MongoDB (NASDAQ: MDB) exec logs PSU vesting grants and tax withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. President, Field Operations Cedric Pech reported compensation-related stock activity. On April 1, 2026, he acquired 8,417, 2,660, and 10,794 shares of MongoDB common stock at no cost upon the vesting of performance-based restricted stock units granted in 2023, 2024, and 2025 under the company’s long-term incentive bonus plan and 2016 Equity Incentive Plan. In a separate entry the same day, 2,405 shares were withheld at $244.77 per share to cover tax obligations tied to these vestings and certain prior restricted stock units. After these transactions, Pech directly holds 76,053 MongoDB common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Pech Cedric
Role
President, Field Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,417 | $0.00 | -- |
| Grant/Award | Common Stock | 2,660 | $0.00 | -- |
| Grant/Award | Common Stock | 10,794 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,405 | $244.77 | $589K |
Holdings After Transaction:
Common Stock — 65,004 shares (Direct)
Footnotes (1)
- Represents shares of Common Stock received upon the vesting of a portion of the performance-based restricted stock units ("PSUs") awarded to the Reporting Person on March 24, 2023 under the Issuer's long-term incentive bonus plan and 2016 Equity Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Common Stock of the Issuer. Represents shares of Common Stock received upon the vesting of a portion of the PSUs awarded to the Reporting Person on March 22, 2024 under the Issuer's long-term incentive bonus plan and 2016 Equity Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Common Stock of the Issuer. Represents shares of Common Stock received upon the vesting of a portion of the PSUs awarded to the Reporting Person on March 20, 2025 under the Issuer's long-term incentive bonus plan and 2016 Equity Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Common Stock of the Issuer. Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations for the Reporting Person due upon the vesting of PSUs and certain Restricted Stock Units previously granted to the Reporting Person.
Key Figures
PSU vesting grant 1: 8,417 shares
PSU vesting grant 2: 2,660 shares
PSU vesting grant 3: 10,794 shares
+3 more
6 metrics
PSU vesting grant 1
8,417 shares
Common stock from performance-based RSUs vested on April 1, 2026
PSU vesting grant 2
2,660 shares
Additional common stock from PSUs vested on April 1, 2026
PSU vesting grant 3
10,794 shares
Common stock from 2025 PSU award vested on April 1, 2026
Tax withholding shares
2,405 shares
Shares withheld to satisfy tax obligations at $244.77 per share
Tax withholding price
$244.77/share
Value used for shares withheld for taxes on April 1, 2026
Shares held after transactions
76,053 shares
Total MongoDB common stock directly owned after reported Form 4 events
Key Terms
performance-based restricted stock units, PSUs, long-term incentive bonus plan, 2016 Equity Incentive Plan, +1 more
5 terms
performance-based restricted stock units financial
"Represents shares of Common Stock received upon the vesting of a portion of the performance-based restricted stock units ("PSUs") awarded"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
PSUs financial
"Each PSU represents the contingent right to receive one share of Common Stock of the Issuer."
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
long-term incentive bonus plan financial
"awarded to the Reporting Person on March 24, 2023 under the Issuer's long-term incentive bonus plan and 2016 Equity Incentive Plan"
2016 Equity Incentive Plan financial
"under the Issuer's long-term incentive bonus plan and 2016 Equity Incentive Plan, which vested based on the Issuer's satisfaction"
tax withholding obligations financial
"shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations for the Reporting Person due upon the vesting"
FAQ
What insider transactions did Cedric Pech report for MongoDB (MDB)?
Cedric Pech reported the vesting of performance-based stock awards and related tax withholding. He acquired 8,417, 2,660, and 10,794 MongoDB common shares at no cost, while 2,405 shares were withheld to satisfy tax obligations linked to these and certain prior equity awards.
Were Cedric Pech’s MongoDB (MDB) Form 4 transactions open-market buys or sells?
The Form 4 shows no open-market buying or selling. All entries are equity compensation events: performance-based restricted stock units vesting as share grants and a tax-withholding disposition, where 2,405 shares were withheld by MongoDB to cover Pech’s tax obligations on the vesting.
What are performance-based restricted stock units (PSUs) in MongoDB’s compensation plans?
MongoDB’s performance-based restricted stock units are awards that convert into common shares only if specific performance criteria are met. Each PSU represents a contingent right to receive one share of common stock and, in Cedric Pech’s case, vested under the long-term incentive bonus and 2016 Equity Incentive plans.