PD Form 4: Bonita Stewart Receives Routine 12.4K RSU Grant
Rhea-AI Filing Summary
PagerDuty, Inc. (PD) filed a Form 4 reporting insider activity by non-employee director Bonita C. Stewart. On 06/26/2025 she received 12,416 Restricted Stock Units (RSUs) under the company’s director compensation program. Each RSU converts into one share of common stock upon vesting and carries no exercise price. The award will fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next annual shareholders’ meeting, provided continuous board service. Following this grant, Stewart’s aggregate direct beneficial ownership increased to 47,304 shares, a figure that includes previously granted RSUs. No dispositions, sales, or derivative transactions were reported, and the filing does not indicate any adoption of a Rule 10b5-1 trading plan. The transaction is routine compensation-related and does not, by itself, signal a change in the company’s financial outlook.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU grant adds 12,416 shares to director’s holdings; neutral impact for investors.
The Form 4 discloses a standard equity compensation grant to director Bonita C. Stewart—12,416 RSUs that vest within a year. The grant aligns director incentives with shareholder interests but is immaterial to PagerDuty’s share count and does not involve cash outlay or market purchase. Total post-grant ownership stands at 47,304 shares, a negligible portion of PD’s outstanding float. No insider selling occurred, limiting any negative signal. Overall, the filing is administrative and non-impactful for valuation or liquidity considerations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,416 | $0.00 | -- |
Footnotes (1)
- Represents 12,416 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director compensation policy. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. The shares underlying the Restricted Stock Unit award shall fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders, subject to Directors' continuous service to the Issuer on such date. A portion of these shares represent restricted stock units.