Q2 Holdings (QTWO) counsel sells shares and receives new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Q2 Holdings, Inc.’s General Counsel Michael S. Kerr reported both a small stock sale and sizable equity awards. On March 11, 2026, he sold 2,071 shares of common stock in an open-market transaction at a weighted average price of $50.33, executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2025.
On the same date he received multiple stock grants, including time-based restricted stock units vesting 25% starting March 3, 2027 and quarterly thereafter for three years, and several types of performance-based restricted stock units tied to Adjusted EBITDA margin, subscription revenue growth, and relative stock price performance through the end of 2027 and beyond. After these transactions, he directly owned 81,772 shares of Q2 Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,071 shares ($104,233)
Net Sell
5 txns
Insider
Kerr Michael S
Role
General Counsel
Sold
2,071 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,071 | $50.33 | $104K |
| Grant/Award | Common Stock | 18,308 | $0.00 | -- |
| Grant/Award | Common Stock | 7,322 | $0.00 | -- |
| Grant/Award | Common Stock | 7,322 | $0.00 | -- |
| Grant/Award | Common Stock | 3,664 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,156 shares (Direct)
Footnotes (1)
- The sale reported was effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on September 11, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.92 to $50.94 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The restricted stock units vest 25% starting March 3, 2027, with the remaining units vesting in equal quarterly installments over the subsequent three years. Represents the target number of shares that may be earned ("Target Amount") pursuant to performance-based restricted stock units ("Units") under the 2023 Equity Incentive Plan, with vesting dependent upon Q2's attainment relative to a target performance metric for Adjusted EBITDA as a percentage of Revenue for the 12 months ending December, 2027, as more specifically set forth in the grant agreement. Subject to continued employment, attainment will be determined on the second anniversary of the date of grant, with any earned shares up to 100% of the Target Amount vesting on such date, and any shares issuable pursuant to above-target attainment vesting on the third anniversary of the grant date. Represents the target number of shares that may be earned ("Target Amount") pursuant to performance-based restricted stock units ("Units") under the 2023 Equity Incentive Plan, with vesting dependent upon Q2's attainment relative to a target performance metric for Subscription Revenue Year over Year Growth Revenue for the 12 months ending December 31, 2027, as more specifically set forth in the grant agreement. Subject to continued employment, attainment will be determined on the second anniversary of the date of grant, with any earned shares up to 100% of the Target Amount vesting on such date, and any shares issuable pursuant to above-target attainment vesting on the third anniversary of the grant date. Represents the target number of shares that may be earned ("Target Amount") pursuant to performance-based restricted stock units ("Units") under the 2023 Equity Incentive Plan, with vesting dependent upon Q2's attainment relative to target performance of Q2's common stock price as compared to the S&P Software & Services Select Index, as more specifically set forth in the grant agreement. Subject to continued employment, attainment will be determined on the third anniversary of the date of grant, with 0% to 200% of the Target Amount vesting on such date depending on the level of attainment.
FAQ
What insider transactions did Q2 Holdings (QTWO) General Counsel Michael S. Kerr report?
Michael S. Kerr reported a small open-market sale and several equity grants. He sold 2,071 Q2 Holdings shares on March 11, 2026 and received multiple restricted stock unit and performance-based stock unit awards on the same date as part of his equity compensation.
What equity awards did Michael S. Kerr receive from Q2 Holdings (QTWO)?
He received several stock awards, including time-based restricted stock units and multiple performance-based restricted stock units. The performance awards use target share amounts and depend on metrics such as Adjusted EBITDA margin, subscription revenue year-over-year growth, and Q2’s stock performance versus the S&P Software & Services Select Index.
How do Michael S. Kerr’s new Q2 Holdings (QTWO) RSUs vest over time?
One restricted stock unit grant vests 25% starting March 3, 2027, with remaining units vesting in equal quarterly installments over three subsequent years. Performance-based units generally vest based on results measured for the 12 months ending December 2027 and on second or third anniversaries of grant dates.