Form 4: ZoomInfo CFO Michael O'Brien Exercises Stock Options and Phantom Units
SEC Form 4 Filing
ZoomInfo's Chief Financial Officer, Michael O'Brien, has exercised stock options and phantom units, resulting in the acquisition of common stock and a reduction in his holdings of derivative securities.
Summary
- Michael O'Brien, the Chief Financial Officer of ZoomInfo Technologies Inc., has filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On December 1, 2024, O'Brien exercised restricted stock units and HSKB Phantom Units, resulting in the acquisition of 1287 shares of common stock.
- The transactions included the vesting of restricted stock units granted on September 1, 2021, September 1, 2022, and December 1, 2022, as well as HSKB Phantom Units granted on December 1, 2021.
- A portion of the shares acquired were withheld to cover O'Brien's tax liabilities, totaling 430 shares.
- Following these transactions, O'Brien directly owns 36,694 shares of ZoomInfo common stock.
Sentiment
Score: 7
Explanation: The document reflects routine executive compensation activity. The exercise of options and phantom units is a positive sign of the CFO's confidence in the company, but it is not a major event that would significantly impact the stock price.
Positives
- The exercise of stock options and phantom units indicates that the CFO is converting his equity compensation into shares, which can be seen as a positive sign of confidence in the company's future.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting schedule of equity-based compensation for a key executive.
Comparison to Industry Standards
- The vesting schedules described are typical for stock options and restricted stock units granted to executives in the technology industry.
- The use of phantom units is also a common practice for private equity backed companies, such as ZoomInfo, to provide equity-like incentives to employees.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the conversion of existing equity compensation into common stock.
Key Dates
| Date | Description |
|---|---|
| 09/01/2021 | Original grant date of some restricted stock units that vested on 12/01/2024. |
| 12/01/2021 | Original grant date of HSKB Phantom Units that vested on 12/01/2024. |
| 09/01/2022 | Original grant date of some restricted stock units that vested on 12/01/2024. |
| 12/01/2022 | Original grant date of some restricted stock units that vested on 12/01/2024. |
| 12/01/2024 | Date of the transactions reported in the Form 4, including the exercise of stock options and phantom units. |
| 12/03/2024 | Date the Form 4 was signed. |
Keywords
Form 4, ZoomInfo, Michael O'Brien, stock options, phantom units, restricted stock units, beneficial ownership, equity compensation, insider trading
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