Form 4: ZoomInfo CFO Michael O'Brien Reports Stock Transactions
SEC Form 4 Filing
ZoomInfo's CFO, Michael O'Brien, reports the vesting and subsequent tax withholding related to HSKB Phantom Units and restricted stock units.
Summary
- Michael O'Brien, CFO of ZoomInfo Technologies Inc., reported transactions involving common stock, HSKB Phantom Units, and restricted stock units on November 1, 2024.
- The transactions include the vesting of 1,542 HSKB Phantom Units and 13,875 restricted stock units, both settling into common stock.
- Shares were withheld to cover tax liabilities associated with the vesting of both the HSKB Phantom Units (514 shares at $11.05) and the restricted stock units (4,621 shares at $11.05).
- Following these transactions, O'Brien directly owns 40,458 shares of common stock and 12,333 HSKB Phantom Units and 41,625 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transactions involving common stock, HSKB Phantom Units, and restricted stock units. |
| 11/05/2024 | Date of signature of the report. |
| 12/01/2023 | Original grant date of HSKB Phantom Units, vesting quarterly over 24 months starting November 1, 2024. |
| 12/29/2023 | Original grant date of restricted stock units, vesting quarterly over 36 months starting November 1, 2024. |
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