TechTarget Director Issued 750 Shares Under 2024 Incentive Plan
Rhea-AI Filing Summary
TechTarget, Inc. (TTGT) director Michael Sean Griffey reported receipt of 750 shares of common stock on 08/14/2025 as a non-derivative acquisition. The shares were issued under the TechTarget, Inc. 2024 Incentive Plan pursuant to the 2025 Non-Employee Director Compensation Plan and represent meeting fees for the first six months of 2025. The number of shares was calculated by dividing the payable compensation by the Nasdaq closing price of TechTarget common stock on 08/14/2025. After the transaction Griffey beneficially owned 150,008 shares. The transaction was reported on Form 4 and signed by an attorney-in-fact.
Positive
- Equity-based director compensation aligns non-employee director incentives with shareholders by issuing shares under the 2024 Incentive Plan
- Timely and compliant disclosure filed on Form 4 with execution documented by attorney-in-fact
Negative
- None.
Insights
TL;DR: Routine director compensation issued as stock aligns pay with shareholder interests without indicating unusual insider activity.
The 750-share issuance is a standard non-employee director equity award reflecting meeting fees converted to shares under the company’s incentive plan. This method reduces cash payouts and modestly increases the director’s equity stake to 150,008 shares in total. The filing shows proper use of the 2024 Incentive Plan and timely disclosure via Form 4, with execution documented by an attorney-in-fact.
TL;DR: Small equity issuance to a director; transaction size is immaterial to company capitalization and valuation.
The acquisition of 750 shares at an effective price of $6 per share is a minor grant relative to total reported holdings. It represents compensation for director services rather than a market-driven insider purchase or sale. The disclosure is routine and compliant with Section 16 reporting requirements.