Form 4 for GWRE Guidewire Software, Inc.
Accepted 2023-09-15 00:00:00 ET · period of report 2023-09-13 · accession 0001528396-23-000082 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-09-15 | 2023-09-13 | GWRE | Mullen John P | Pres, CRO | A - Grant | $0.00 | +31.9K | 159.3K | +25% | $0 |
| D | 2023-09-15 | 2023-09-15 | GWRE | Mullen John P | Pres, CRO | M - OptEx | $0.00 | +4,087 | 163.4K | +3% | $0 |
| D | 2023-09-15 | 2023-09-15 | GWRE | Mullen John P | Pres, CRO | M - OptEx | $0.00 | -4,087 | 20.2K | -17% | $0 |
| D | 2023-09-15 | 2023-09-13 | GWRE | Mullen John P | Pres, CRO | A - Grant | $0.00 | +31.9K | 31.9K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-09-13 | A | A | 31,869 | $0.00 | 159,345 | D | — | — | |
| 2 | Common | Common Stock | 2023-09-15 | M | A | 4,087 | $0.00 | 163,432 | D | — | — | |
| 3 | Derivative | Performance Shares | 2023-09-15 | M | D | 4,087 | $0.00 | 20,221 | D | $0.00 · — to 2032-09-15 | 4,087 Common Stock | (F2) At the end of Year 1, as to 50% of this PSU award (Part 1), the Compensation Committee of the Board of Directors determined, on September 15, 2023, that 101.8% of the performance conditions against the FY23 ARR targets were met resulting in an increase of 216 PSUs earned by the Reporting Person. 33% of Part 1 vested immediately thereafter. 33% of Part 1 will vest at the end of Year 2, and 33% of Part 1 will vest at the end of Year 3. At the end of Year 3, 50% of the PSU award (Part 2) will be determined based on performance against the FY25 ARR targets. |
| 4 | Derivative | Performance Shares | 2023-09-13 | A | A | 31,869 | $0.00 | 31,869 | D | $0.00 · — to 2033-09-13 | 31,869 Common Stock | (F1) These PSUs cliff vest at the end of the three-year performance period based on the average performance of the three one-year performance periods. One-year financial targets for each of the three performance measurement periods were set on the grant date. |