Form 4 for GWRE Guidewire Software, Inc.
Accepted 2024-09-17 00:00:00 ET · period of report 2024-09-15 · accession 0001528396-24-000111 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-09-17 | 2024-09-15 | GWRE | Rosenbaum Michael George | CEO, Dir | M - OptEx | $0.00 | +34.7K | 300.9K | +13% | $0 |
| DM | 2024-09-17 | 2024-09-15 | GWRE | Rosenbaum Michael George | CEO, Dir | M - OptEx | $0.00 | -34.7K | 39.9K | -47% | $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 | 2024-09-15 | M | A | 10,107 | $0.00 | 311,041 | D | — | — | |
| 2 | Common | Common Stock | 2024-09-15 | M | A | 24,608 | $0.00 | 300,934 | D | — | — | |
| 3 | Derivative | Performance Shares | 2024-09-15 | M | D | 24,608 | $0.00 | 0 | D | $0.00 · — to 2031-09-15 | 24,608 Common Stock | (F1) 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 7, 2022, that 122% of the performance conditions were met resulting in an increase of 3,876 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 fiscal year 2024 financial targets vesting 100% immediately thereafter. On September 11, 2024, the Compensation Committee of the Board of Directors determined that 99% of the performance-based conditions were met resulting in a decrease of 176 PSUs earned by the Reporting Person. |
| 4 | Derivative | Performance Shares | 2024-09-15 | M | D | 10,107 | $0.00 | 39,892 | D | $0.00 · — to 2032-09-15 | 10,107 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 537 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. |