Form 4: Yext Director Brian Distelburger Reports Stock Transactions
SEC Form 4
Brian Distelburger, a director at Yext, Inc., reported the vesting of restricted stock units and subsequent tax withholding on March 20, 2024.
Summary
- On March 20, 2024, Yext director Brian Distelburger reported the vesting of 9,375 and 6,250 restricted stock units, which convert to common stock.
- Shares were withheld to cover tax liabilities upon the vesting of these restricted stock units.
- Following these transactions, Distelburger directly owns 3,130,064 shares of Yext common stock and holds 18,750 and 31,250 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and do not indicate a change in company strategy or performance.
Key Dates
| Date | Description |
|---|---|
| 12/20/2020 | One-sixteenth of shares subject to award vests on December 20, 2020 and then quarterly thereafter on each of March 20, June 20, September 20 and December 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on September 20, 2024. |
| 09/20/2021 | One-sixteenth of shares subject to award vested on September 20, 2021 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20 and in each case subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2025. |
| 03/20/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
| 06/20/2025 | Date when one of the restricted stock unit awards is fully vested. |
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