DoubleVerify (DV) CLO earns 48,485 performance stock units after performance test
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoubleVerify Holdings, Inc. Chief Legal Officer Andrew E. Grimmig reported an acquisition of 48,485 performance stock units that convert into common stock on a one-for-one basis. These units relate to a performance stock unit grant originally awarded on March 13, 2025.
The award became reportable after the issuer’s Compensation Committee certified the performance conditions on March 10, 2026, at which point 48,485 shares were earned. Of the earned amount, 41.67% will vest and settle on March 15, 2026, with the remaining units vesting at 8.33% on each quarterly anniversary of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grimmig Andrew E
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 48,485 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 48,485 shares (Direct)
Footnotes (1)
- On March 13, 2025, the Reporting Person received a performance stock unit ("PSU") grant of 40,584 units. In light of the performance-based conditions of the award, the award was not reportable under Section 16 until the performance-based conditions were certified by the Issuer's Compensation Committee. Such certification occurred on March 10, 2026, pursuant to which 48,485 shares were earned. 41.67% of the earned shares will vest and settle on March 15, 2026 (the "2026 Vesting Date"), and the remainder of the earned shares will vest at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date. Performance stock units convert into common stock on a one-for-one basis.
FAQ
What insider transaction did DoubleVerify (DV) report for Andrew Grimmig?
DoubleVerify reported that Chief Legal Officer Andrew E. Grimmig acquired 48,485 performance stock units. These units were earned after the company’s Compensation Committee certified performance conditions on March 10, 2026, making the award reportable as a compensation-related equity grant.
When was Andrew Grimmig’s performance stock unit grant originally awarded at DV?
The performance stock unit grant tied to this filing was originally awarded on March 13, 2025. It became reportable only after performance conditions were certified on March 10, 2026, when 48,485 shares were determined to be earned under the award.
What is the vesting schedule for Andrew Grimmig’s earned PSUs at DoubleVerify?
Of the 48,485 earned performance stock units, 41.67% will vest and settle on March 15, 2026. The remaining units will vest at a rate of 8.33% on each quarterly anniversary of that March 15, 2026 vesting date, subject to continued terms.
Do Andrew Grimmig’s performance stock units at DV convert into common stock?
Yes. The filing states that performance stock units convert into DoubleVerify common stock on a one-for-one basis. This means each vested unit becomes one share of common stock as the vesting schedule is satisfied over time.
Is Andrew Grimmig’s Form 4 transaction at DV a market purchase or sale?
No, the Form 4 reflects a grant and earning of 48,485 performance stock units as compensation, not an open-market purchase or sale. The transaction is classified as a grant or award acquisition under Section 16 reporting rules for derivative securities.