DocuSign (DOCU) grants sizable PSU and RSU packages to CRO Paula Hansen
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hansen Paula reported acquisition or exercise transactions in this Form 4 filing.
DOCUSIGN, INC. reported that Chief Revenue Officer Paula Hansen received equity awards consisting of 44,600 performance stock units in two separate grants and 89,200 restricted stock units on July 9, 2026. The RSUs vest in equal quarterly installments over three years starting May 10, 2026. The PSUs vest based on subscription revenue and free cash flow goals over a three-year FY29 Financial Performance Period, with any earned PSUs vesting on June 10, 2029 and capped at 200% of target.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hansen Paula
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 89,200 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 44,600 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 44,600 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 89,200 shares (Direct, null);
Performance Stock Units — 44,600 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026, in each case subject to the Reporting Person being a service provider through such date. The RSUs do not expire; they either vest or are canceled prior to vesting date. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial Performance Period. The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions. PSUs do not expire; they either vest or are canceled prior to the vest date. The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.
Key Figures
Performance Stock Units grant 1: 44,600 units
Performance Stock Units grant 2: 44,600 units
Restricted Stock Units granted: 89,200 units
+3 more
6 metrics
Performance Stock Units grant 1
44,600 units
Grant of performance stock units on July 9, 2026, to Paula Hansen
Performance Stock Units grant 2
44,600 units
Second grant of performance stock units on July 9, 2026, to Paula Hansen
Restricted Stock Units granted
89,200 units
Grant of restricted stock units on July 9, 2026, to Paula Hansen
RSU vesting schedule
3 years
RSUs vest in equal quarterly installments over three years from May 10, 2026
PSU performance period end
June 10, 2029
Date when 100% of any achieved PSUs will vest
PSU vesting cap
200%
Maximum percentage of target PSUs that may vest for each PSU type
Key Terms
Performance Stock Units, Restricted Stock Units, free cash flow, subscription revenue, +1 more
5 terms
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
free cash flow financial
"The PSUs will vest depending on the Issuer's achievement of free cash flow goals"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
subscription revenue financial
"The PSUs will vest depending on the Issuer's achievement of subscription revenue goals"
Payments a company receives on a regular schedule from customers who pay to access a product or service over time, like a magazine or gym membership fee. Investors care because these recurring payments create more predictable sales and cash flow, make future revenue easier to forecast, and indicate customer loyalty; changes in subscription growth or churn can quickly affect a company’s valuation and financial health.
FY29 Financial Performance Period financial
"over a three-year performance period (the "FY29 Financial Performance Period")"
FAQ
What equity awards did DOCU grant to Chief Revenue Officer Paula Hansen?
DOCU granted Paula Hansen 44,600 performance stock units in two grants and 89,200 restricted stock units. These awards are equity-based compensation tied to DOCUSIGN, INC. common stock and future performance or service conditions.
How do Paula Hansen’s DOCU restricted stock units vest?
Hansen’s 89,200 DOCU restricted stock units vest in equal quarterly installments over three years, starting from a vesting commencement date of May 10, 2026, contingent on her continued service through each vesting date.
What performance conditions apply to Paula Hansen’s DOCU performance stock units?
The performance stock units vest based on DOCUSIGN’s subscription revenue and free cash flow goals over the three-year FY29 Financial Performance Period, with goals set at the start of each 12‑month period within that timeframe.
When could Paula Hansen’s DOCU performance stock units vest?
Any performance stock units earned by Paula Hansen will vest on June 10, 2029, subject to DOCUSIGN meeting specified subscription revenue and free cash flow goals and her continued service, with limited exceptions.
What is the maximum number of DOCU PSUs that can vest for Paula Hansen?
For both subscription revenue-based and free cash flow-based performance stock units, the maximum that may vest is capped at 200% of the target number of PSUs, depending on DOCUSIGN’s achievement of FY29 performance goals.
Do Paula Hansen’s RSUs and PSUs at DOCU have expiration dates?
The RSUs and PSUs do not expire in the traditional sense; they either vest according to their schedules and performance goals or are canceled if conditions are not met before the relevant vesting dates.