PSU vesting boosts Magnite (NASDAQ: MGNI) CFO share holdings filing
Rhea-AI Filing Summary
Magnite, Inc.'s chief financial officer David Day reported the vesting of performance-based stock units and related tax withholding. On January 9, 2026, he acquired 72,675 shares of common stock at $0 per share upon the vesting of performance stock units granted under Magnite's Amended and Restated 2014 Equity Incentive Plan. The number of units that vested was based on the company achieving 126.35% of its performance goal over a three-year total stockholder return period relative to the Russell 2000 index.
To cover tax withholding obligations from this vesting, 35,169 shares of common stock were automatically forfeited at a price of $16.17 per share pursuant to an arrangement mandated by the company, rather than an open-market sale decision by the executive. After these transactions, Day directly beneficially owned 538,076 shares of Magnite common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 72,675 | $0.00 | -- |
| Exercise | Common Stock | 72,675 | $0.00 | -- |
| Tax Withholding | Common Stock | 35,169 | $16.17 | $569K |
Footnotes (1)
- Equity grant under the Company's Amended and Restated 2014 Equity Incentive Plan. Represents the non-discretionary forfeiture of shares on behalf of the Reporting Person pursuant to an arrangement mandated by the Issuer to cover the tax withholding obligations associated with the vesting of the performance stock units ("PSUs") being reported herein. Each PSU represents a contingent right to receive, on vesting, one share of the Issuer's common stock, subject to Issuer performance as more specifically described in Footnote 4 herein. Vesting of the PSU was determined based on the Issuer's total stockholder return ("TSR") for the three-year period beginning on January 1, 2023 relative to the TSRs of the companies in the Russell 2000 index over that period. The number of PSUs reported in column 5 on the Form 4 filed with the Securities and Exchange Commission on January 4, 2023 reflected the target number of PSUs initially subject to the award. The award was eligible to vest as to 0% to 150% of the target number of PSUs. On January 9, 2026, the Compensation Committee of the Issuer's Board of Directors determined that, based on 126.35% achievement, the Reporting Person actually vested 72,675 shares.
FAQ
Who is the insider in the Magnite (MGNI) Form 4 filing and what is their role?
The insider is David Day, who serves as Chief Financial Officer of Magnite, Inc. He is identified as an officer and not a director or 10% owner.
What equity award vested for Magnite (MGNI) CFO David Day in this Form 4?
The filing shows the vesting of performance stock units (PSUs), each representing a contingent right to receive one share of Magnite common stock. On January 9, 2026, these PSUs vested into 72,675 shares of common stock at $0 per share.
How was the number of vested PSUs for Magnite (MGNI) determined?
The number of vested PSUs was based on Magnite's total stockholder return (TSR) for the three-year period beginning January 1, 2023, measured against companies in the Russell 2000 index. The award could vest between 0% and 150% of target, and the Compensation Committee determined that 126.35% achievement resulted in 72,675 shares vesting.
Under what plan were the performance stock units for Magnite (MGNI) granted?
The performance stock units that vested into 72,675 shares were granted under Magnite's Amended and Restated 2014 Equity Incentive Plan, as noted in the footnotes to the filing.