Form 4: ZoomInfo CFO Peter Hyzer Reports Stock Transactions
SEC Form 4 Filing
Peter Cameron Hyzer, CFO of ZoomInfo Technologies Inc., reports the vesting and subsequent tax withholding of restricted stock units and HSKB Phantom Units, resulting in adjustments to his beneficial ownership of common stock.
Summary
- On September 1, 2024, Peter Cameron Hyzer, the CFO of ZoomInfo Technologies Inc., engaged in transactions involving the company's stock.
- These transactions included the vesting of 8,571 restricted stock units and 688 HSKB Phantom Units, which converted into common stock.
- A portion of the shares were withheld to cover the reporting person's tax liability, specifically 3,423 shares for restricted stock units and 275 shares for HSKB Phantom Units, both at a price of $9.89.
- Following these transactions, Hyzer's directly held beneficial ownership of ZoomInfo common stock is 1,323,443 shares.
- He also holds 51,427 restricted stock units and 5,505 HSKB Phantom Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherently positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's transactions related to vested equity compensation.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of ZoomInfo.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | 25% of the original grant of 137,137 restricted stock units vested. |
| 09/01/2023 | 25% of HSKB Phantom Units vested. |
| 09/01/2024 | Transactions reported: Vesting of restricted stock units and HSKB Phantom Units, tax withholding. |
| 09/04/2024 | Date of Form 4 filing. |
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