DoubleVerify CLO reports 27K-share award vesting
DoubleVerify’s Chief Legal Officer had RSUs and PSUs vest into common stock, with some shares withheld to cover taxes and no Rule 10b5-1 trading plan involved.
Rhea-AI Filing Summary
DoubleVerify Holdings, Inc. (DV) reported that Chief Legal Officer Andrew E. Grimmig had multiple equity awards vest on September 15, 2026. Restricted Stock Units and Performance Stock Units converted into shares of common stock on a one-for-one basis, and a portion of those shares was withheld to satisfy associated tax withholding obligations, with no Rule 10b5-1 plan reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,029 shares exercised/converted
Exercise
18 txns
Insider
Grimmig Andrew E
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F9, F1 | 12,188 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F10, F3 | 4,041 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F9, F5 | 5,073 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F10, F6 | 843 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F9, F7 | 2,384 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F9, F8 | 2,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 12,188 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 5,497 | $13.50 | $74K |
| Exercise | Common Stock F3 | 4,041 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 1,823 | $13.50 | $25K |
| Exercise | Common Stock F5 | 5,073 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 2,288 | $13.50 | $31K |
| Exercise | Common Stock F6 | 843 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 381 | $13.50 | $5K |
| Exercise | Common Stock F7 | 2,384 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,076 | $13.50 | $15K |
| Exercise | Common Stock F8 | 2,500 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,128 | $13.50 | $15K |
Holdings After Transaction:
Restricted Stock Units — 169,758 contracts (Direct);
Performance Stock Units — 21,042 contracts (Direct);
Common Stock — 184,554 shares (Direct)
Footnotes (10)
- F1. Each restricted stock unit was granted on March 12, 2026. 8.33% of the restricted stock units vested and were settled on March 15, 2026 (the "2026 Vesting Date"), and the remainder of the restricted stock units vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- F2. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- F3. Each performance stock unit was granted on March 13, 2025. 41.67% of the earned shares vested and were settled on the 2026 Vesting Date, and the remainder of the earned shares vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- F4. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of performance stock units.
- F5. Each restricted stock unit was granted on March 13, 2025. 6.25% of the restricted stock units vested and were settled on March 15, 2025 (the "2025 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2025 Vesting Date.
- F6. Each performance stock unit was granted on December 19, 2023. 41.67% of the earned shares vested and were settled on the 2025 Vesting Date, and the remainder of the earned shares vest and settle at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date.
- F7. Each restricted stock unit was granted on December 19, 2023. 6.25% of the restricted stock units vested and were settled on March 15, 2024 (the "2024 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2024 Vesting Date.
- F8. Each restricted stock unit was granted on December 12, 2022. 6.25% of the restricted stock units vested and were settled on March 15, 2023 (the "2023 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.
- F9. Restricted stock units convert into common stock on a one-for-one basis.
- F10. Performance stock units convert into common stock on a one-for-one basis.
Key Figures
Common shares from RSU vesting: 12,188 shares
Common shares from PSU vesting: 4,041 shares
Additional RSU-derived common shares: 5,073 shares
+5 more
8 metrics
Common shares from RSU vesting
12,188 shares
Common stock acquired on September 15, 2026 from vested Restricted Stock Units
Common shares from PSU vesting
4,041 shares
Common stock acquired on September 15, 2026 from vested Performance Stock Units
Additional RSU-derived common shares
5,073 shares
Common stock acquired on September 15, 2026 from another RSU grant
Tax-withheld shares (RSUs)
5,497 shares
Common stock withheld on September 15, 2026 to satisfy tax withholding on RSU vesting
Tax-withheld shares (PSUs)
1,823 shares
Common stock withheld on September 15, 2026 to satisfy tax withholding on PSU vesting
Per-share value for tax withholding
$13.50 per share
Price used for several tax-withholding dispositions of common stock on September 15, 2026
Derivative exercises
27,029 shares
Total shares underlying derivative exercises (code M) reported in the transaction summary
Shares used for tax withholding
12,193 shares
Total shares delivered or withheld for tax withholding obligations per transaction summary
Key Terms
Restricted Stock Units, Performance Stock Units, tax withholding obligations, Rule 10b5-1
4 terms
Restricted Stock Units financial
"Each restricted stock unit was granted on March 12, 2026."
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 was granted on March 13, 2025."
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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations"
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is not selected in this Form 4."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DV disclose about Andrew Grimmig’s equity awards on this Form 4?
DV disclosed that Chief Legal Officer Andrew E. Grimmig had multiple Restricted Stock Units and Performance Stock Units vest and convert into shares of common stock on September 15, 2026, with some of the resulting shares withheld to satisfy tax withholding obligations.
Were Andrew Grimmig’s DV transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, and there is no footnote stating that Andrew E. Grimmig’s September 15, 2026 equity award vesting and related tax-withholding transactions were made under a Rule 10b5-1 trading plan.
What do the footnotes say about DV’s RSU and PSU conversion terms?
Footnotes state that DV Restricted Stock Units and Performance Stock Units convert into common stock on a one-for-one basis, with specified grant dates and quarterly vesting schedules tied to defined vesting dates such as March 15, 2025, 2024, and 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
