Related Party Transactions

• The restricted stock award to Amanda Westphal Radcliffe, a Director and 10% Owner, constitutes a related party transaction as it involves compensation to a significant insider.

Stakeholder Impact

• Shareholders: The award aligns the interests of a significant insider (Director and 10% Owner) with long-term shareholder value, as the value of the restricted stock is tied to the company's stock performance.

Next Steps

• The 5,327 restricted shares will vest on the earlier of the day immediately prior to the next annual meeting of Vertex, Inc.'s stockholders or June 11, 2026.

Key Dates

Recommendation

Keywords

Vertex Inc., VERX, SEC Form 4, Insider Transaction, Restricted Stock, Stock Award, Director Compensation, Equity Compensation, Amanda Westphal Radcliffe, 10% Owner