DiLullo John D 4

What Happened John D. DiLullo, CEO of PagerDuty, was granted 824,499 restricted stock units (RSUs) on May 11, 2026. The Form 4 records the award as an acquisition (code A) at $0.00 per unit; each RSU is a contingent right to one share of common stock and will convert to shares only as the RSUs vest. This is a standard equity compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (timely filing).
• Instrument and amount: 824,499 restricted stock units; reported price $0.00 (typical for RSU grants).
• Vesting: 25% vests on April 2, 2027; remaining 75% vests in 12 equal quarterly installments thereafter (per filing footnote).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 confirms the RSUs were granted under the 2019 Equity Incentive Plan and details the vesting schedule; F2 notes a portion of the award represents RSUs.
• Filing status: Reported within the required Form 4 window (not marked late).

Context RSUs are future shares that vest over time and are commonly used for executive compensation; they do not represent an immediate sale or purchase and do not by themselves signal a buy/sell action in the market. Because these are time-based grants, the economic value to the executive depends on future vesting and the company’s share price at vesting.