Form 4: Vimeo Director Adam Gross Reports Changes in Beneficial Ownership

Adam Gross, a director at Vimeo, Inc., reported a transaction involving the withholding of shares to cover income tax obligations related to the settlement of restricted stock units.

Summary

• On June 1, 2024, Vimeo director Adam Gross reported a transaction on Form 4.
• The transaction involved the withholding of 6,194 common stock shares by Vimeo to satisfy income tax obligations related to the net settlement of restricted stock units (RSUs).
• The price per share for the withholding was $3.88.
• Following the transaction, Gross beneficially owns 197,004.44 shares of Vimeo common stock.
• This total includes previously awarded RSUs, share units credited under the Deferred Compensation Plan, and shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. There is no information to suggest a positive or negative outlook, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.

Key Dates