Form 4: ZoomInfo Technologies Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Ashley McGrane, General Counsel and Corporate Secretary of ZoomInfo Technologies Inc., reports the vesting and subsequent sale of restricted stock units to cover tax liabilities.
Summary
- On April 1, 2025, Ashley McGrane, General Counsel and Corporate Secretary of ZoomInfo Technologies Inc., executed transactions involving restricted stock units (RSUs) and common stock.
- McGrane acquired shares of common stock through the vesting of RSUs, and then disposed of a portion of those shares to cover tax liabilities.
- The transactions involved multiple RSU grants from March 2023, October 2023, March 2024 and July 2024, each with different vesting schedules.
- A total of 21,468 restricted stock units vested and converted into common stock.
- 6,303 shares were disposed of to cover tax obligations at a price of $10 per share.
- Following these transactions, McGrane directly owns 23,462 shares of ZoomInfo Technologies Inc. common stock and 53,610 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Future Outlook
The remaining restricted stock units will continue to vest in quarterly installments according to the original grant schedules.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| March 23, 2023 | Original grant date of restricted stock units that vest in equal quarterly installments during the 27 months following January 1, 2025. |
| October 25, 2023 | Original grant date of restricted stock units that vest in equal quarterly installments during the 33 months following January 1, 2025. |
| March 26, 2024 | Original grant date of 8,824 restricted stock units that vest as follows: (a) 25% on April 1, 2025; and (b) the remainder of the award in equal quarterly installments during the 36 months following April 1, 2025. |
| July 24, 2024 | Original grant date of 71,480 restricted stock units that vest as follows: (a) 25% on April 1, 2025; and (b) the remainder of the award in equal quarterly installments during the 36 months following April 1, 2025. |
| January 1, 2025 | Date from which certain restricted stock units begin to vest in quarterly installments. |
| April 1, 2025 | Date of the reported transactions involving the vesting of restricted stock units and the disposition of shares for tax liabilities. |
| April 3, 2025 | Date of the Form 4 filing. |
Keywords
Form 4, ZoomInfo Technologies Inc., Ashley McGrane, Restricted Stock Units, Common Stock, Beneficial Ownership, Insider Trading
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