Datadog (DDOG) grants 28,625 RSUs to general counsel Kerry Acocella
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acocella Kerry reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. reported that its General Counsel and Secretary, Kerry Acocella, received a grant of 28,625 shares of Class A Common Stock in the form of restricted stock units (RSUs) at no purchase price. Following this award, Acocella directly holds 154,346 shares.
The footnote explains that each RSU represents the right to receive one share of Class A Common Stock. The RSUs vest as to 12/48 of the shares on March 1, 2027, with the remaining shares vesting in 12 equal installments on each June 1, September 1, December 1 and March 1 thereafter, as long as Acocella remains in Continuous Service under Datadog’s 2019 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Acocella Kerry
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 28,625 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 154,346 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 28,625 RSUs
Grant price per share: $0.00 per share
Post-grant holdings: 154,346 shares
+1 more
4 metrics
RSU grant size
28,625 RSUs
Award of Class A Common Stock RSUs to General Counsel
Grant price per share
$0.00 per share
RSU award, non-cash compensation
Post-grant holdings
154,346 shares
Total Class A Common Stock held directly after award
Initial vesting fraction
12/48 of RSUs
Vests on March 1, 2027, subject to Continuous Service
Key Terms
restricted stock units ("RSUs"), Continuous Service, 2019 Equity Incentive Plan
3 terms
restricted stock units ("RSUs") financial
"Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Continuous Service financial
"subject to the Reporting Person remaining in Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan)"
2019 Equity Incentive Plan financial
"Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer as of each such date."
FAQ
What insider transaction did Datadog (DDOG) report for Kerry Acocella?
Datadog reported that General Counsel Kerry Acocella received 28,625 restricted stock units (RSUs) of Class A Common Stock as a share-based award. Each RSU represents one future share, increasing her direct holdings to 154,346 shares after the grant, subject to the vesting schedule.
How many Datadog RSUs were granted to Kerry Acocella and at what price?
Kerry Acocella was granted 28,625 RSUs of Datadog Class A Common Stock at a price of $0.00 per share. This reflects a compensation award rather than an open-market purchase, with shares delivered over time as vesting conditions are met under the equity plan.
What is the vesting schedule for Kerry Acocella’s 28,625 Datadog RSUs?
The RSUs vest as to 12/48 of the shares on March 1, 2027, with the remaining portion vesting in 12 equal installments on each June 1, September 1, December 1 and March 1 thereafter. Vesting requires Acocella to remain in Continuous Service with Datadog.
What does the Continuous Service requirement mean for Datadog’s RSU grant to Acocella?
The grant requires Kerry Acocella to remain in Continuous Service, as defined in Datadog’s 2019 Equity Incentive Plan, for shares to vest. If she stops providing qualifying service before specific vesting dates, unvested RSUs tied to those dates would not convert into Class A shares.