Schwarzbach David A 4
4 · YELP INC · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Yelp CFO David Schwarzbach Receives 102,702 RSUs
What Happened
David A. Schwarzbach, Chief Financial Officer of Yelp Inc. (YELP), was granted a total of 102,702 restricted stock units (RSUs) on February 3, 2026. The grants break down as 75,788 time‑based RSUs and 26,914 performance‑based RSUs; both were reported as acquisitions at $0.00 per share (standard for RSU awards). These are compensation awards rather than open‑market purchases or sales.
Key Details
- Transaction date: February 3, 2026 (reported on Form 4 filed Feb 5, 2026). Filing appears timely.
- Awards: 75,788 RSUs (time‑based) and 26,914 RSUs (performance‑based) acquired at $0.00.
- Vesting: Time‑based RSUs vest in equal quarterly installments over four years from the grant date (footnote F1).
- Performance RSUs: Originally granted Jan 25, 2023 with a target of 34,167 shares (0–200% payout); performance criteria were met on Feb 3, 2026, making 26,914 shares eligible to vest on Feb 20, 2026, subject to continued service (footnote F2).
- Shares owned after the transaction and any tax withholding are not specified in the filing.
- Transaction code: A = Award/Grant.
Context
RSU grants are a form of executive compensation and do not represent an immediate cash buy or sale of stock; value is realized as units vest (and typically convert to shares or are sold to cover taxes). The performance RSUs becoming eligible to vest reflects achievement of pre‑set goals but still require the CFO’s continued service for the actual vesting date (Feb 20, 2026). These awards should be viewed as routine compensation disclosure rather than a direct market signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-03+75,788→ 203,415 total - Award
Common Stock
[F2]2026-02-03+26,914→ 230,329 total
Footnotes (2)
- [F1]Represents the grant of restricted stock units that vest in equal quarterly installments over four years from the date of grant.
- [F2]On January 25, 2023, the Reporting Person was granted performance-based restricted stock units covering 34,167 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of performance goals. On February 3, 2026, the performance criteria were met, resulting in 26,914 shares becoming eligible to vest on February 20, 2026, subject to the Reporting Person's continued service with the Issuer.