Form 4: ZoomInfo Interim CFO Michael O'Brien Reports Stock Transactions
SEC Form 4 Filing
Interim CFO of ZoomInfo Technologies, Michael O'Brien, reports the vesting and subsequent sale of shares to cover tax liabilities.
Summary
- Michael O'Brien, Interim CFO of ZoomInfo Technologies Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2025, O'Brien vested 1,542 HSKB Phantom Units, which converted into common stock.
- Additionally, 3,469 restricted stock units vested and converted into common stock on the same date.
- Shares were withheld to cover tax liabilities associated with the vesting of both the HSKB Phantom Units (514 shares at $8.56) and the restricted stock units (1,156 shares at $8.56).
- Following these transactions, O'Brien directly owns 47,220 shares of ZoomInfo Technologies Inc. common stock and 9,250 HSKB Phantom Units and 34,688 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherently positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, particularly in the technology sector, to incentivize and retain key employees.
- Companies like Salesforce, HubSpot, and Oracle also utilize restricted stock units and similar equity-based compensation plans for their executives.
- The vesting schedules and terms of these grants are generally aligned with industry standards to ensure long-term commitment and performance.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
- Employees who hold similar equity grants may be interested in the vesting terms and tax implications.
Key Dates
| Date | Description |
|---|---|
| 12/01/2023 | Original grant date of HSKB Phantom Units. |
| 12/29/2023 | Original grant date of restricted stock units. |
| 11/01/2024 | Vesting start date for HSKB Phantom Units (equal quarterly installments over 24 months). |
| 11/01/2024 | Vesting start date for restricted stock units (equal quarterly installments over 36 months). |
| 05/01/2025 | Date of reported transactions: vesting of HSKB Phantom Units and restricted stock units, and withholding of shares for tax liabilities. |
| 05/05/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, ZoomInfo Technologies, ZI, Michael O'Brien, Interim CFO, Stock Vesting, Restricted Stock Units, HSKB Phantom Units, Tax Withholding
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