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Vertex, Inc.·4

Feb 23, 4:46 PM ET

Leib Ryan J 4

Research Summary

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Vertex (VERX) Chief Accounting Officer Ryan J. Leib Receives Award

What Happened

Ryan J. Leib, Chief Accounting Officer of Vertex, Inc. (VERX), was granted 33,891 restricted stock units (RSUs) on February 19, 2026. The grant is reported as a derivative award (Form 4 code A) with $0.00 per share shown on the filing; the RSUs are contingent rights to receive one share of Class A common stock upon vesting.

Key Details

  • Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (appears timely).
  • Award: 33,891 RSUs granted; reported price $0.00 (derivative award).
  • Vesting: 25% vests on each of Feb 19, 2027; Feb 19, 2028; Feb 19, 2029; and Feb 19, 2030 (per footnote).
  • Footnote: Each RSU represents a contingent right to one share of Class A common stock.
  • Shares owned after the transaction: Not disclosed in this filing.

Context

RSU grants are a common form of executive compensation and do not involve an immediate cash purchase or sale of shares. These RSUs will convert to actual shares only as they vest according to the schedule above; therefore this filing reflects a compensation award rather than an open-market purchase or sale.