4/A: Zeta Global Holdings Corp. Executive Amends Filing to Include Omitted Stock Award

A Zeta Global Holdings Corp. executive amended a previous filing to include a grant of 30,000 restricted stock units awarded on October 10, 2024.

Summary

• This document is an amendment to a previous SEC Form 4 filing by Satish Ravella, Chief Accounting Officer of Zeta Global Holdings Corp.
• The amendment corrects an administrative error in the original filing from October 11, 2024.
• The error omitted the reporting of 30,000 restricted stock units awarded to Ravella on October 10, 2024.
• These restricted stock units were granted under the company's 2021 Incentive Award Plan.
• 25% of the units will vest on October 1, 2025, with the remaining 75% vesting in 16 equal quarterly installments thereafter.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error, which is not inherently positive or negative, but the correction is a positive sign of compliance.

Negatives

• The original filing contained an administrative error, omitting a significant stock award.

Risks

• Administrative errors in SEC filings can lead to scrutiny and potential compliance issues.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This type of filing is standard for publicly traded companies and their executives, ensuring transparency in stock ownership and transactions.

Comparison to Industry Standards

• The reporting of stock awards to executives is a common practice across publicly traded companies.
• The vesting schedule of 25% after one year and the remainder over 16 quarters is a typical vesting structure.
• Companies like Salesforce, Adobe, and Oracle also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The amendment ensures transparency for shareholders regarding executive compensation.
• The vesting schedule aligns executive interests with long-term company performance.

Key Dates

Keywords

SEC Form 4, amendment, restricted stock units, stock award, insider trading, Zeta Global Holdings Corp., Satish Ravella, vesting