comScore (SCOR) Insider Increases Stake After RSU Conversion Filing
Rhea-AI Filing Summary
comScore, Inc. (SCOR) filed a Form 4 on 20 June 2025 disclosing an insider transaction by director Martin Edward Patterson. On 17 June 2025, Patterson converted 10,739 Restricted Stock Units (RSUs) into the same number of common shares (transaction code “M”) at a stated price of $0.00. The RSUs were granted on 1 July 2024 under the company’s 2018 Equity and Incentive Compensation Plan as compensation for the 2024-2025 director term. They vested in full at the company’s 2025 annual meeting, held on 17 June 2025.
Post-transaction ownership: Patterson now holds 28,682 common shares, reported as direct (D) ownership. The vested shares are deferred and will not be delivered until he separates from service or a change-in-control event occurs, as stipulated in the award notice.
Key takeaways for investors:
- The filing reflects an equity-for-equity conversion; no open-market purchase or sale of shares occurred.
- Because the RSUs represent previously disclosed compensation, the event is largely administrative and does not directly impact cash flows or the share count beyond what was already anticipated in the equity plan dilution schedule.
- The increase in Patterson’s direct shareholdings may be viewed as a modest alignment of director and shareholder interests, but the 10,739-share addition is immaterial in the context of SCOR’s overall float.
Positive
- Director increased direct share ownership by 10,739 shares, modestly aligning interests with shareholders.
Negative
- None.
Insights
TL;DR: Routine RSU vesting; marginal ownership increase; neutral market impact.
The Form 4 shows Director Patterson taking delivery of previously awarded RSUs, adding 10,739 shares to bring his direct stake to 28,682. No cash outlay or open-market activity occurred, so liquidity and valuation are unaffected. Given SCOR’s share count (>100 million), the incremental ownership is <1 bp, making the event financially immaterial. It does, however, mildly strengthen insider alignment by converting deferred compensation into stock.
TL;DR: Standard equity compensation vesting; governance-neutral.
The filing confirms SCOR’s adherence to its 2018 Equity Plan schedule. Vesting at the annual meeting is typical for outside directors. Shares remain deferred until separation, limiting voting dilution today. No Rule 10b5-1 trading plan was referenced, indicating the director simply accepted stock owed. Governance risk remains unchanged.