SailPoint CEO awarded 1.50M-share stock grant
McClain Mark D. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
McClain Mark D. reported acquisition or exercise transactions in this Form 4 filing.
SailPoint, Inc. Chief Executive Officer Mark D. McClain reported an equity award of 1,498,371 shares of common stock on a Form 4. The award was recorded at a price of $0.00 per share and increased his directly held stake to 8,532,788 shares of common stock.
He is also listed as holding shares indirectly through the McClain GMM 2015 Trust and the Paul N. McClain Gift Trust, which together reported 69,339 shares after the transactions. The filing notes he may be deemed to beneficially own these trust shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,498,371 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The Reporting Person is a trustee for each of McClain GMM 2015 Trust and Paul N. McClain Gift Trust (together, the "Trusts"). The beneficiary of each of the Trusts is an immediate family member of the Reporting Person. As such, the Reporting Person may be deemed to beneficially own all of the shares held by the Trusts; however, the Reporting Person disclaims beneficial ownership of the shares held by the Trusts except to the extent of his pecuniary interest therein.
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What insider transaction did SailPoint (SAIL) report for CEO Mark D. McClain?
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