[Form 3] GUIDEWIRE SOFTWARE, INC. Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Peterson David Franklin
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 3,199 shares (Direct);
Common Stock — 11,953 shares (Direct)
Footnotes (1)
- PSUs cliff vest at the end of the three-year performance period based on the average performance of the three one-year performance periods. One-year financial targets for each of the three performance measurement periods are set up front at the time of the grant. At the end of Year 1, as to 50% of this PSU award (Part 1), the Compensation Committee of the Board of Directors determined, on 9/15/2023, that 101.8% of the performance conditions against the FY23 ARR targets were met resulting in an increase of 36 PSUs earned by the Reporting Person in addition to the original grant amount of 4,130. 33% of Part 1 vested immediately thereafter. 33% of Part 1 vested at the end of Year 2 (9/15/2024), and 33% of Part 1 will vest at the end of Year 3 (9/15/2025). At the end of Year 3 (9/15/2025), 50% of the PSU award (Part 2) will be determined based on performance against the FY25 ARR targets.
