Schuck Henry 4
Research Summary
AI-generated summary
ZoomInfo (GTM) CEO Henry Schuck Receives Vested PSUs; Tax Withholding
What Happened
Henry Schuck, CEO of ZoomInfo Technologies (GTM), had performance-based restricted stock units (PSUs) vest and convert to 23,824 shares on March 22, 2026. To cover the tax liability from the vesting, 7,432 shares were withheld at $5.91 per share for a withholding value of $43,923, leaving a net delivery of approximately 16,392 shares to Schuck. The filing shows the conversion/exercise of the derivative award (transaction code M) and the tax-withholding disposition (transaction code F).
Key Details
- Transaction date: March 22, 2026; Form 4 filed March 24, 2026 (appears timely).
- Vesting/Conversion: 23,824 PSUs converted to 23,824 shares (M). Conversion recorded at $0.00 per share for the derivative conversion.
- Tax withholding: 7,432 shares withheld at $5.91/share => $43,923 (F). This is a withholding to satisfy tax liability, not an open-market sale.
- Net shares delivered to Schuck after withholding: ~16,392 shares (23,824 − 7,432).
- Footnotes: F1–F4 explain PSUs convert 1:1 to common stock, the withholding covers the tax liability, Schuck has a pecuniary interest through DO Holdings (WA), LLC, and these PSUs were originally granted May 29, 2024 for a 2025 performance period with actual units determined Feb 5, 2026 and vesting on Mar 22, 2026.
- Filing timeliness: Reported within two days after the transaction date; no late-filing indication on the form.
Context
This was not an open-market sale: the primary event was the vesting/conversion of performance awards into shares, and the “sale” activity reported is a standard tax-withholding where the company withholds shares to satisfy the employee’s tax obligations. Such tax-withholdings are routine and don’t necessarily signal the insider’s view of the stock.