Form 4: Zuora CFO Todd McElhatton Reports Stock Transactions
SEC Form 4 Filing
Zuora's Chief Financial Officer, Todd McElhatton, reported the acquisition of shares through vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On December 31, 2024, Todd McElhatton, CFO of Zuora, Inc., acquired shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- A total of 97,132 shares were acquired through RSU vesting.
- On January 2, 2025, McElhatton sold 50,373 shares of Class A Common Stock at a weighted average price of $9.9277 per share.
- The sale was to cover tax liabilities associated with the vesting of the RSUs under the company's 2018 Equity Incentive Plan.
- Following these transactions, McElhatton directly owns 404,634 shares of Class A Common Stock and a number of RSUs.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to equity compensation. It's neutral from an investment perspective.
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 minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of RSU vesting and acquisition of Class A Common Stock. |
| 01/02/2025 | Date of sale of Class A Common Stock to cover tax liabilities. |
| 01/03/2025 | Date of signature of the Form 4 filing. |
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