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Q2 Holdings, Inc.·4

Mar 13, 4:07 PM ET

Rutledge Kimberly Anne 4

Research Summary

AI-generated summary

Updated

Q2 (QTWO) CPO Kimberly Rutledge Receives 43,362 RSUs/PSUs

What Happened
Kimberly Anne Rutledge, Chief People Officer of Q2 Holdings (QTWO), was granted a total of 43,362 equity awards on March 11, 2026 (awards reported at $0.00 per share) and sold 3,187 shares in an open-market/private sale the same day for a weighted-average price of $50.37, generating $160,529 in proceeds. The sale was effected pursuant to a pre-established Rule 10b5-1 trading plan adopted September 12, 2025.

Key Details

  • Transaction date: March 11, 2026 (Form 4 filed March 13, 2026). Filing appears timely.
  • Sale: 3,187 shares disposed, weighted-average price $50.37, total proceeds $160,529. Reported price range for individual sales: $49.94 to $51.20 (footnote F2). Sale coded S; effected under a 10b5-1 plan (F1).
  • Awards/grants: 21,681 + 8,672 + 8,672 + 4,337 = 43,362 shares granted (coded A). Reported at $0.00 because these are restricted or performance awards, not purchases.
  • Vesting/conditions:
    • Some restricted stock units vest 25% starting March 3, 2027, then quarterly over three years (F3).
    • Performance-based RSUs tied to Adjusted EBITDA as % of Revenue and to Subscription Revenue YoY Growth have target amounts, with attainment measured on the second anniversary and potential above-target vesting on the third anniversary (F4, F5).
    • A performance award tied to relative stock-price performance vs. the S&P Software & Services Select Index vests on the third anniversary with 0–200% payout depending on performance (F6).
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Additional note: the filer offers to provide a breakdown of the number of shares sold at each price within the reported range upon request (F2).

Context
Awards indicate compensation and future potential ownership if vesting and performance conditions are met; they are not the same as an immediate cash purchase. The small open-market sale appears to be a planned transaction under a 10b5-1 plan (routine pre-arranged sale), while the larger grant reflects compensation and incentive alignment tied to time- and performance-based vesting.