TTGT Insider Update: 7,865 RSUs Vest; CTO Holdings Increase to 29,696
Rhea-AI Filing Summary
TechTarget, Inc. insider Sean Paul Tierney, the company's Chief Technology Officer, had 7,865 restricted stock units (RSUs) settle on the transaction date noted in the filing. Each RSU converts to one share on vesting, and the settled shares were issued at $0 as the result of scheduled vesting.
Following this settlement, the reporting person beneficially owns 29,696 shares of TechTarget common stock. The underlying award was granted on August 13, 2024, with one-third of the RSUs vesting on August 13, 2025 and the remaining one-third scheduled to vest on August 13, 2026 and August 13, 2027.
Positive
- 7,865 RSUs settled into common shares, increasing the reporting person's stake.
- Beneficial ownership rose to 29,696 shares, reflecting vested compensation rather than market purchases.
Negative
- None.
Insights
TL;DR Routine RSU settlement increased insider ownership by 7,865 shares; no cash consideration was paid.
The transaction is a scheduled vesting of equity compensation rather than an open-market trade or a new issuance for capital raising. The settlement added 7,865 shares to the reporting person's holdings, bringing total beneficial ownership to 29,696 shares. Because the shares were delivered at $0 under the award terms, there was no cash outlay by the reporting person. For investors, this is a routine compensation event and not a material corporate action.
TL;DR Standard employee equity vesting consistent with typical executive compensation schedules.
The award follows a three-year tranche vesting schedule tied to an August 13, 2024 grant. Vesting schedules like this align executive incentives with multi-year performance and retention. There are no indications in the filing of accelerated vesting, amendments, or sales that would suggest governance concerns. This disclosure meets Section 16 reporting obligations for insider compensation-related transfers.