SailPoint (SAIL) General Counsel Christopher Schmitt receives 358,306-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SailPoint, Inc. General Counsel and Secretary Christopher Schmitt reported an acquisition of company common stock through an equity grant. On the reported date, he received 358,306 shares of common stock at a stated price of $0.00 per share, characterized as a grant or award rather than an open-market purchase.
Following this award, Schmitt’s directly held ownership increased to 1,401,625 shares of SailPoint common stock. The transaction is classified as a non-derivative equity award, indicating direct ownership of the underlying common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmitt Christopher
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 358,306 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,401,625 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did SailPoint (SAIL) report for Christopher Schmitt?
SailPoint reported that Christopher Schmitt, its General Counsel and Secretary, acquired 358,306 shares of common stock. This was recorded as a grant or award, not an open-market purchase, and increased his directly held ownership stake in the company.
What role does Christopher Schmitt hold at SailPoint (SAIL) in this insider filing?
In this insider transaction, Christopher Schmitt is identified as SailPoint’s General Counsel and Secretary. His officer status helps explain why he received a large grant or award of common stock as part of his overall compensation structure.