DocuSign (NASDAQ: DOCU) awards RSUs and PSUs to Growth President Robert Chatwani
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chatwani Robert reported acquisition or exercise transactions in this Form 4 filing.
DOCUSIGN, INC. reported that President and General Manager, Growth, Robert Chatwani received equity-based compensation on July 9, 2026. The awards include multiple grants of 37,166 Performance Stock Units (PSUs) each and 74,333 Restricted Stock Units (RSUs), all at a price of $0.00 per unit. Each RSU and PSU represents a contingent right to receive one share of common stock, subject to service and performance-based vesting conditions extending through the FY29 performance period.
Positive
- None.
Negative
- None.
Insights
Routine equity grants tie a senior executive’s pay to long-term DOCU performance.
Robert Chatwani, President and General Manager, Growth at DOCUSIGN, INC., received equity awards consisting of 74,333 RSUs and multiple grants of 37,166 PSUs. These are compensation-related awards at $0.00 per unit, not market purchases or sales.
The RSUs vest in equal quarterly installments over three years starting on May 10, 2026, contingent on continued service. The PSUs vest based on subscription revenue and free cash flow performance over the FY29 Financial Performance Period, with a cap at 200% of target awards and any achieved PSUs vesting on June 10, 2029. This structure links a significant portion of compensation to multi-year financial results and retention.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Chatwani Robert
Role
President General Mgr, Growth
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 74,333 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 37,166 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 37,166 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 74,333 shares (Direct, null);
Performance Stock Units — 37,166 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 per grant: 37,166 units
Restricted Stock Units granted: 74,333 units
Grant price per unit: $0.00
+3 more
6 metrics
Performance Stock Units per grant
37,166 units
Number of PSUs granted to Robert Chatwani on July 9, 2026, per award entry
Restricted Stock Units granted
74,333 units
RSUs granted to Robert Chatwani on July 9, 2026
Grant price per unit
$0.00
Stated transaction price per RSU and PSU unit at grant
PSU maximum vesting cap
200%
Maximum number of subscription revenue-based and free cash flow-based PSUs that may vest relative to target
RSU vesting period
3 years
RSUs vest in equal quarterly installments over three years from May 10, 2026
PSU vesting date for achieved awards
June 10, 2029
Date when 100% of any achieved PSUs will vest, subject to continued service
Key Terms
Restricted Stock Units, Performance Stock Units, FY29 Financial Performance Period, free cash flow goals
4 terms
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.
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.
FY29 Financial Performance Period financial
"over a three-year performance period (the "FY29 Financial Performance Period"), with the goals"
free cash flow goals financial
"The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29"
FAQ
What equity awards did DOCU executive Robert Chatwani receive according to this Form 4?
Robert Chatwani received multiple grants of 37,166 Performance Stock Units (PSUs) each and 74,333 Restricted Stock Units (RSUs). Each unit represents a contingent right to receive one share of DocuSign common stock, subject to vesting and performance conditions.
How do the RSUs granted to DOCU’s Robert Chatwani vest?
The 74,333 RSUs vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026. Vesting requires that Robert Chatwani remain a service provider through each scheduled vesting date.
What performance period applies to the PSUs granted to DOCU’s Robert Chatwani?
The PSUs vest based on company performance over the FY29 Financial Performance Period. Subscription revenue and free cash flow goals are set at the beginning of each of the three 12‑month periods within this overall performance window.
What is the maximum vesting potential of the PSUs granted to DOCU’s Robert Chatwani?
The filing states the maximum number of PSUs that may vest for both subscription revenue-based and free cash flow-based awards is capped at 200% of the target number. Any PSUs that achieve these goals will fully vest on June 10, 2029, subject to continued service.
Do the DOCU RSUs and PSUs granted to Robert Chatwani have expiration dates?
The document explains that RSUs and PSUs do not expire. Instead, they either vest according to their service or performance conditions, or are canceled if those conditions are not satisfied before the relevant vesting dates.
Were these DOCU equity awards to Robert Chatwani market purchases or compensation grants?
These transactions are coded as A, described as a grant, award, or other acquisition. The awards are compensation-related RSUs and PSUs at $0.00 per unit, not open-market purchases or sales of DOCU common stock.