Form 4: ZoomInfo CFO Peter Hyzer Reports Stock Transactions
SEC Form 4 Filing
ZoomInfo's CFO, Peter Cameron Hyzer, reported the vesting and subsequent tax withholding of shares related to restricted stock units and HSKB Phantom Units.
Summary
- On March 1, 2024, Peter Cameron Hyzer, the CFO of ZoomInfo Technologies Inc., reported transactions involving the company's common stock.
- These transactions included the vesting of 8,571 restricted stock units and 688 HSKB Phantom Units.
- A total of 2,137 shares were withheld to cover tax liabilities related to the vesting of restricted stock units at a price of $16.76.
- Additionally, 172 shares were withheld to cover tax liabilities related to the vesting of HSKB Phantom Units at a price of $16.76.
- Following these transactions, Hyzer directly owns 1,256,744 shares of ZoomInfo common stock.
- Hyzer also owns 68,569 restricted stock units and 6,881 HSKB Phantom Units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The remaining restricted stock units and HSKB Phantom Units will continue to vest in equal quarterly installments over the remaining periods, subject to continued service.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units, and phantom stock units to align management's interests with those of shareholders.
- Vesting schedules and tax withholding practices are standard components of these compensation arrangements.
- Companies like Salesforce, HubSpot, and Oracle also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and ownership changes.
- Employees holding similar equity grants may be interested in the vesting schedules and tax implications.
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. |
| 03/01/2024 | Date of the reported transactions, including vesting of restricted stock units and HSKB Phantom Units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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