PagerDuty (PD) CFO awarded 600,000 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prengel Eric Theodore reported acquisition or exercise transactions in this Form 4 filing.
PagerDuty, Inc. reported that Chief Financial Officer Eric Theodore Prengel received a grant of 600,000 shares of Common Stock in the form of restricted stock units under the 2019 Employee Incentive Plan. The RSUs were awarded at a price of $0.00 per unit.
Each restricted stock unit represents a contingent right to receive one share of PagerDuty Common Stock. One sixteenth of the total RSUs will vest on each quarterly anniversary of the grant date, subject to Mr. Prengel’s continuous service. Following this award, he holds 600,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Prengel Eric Theodore
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 600,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 600,000 shares (Direct, null)
Footnotes (1)
- Represents 600,000 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. 1/16th 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. A portion of these shares represent restricted stock units
Key Figures
RSU grant size: 600,000 restricted stock units
Grant price: $0.00 per unit
Post-grant holdings: 600,000 shares
+1 more
4 metrics
RSU grant size
600,000 restricted stock units
Award to CFO on 2026-07-02
Grant price
$0.00 per unit
CFO restricted stock unit award
Post-grant holdings
600,000 shares
Total shares held directly after transaction
Vesting schedule
1/16 each quarter
Quarterly vesting from grant date, subject to continuous service
Key Terms
restricted stock units, 2019 Employee Incentive Plan, contingent right, continuous service
4 terms
restricted stock units financial
"Represents 600,000 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
"Represents 600,000 restricted stock units acquired pursuant to the Issuer's 2019 Employee Incentive Plan."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer."
continuous service financial
"shall vest on each quarterly anniversary from the date of grant thereafter, subject to continuous service to the Issuer on such date."
FAQ
What insider transaction did PagerDuty (PD) disclose in this Form 4?
PagerDuty disclosed that its Chief Financial Officer, Eric Theodore Prengel, received a grant of 600,000 restricted stock units of Common Stock. These RSUs were issued at a price of $0.00 per unit under the company’s 2019 Employee Incentive Plan.
How do the PagerDuty (PD) restricted stock units granted to the CFO vest?
The 600,000 restricted stock units vest in equal installments, with 1/16th of the total vesting on each quarterly anniversary of the grant date. Vesting is conditioned on the CFO’s continuous service to PagerDuty on each applicable vesting date.
What plan governs the CFO’s restricted stock unit award at PagerDuty (PD)?
The restricted stock unit award was granted under PagerDuty’s 2019 Employee Incentive Plan. This plan authorizes equity-based compensation, and in this case provides RSUs that convert into Common Stock if the service-based vesting conditions are met over time.
What is the exercise or purchase price of the PagerDuty (PD) RSUs granted?
The 600,000 restricted stock units were granted at a price of $0.00 per unit. Each unit is a contingent right to receive one share of PagerDuty Common Stock, so no cash payment is required by the CFO upon vesting and settlement.
What are the CFO’s PagerDuty (PD) holdings after this Form 4 transaction?
After the reported grant, the CFO directly holds 600,000 shares of PagerDuty Common Stock associated with this restricted stock unit award. The filing classifies the ownership as direct, and there are no additional derivative positions disclosed in this Form 4.