Form 4: ZoomInfo Technologies Inc. Executive McGrane Reports Stock Transactions
SEC Form 4 Filing
Ashley McGrane, General Counsel and Corporate Secretary of ZoomInfo Technologies Inc., reports the acquisition and disposal of common stock and derivative securities on March 1, 2025, according to a Form 4 filing.
Summary
- On March 1, 2025, Ashley McGrane, General Counsel and Corporate Secretary of ZoomInfo Technologies Inc., filed a Form 4 detailing changes in beneficial ownership.
- The transactions involved the vesting of restricted stock units and HSKB Phantom Units, which settled into shares of common stock.
- McGrane acquired 959 shares and 207 shares of common stock from restricted stock units, and 152 shares from HSKB Phantom Units.
- A total of 343 shares and 45 shares were withheld to cover tax liabilities related to the vesting of restricted stock units and HSKB Phantom Units, respectively, at a price of $11.66.
- Following these transactions, McGrane directly owns 8,295 shares of common stock and derivative securities including 1,918 Restricted Stock Units and 456 HSKB Phantom Units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine insider transactions related to compensation. There are no indications of unusual or concerning activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice across publicly traded companies, with firms like Salesforce, Oracle, and Microsoft also regularly disclosing such activities through Form 4 filings.
- The vesting schedules and equity compensation plans at ZoomInfo are likely structured similarly to those of its peers in the tech industry, aiming to align executive incentives with long-term company performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees holding similar equity grants may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 09/01/2021 | Original grant date of restricted stock units that vest in equal quarterly installments during the 9 months following December 1, 2024. |
| 12/01/2021 | Original grant date of HSKB Phantom Units that vest in equal quarterly installments during the 12 months following December 1, 2024. |
| 09/01/2022 | Original grant date of restricted stock units that vest in equal quarterly installments during the 21 months following December 1, 2024. |
| 12/01/2024 | Vesting start date for restricted stock units granted on September 1, 2021. |
| 12/01/2024 | Vesting start date for HSKB Phantom Units granted on December 1, 2021. |
| 12/01/2024 | Vesting start date for restricted stock units granted on September 1, 2022. |
| 03/01/2025 | Date of transactions involving common stock, restricted stock units, and HSKB Phantom Units. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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