Silverman Josh 4
4 · ETSY INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Etsy Executive Chair Josh Silverman Receives 31,677-Share Award
What Happened
- Josh Silverman, Director and Executive Chair of Etsy, received 31,677 shares via performance-based restricted stock units (PSUs) that were certified by the Compensation Committee on March 6, 2026. The filing shows two awards: 9,859 shares and 21,818 shares, each reported as acquired at $0 (derivative award), for a total of 31,677 shares.
- These are awards/earned PSUs (not open-market purchases or sales). The shares are earned based on performance criteria and remain subject to time-based vesting and continued employment.
Key Details
- Transaction date(s): March 6, 2026; Form 4 filed March 10, 2026 (timely under Section 16 rules).
- Reported amounts/prices: 9,859 shares @ $0.00 and 21,818 shares @ $0.00 (derivative awards); total 31,677 shares.
- Vesting / conditions:
- The 9,859 shares represent 25% of a PSU award; those shares will vest in full on April 1, 2026, subject to continuous employment (F3).
- The 21,818 shares represent 75% of a PSU award; they vest in equal installments on April 1, 2026 and April 1, 2027, subject to continued employment (F4).
- Each PSU equals the contingent right to receive one share of common stock (F2, F3, F4).
- Tax withholding: Silverman elected to have Etsy withhold a sufficient number of shares to satisfy tax withholding upon delivery (F1) — withholding is treated as share surrender (F).
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: Filed March 10 for a March 6 certification/award — within the usual two-business-day Form 4 reporting window.
Context
- These were earned, performance-based equity awards becoming reportable upon certification of performance results; they are compensation rather than purchases or sales. Such awards are common executive compensation and do not by themselves indicate buying or selling intent in the open market.
Insider Transaction Report
Form 4
ETSY INCETSY
Silverman Josh
DirectorOther
Transactions
- Award
Performance Stock Unit
[F1][F2][F3]2026-03-06+9,859→ 42,252 total→ Common Stock (9,859 underlying) - Award
Performance Stock Unit
[F1][F2][F4]2026-03-06+21,818→ 21,818 total→ Common Stock (21,818 underlying)
Footnotes (4)
- [F1]The Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
- [F2]Units correspond 1-for-1 with common stock.
- [F3]Represents the number of shares earned under a performance-based restricted stock unit ("PSU") award based on the Issuer's satisfaction of certain performance criteria. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, the shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 6, 2026). The shares will vest in full on April 1, 2026, subject to the Reporting Person remaining continuously employed through the vesting date. The shares reported on this form represent 25% of the total number of shares subject to the PSU award. The remaining 75% of the shares have already been earned based on the performance criteria of the award.
- [F4]Represents the number of shares earned under a performance-based restricted stock unit ("PSU") award based on the Issuer's satisfaction of certain performance criteria. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, the shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 6, 2026). The shares will vest in equal installments on each of April 1, 2026 and April 1, 2027, subject to the Reporting Person remaining continuously employed through each vesting date. The shares reported on this form represent 75% of the total number of shares subject to the PSU award. The remaining 25% of the shares will be earned upon the satisfaction of additional performance criteria.
Signature
/s/ Brittany Keen, Attorney-in-Fact|2026-03-10