Form 4: Vertex, Inc. Director Philip Seth Saunders Acquires Restricted Stock
SEC Form 4 Filing
Director Philip Seth Saunders acquired 5,705 shares of Vertex, Inc. Class A Common Stock as a restricted stock award.
Summary
- On June 12, 2024, Philip Seth Saunders, a director of Vertex, Inc., acquired 5,705 shares of Class A Common Stock.
- The acquisition was in the form of a restricted stock award.
- The restricted stock will vest on the earlier of the day before the next annual meeting or June 12, 2025.
- Following the transaction, Saunders beneficially owns 29,641 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock aligns the director's interests with those of the company and its shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of restricted stock aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Philip Seth Saunders acquired 5,705 shares of Class A Common Stock. |
| 06/12/2025 | Vesting date: Restricted stock will vest on the earlier of the day before the next annual meeting or June 12, 2025. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
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