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 of restricted stock units and subsequent sale of shares to cover tax liabilities.
Summary
- On April 1, 2025, Michael O'Brien, the CFO of ZoomInfo Technologies Inc., engaged in transactions involving the company's common stock and restricted stock units.
- O'Brien acquired shares through the vesting of restricted stock units.
- A portion of the acquired shares were then disposed of to cover tax liabilities associated with the vesting.
- Following these transactions, O'Brien directly owns 43,879 shares of ZoomInfo common stock.
- The transactions were related to restricted stock units granted on December 30, 2022, March 23, 2023, and October 25, 2023, which vest in quarterly installments after October 1, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- The vesting schedules and tax withholding practices are typical for restricted stock unit grants in the tech industry.
- Companies like Salesforce, Oracle, and Adobe also have similar executive compensation structures involving stock options and restricted stock units.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they reflect routine executive compensation and stock ownership changes.
- The filing provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| December 30, 2022 | Original grant date of restricted stock units that vest quarterly after October 1, 2024. |
| March 23, 2023 | Original grant date of restricted stock units that vest quarterly after October 1, 2024. |
| October 25, 2023 | Original grant date of restricted stock units that vest quarterly after October 1, 2024. |
| October 1, 2024 | Start date for quarterly vesting of restricted stock units granted on December 30, 2022, March 23, 2023, and October 25, 2023. |
| April 1, 2025 | Date of reported transactions: vesting of restricted stock units and sale of shares for tax liabilities. |
| April 03, 2025 | Date of filing of the Form 4. |
Keywords
ZoomInfo Technologies Inc., Michael O'Brien, CFO, Form 4, Stock Transactions, Restricted Stock Units, Beneficial Ownership, ZI
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.