Form 4: Ziff Davis EVP/General Counsel Jeremy Rossen Reports Changes in Beneficial Ownership

Jeremy Rossen, EVP/General Counsel of Ziff Davis, Inc., reports transactions involving common stock and restricted stock units.

Summary

• On March 6, 2024, Jeremy Rossen, EVP/General Counsel of Ziff Davis, Inc., reported changes in beneficial ownership.
• Rossen acquired 956 shares of common stock through the vesting of restricted stock units.
• Rossen disposed of 344 shares of common stock to cover tax obligations at a price of $66.88 per share.
• Following these transactions, Rossen directly owns 9,208 shares of common stock.
• Rossen was also granted 9,906 restricted stock units (RSUs) that vest in three equal annual installments beginning on March 6, 2025.
• The reporting person directly owns 956 restricted stock units that convert into common stock on a one-for-one basis.
• The reporting person directly owns 9,906 restricted stock units that convert into common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The grant of RSUs indicates continued investment in the executive's role.

Positives

• The grant of 9,906 restricted stock units to Jeremy Rossen indicates continued investment in the company's leadership.

Negatives

• The disposal of 344 shares to cover tax obligations, while routine, represents a slight decrease in Rossen's direct shareholding.

Future Outlook

The granted restricted stock units will vest in three equal annual installments beginning on March 6, 2025, incentivizing continued performance from the executive.

Industry Context

Executive compensation through stock and RSU grants is a common practice in the industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for executives is a standard practice across publicly traded companies, particularly in the tech and media sectors.
• Companies like Alphabet (GOOGL) and Meta (META) also utilize RSUs as a significant component of executive compensation packages.
• The vesting schedule of three years for the granted RSUs is fairly typical, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and ownership.

Key Dates