Vertex (VERX) 10% Owner Stefanie Westphal Thompson Receives Award

What Happened
Stefanie Westphal Thompson, reported as a 10% owner of Vertex, Inc. (VERX), was granted 15,638 restricted shares on 2026-06-10. The shares were reported as acquired at $0.00 (an award/grant), so no cash paid; no market value is stated in the filing. This is an award of restricted stock (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; filing date: 2026-06-12 (Form 4 filed within the usual 2-business-day window).
• Transaction type/code: Award/Grant (A). Reported acquisition price: $0.00.
• Shares granted: 15,638 restricted shares.
• Shares owned after transaction: not specified in the filing.
• Footnote: Award vests on the earlier of (i) the day before the next annual stockholders’ meeting and (ii) June 10, 2027.
• No 10b5-1 plan, tax-withholding, or sale reported in this filing.

Context Restricted stock awards vest over time or on a specified date and typically carry forfeiture or service conditions until vested, so these shares are not immediately liquid. Awards are compensatory or retention-related and do not necessarily signal a near-term market view. As a 10% owner, Thompson is a significant insider/owner rather than a routine open-market trader.