Mendal Jayme 4
Research Summary
AI-generated summary
EverQuote (EVER) CEO Mendal Jayme Receives 121,108-Share Award
What Happened
Mendal Jayme, EverQuote’s CEO, President and a director, was granted 121,108 restricted stock units (RSUs) on February 24, 2026 (reported on Form 4). The RSUs were issued at $0.00 per share (i.e., no cash paid). Concurrently, 14,639 shares were disposed/withheld to satisfy tax withholding obligations at $15.50 per share, a withholding value of $226,905.
Key Details
- Transaction dates: February 24, 2026 (reported February 26, 2026).
- Grant: 121,108 RSUs (code A) granted at $0.00 per share.
- Tax withholding: 14,639 shares withheld/disposed (code F) at $15.50 each, totaling $226,905.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: The 121,108 award consists of RSUs that vest in equal quarterly installments over four years with a one‑year cliff.
- F2: Some shares reflect satisfaction of performance criteria tied to performance share units (PSUs).
- F3: The 14,639 shares were withheld by the company to satisfy tax obligations based on the closing price on Feb 24, 2026 (net issuance approach).
- Timeliness: Filing was submitted two days after the transaction (appears timely under Form 4 rules).
Context
- This was an equity award (compensation) vesting event, not an open‑market buy or sell. The share withholding to cover taxes is a common administrative action and does not necessarily signal a personal decision to sell shares on the market.
- Codes: A = award/grant; F = shares withheld to satisfy tax obligations.