Form 4: ZoomInfo CFO Michael O'Brien Reports Stock Transactions
SEC Form 4 Filing
Michael O'Brien, CFO of ZoomInfo Technologies Inc., reports the vesting and subsequent sale of restricted stock units and HSKB Phantom Units to cover tax liabilities on March 1, 2025.
Summary
- On March 1, 2025, Michael O'Brien, the Chief Financial Officer of ZoomInfo Technologies Inc., reported transactions involving the company's common stock.
- These transactions included the vesting of restricted stock units and HSKB Phantom Units, which were then settled into shares of common stock.
- A portion of the shares acquired upon vesting were subsequently disposed of to cover the reporting person's tax liabilities.
- After these transactions, O'Brien directly owns 42,185 shares of ZoomInfo Technologies Inc. common stock.
- He also holds derivative securities including 480 restricted stock units from a September 1, 2021 grant, 1,282 restricted stock units from a September 1, 2022 grant, 2,295 restricted stock units from a December 1, 2022 grant, and 1,520 HSKB Phantom Units from a December 1, 2021 grant.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
- The vesting schedules and terms of these grants are generally aligned with industry standards and designed to incentivize long-term performance.
- Companies like Salesforce, Oracle, and Adobe also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions reported have a minimal impact on shareholders as they relate to routine executive compensation and tax obligations.
- Employees may be indirectly affected by the overall executive compensation structure, but this filing does not represent a significant change.
Key Dates
| Date | Description |
|---|---|
| 2021-09-01 | Original grant date of restricted stock units. |
| 2021-12-01 | Original grant date of HSKB Phantom Units. |
| 2022-09-01 | Original grant date of restricted stock units. |
| 2022-12-01 | Original grant date of restricted stock units. |
| 2024-12-01 | Start date for vesting schedules of various restricted stock unit and HSKB Phantom Unit grants. |
| 2025-03-01 | Date of reported transactions: vesting and disposal of shares. |
| 2025-03-04 | Date of signature on the Form 4 filing. |
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