PagerDuty (NYSE: PD) CEO awarded 530,035 RSUs as 69,062 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PagerDuty, Inc. Chief Executive Officer Jennifer Tejada reported compensation-related stock activity in Common Stock. On this date, 69,062 shares were automatically withheld at $6.40 per share to cover tax obligations triggered by the vesting and settlement of restricted stock units. She also received a grant of 530,035 restricted stock units under PagerDuty’s 2019 Employee Incentive Plan, with each unit representing one share of Common Stock and vesting in equal twelfths on each quarterly anniversary of the grant, subject to continued service. Following these transactions, Tejada directly holds 1,749,461 shares of Common Stock, along with additional indirect holdings through several personal trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Tejada Jennifer
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 69,062 | $6.40 | $442K |
| Grant/Award | Common Stock | 530,035 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,219,426 shares (Direct);
Common Stock — 171,870 shares (Indirect, By Jennifer Tejada, as Trustee of the Langford Island Trust)
Footnotes (1)
- Represents shares automatically withheld by the Issuer to satisfy a tax obligation realized by the reporting person upon the vesting and settlement of restricted stock units. A portion of these shares represent restricted stock units. Represents 530,035 restricted stock units acquired pursuant to the Issuer's 2019 Employee Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. 1/12th of the total number of shares underlying the restricted stock unit award shall vest on each quarterly anniversary from the date of grant thereafter, subject to continuous service to the Issuer on such date.
Key Figures
Tax-withheld shares: 69,062 shares
Tax-withholding price: $6.40 per share
New RSU grant: 530,035 RSUs
+5 more
8 metrics
Tax-withheld shares
69,062 shares
Common Stock withheld to satisfy tax obligation at vesting
Tax-withholding price
$6.40 per share
Value used for 69,062 withheld shares
New RSU grant
530,035 RSUs
Restricted stock units granted under 2019 Employee Incentive Plan
Direct holdings after grant
1,749,461 shares
PagerDuty Common Stock directly owned after reported transactions
Langford Island Trust holdings
171,870 shares
Indirect Common Stock holding with Tejada as trustee
Tejada 2024 GRAT I holdings
4,456 shares
Indirect Common Stock via 2024 Grantor Retained Annuity Trust I
Tejada 2024 GRAT III holdings
11,527 shares
Indirect Common Stock via 2024 Grantor Retained Annuity Trust III
Tejada 2025 GRAT I holdings
31,368 shares
Indirect Common Stock via 2025 Grantor Retained Annuity Trust I
Key Terms
restricted stock units, 2019 Employee Incentive Plan, tax obligation, Grantor Retained Annuity Trust, +1 more
5 terms
restricted stock units financial
"Represents 530,035 restricted stock units acquired pursuant to the Issuer's 2019 Employee Incentive Plan."
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.
2019 Employee Incentive Plan financial
"restricted stock units acquired pursuant to the Issuer's 2019 Employee Incentive Plan."
tax obligation financial
"shares automatically withheld by the Issuer to satisfy a tax obligation realized by the reporting person"
Grantor Retained Annuity Trust financial
"Tejada 2024 Grantor Retained Annuity Trust - I"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
trustee financial
"By Jennifer Tejada, as Trustee of the Langford Island Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did PagerDuty (PD) CEO Jennifer Tejada report in this Form 4?
Jennifer Tejada reported compensation-related stock activity. PagerDuty withheld 69,062 shares to cover tax obligations from RSU vesting and granted her 530,035 new restricted stock units, increasing her direct ownership to 1,749,461 Common Stock shares plus additional indirect trust holdings.
What is the size and vesting schedule of Jennifer Tejada’s new RSU grant at PagerDuty (PD)?
Jennifer Tejada received 530,035 restricted stock units under PagerDuty’s 2019 Employee Incentive Plan. Each RSU equals one share of Common Stock. One-twelfth of the total grant vests on each quarterly anniversary of the grant date, contingent on her continued service with the company.
Are Jennifer Tejada’s PagerDuty (PD) Form 4 transactions open-market buys or sells?
No open-market trades were reported. The 69,062 shares represent automatic tax-withholding, not a discretionary sale, and the 530,035-share grant is a restricted stock unit award with a zero-dollar grant price, reflecting equity compensation instead of a market purchase or sale.