O'Connor Michele 4
Research Summary
AI-generated summary
ServiceTitan (TTAN) CAO Michele O'Connor Receives RSU Award
What Happened
Michele O'Connor, Chief Accounting Officer of ServiceTitan (TTAN), was granted 12,474 restricted stock units (RSUs) on May 1, 2026. The award is reported as an acquisition at $0.00 (no cash exchanged) because RSUs are a compensatory equity grant that convert to shares upon vesting.
Key Details
- Transaction date: May 1, 2026; Filing date: May 5, 2026 (timely — within the SEC two-business-day reporting window).
- Transaction code: A (award/grant).
- Shares/units granted: 12,474 RSUs; acquisition price: $0.00.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: RSUs vest quarterly as to 1/16th of the total, with the first vesting on June 15, 2027, subject to continued service. Each RSU equals a contingent right to one share of Class A common stock.
Context
RSU grants are common components of executive compensation and do not necessarily signal a buy or sell sentiment—rather they represent future pay tied to continued service and/or performance. These RSUs will only result in actual shares (and potential sales) as they vest per the stated schedule.