Del Preto Joseph 4
Research Summary
AI-generated summary
SPS Commerce CFO Del Preto Receives Restricted Stock Award
What Happened
Del Preto, Executive Vice President and Chief Financial Officer of SPS Commerce, was granted a total of 141,707 restricted stock units (RSUs) on May 7, 2026 (108,467 RSUs and 33,240 RSUs). The awards were reported at a $0.00 acquisition price (typical for RSU compensation grants) and therefore have no immediate cash purchase value.
Key Details
- Transaction date and price: May 7, 2026 — 108,467 RSUs @ $0.00 and 33,240 RSUs @ $0.00 (total 141,707 RSUs).
- Shares owned after transaction: Not specified in the filing.
- Footnote: F1 — These RSUs vest 25% on each of March 16, 2027, 2028, 2029 and 2030.
- Filing timeliness: Form 4 filed May 11, 2026; filing is within the standard two-business-day deadline (timely).
Context
RSU grants are a form of compensation and not an open-market purchase or sale; they indicate future equity pay tied to continued service and typically vest over time. Because these are awards (not purchases), they should not be interpreted as a direct buy/sell signal about short-term management sentiment.