Schuck Henry 4
Research Summary
AI-generated summary
ZoomInfo (GTM) CEO Henry Schuck Exercises RSUs; 4,598 Shares Withheld
What Happened
Henry Schuck, CEO of ZoomInfo (GTM), had 13,787 restricted stock units (RSUs) convert to common shares on July 1, 2026. The RSUs converted at no cash exercise price; 4,598 of the newly issued shares were withheld to cover tax liabilities (withholding reported at $2.93/share for a total of $13,472). Net shares issued to Schuck were approximately 9,189 (13,787 − 4,598). This was not an open-market sale or purchase by the insider — it was the vesting/settlement of an award with tax withholding.
Key Details
- Transaction date: 2026-07-01 (conversion/settlement of RSUs); Form 4 filed 2026-07-06.
- Shares converted/acquired: 13,787 RSUs converted to shares (reported as derivative exercise/settlement).
- Shares withheld (taxes): 4,598 shares withheld at $2.93 each for $13,472.
- Net shares issued to insider: ~9,189 shares.
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes: F1 (each RSU = right to one common share); F2 (withholding to cover tax liability); F4 (original RSU grant 5/29/2024 with vesting schedule starting 4/1/2025); F3 (reports a pecuniary interest via DO Holdings (WA), LLC).
- Filing timeliness: Form filed July 6 for a July 1 transaction — appears later than the standard two-business-day Form 4 deadline (may warrant attention).
Context
This was a standard RSU vest/settlement with shares withheld for taxes (a common “cashless” treatment for awards). Because shares were withheld rather than sold on the open market, this filing does not represent an insider sale or external liquidity event; it documents compensation vesting and tax withholding.