Yext (YEXT) counsel vests 57,187 RSUs; 34,180 shares withheld for tax
Rhea-AI Filing Summary
Yext, Inc. General Counsel Shin Ho reported equity compensation activity involving restricted stock units and performance-based units. On March 20, 2026, Ho exercised or converted derivative awards into 57,187 shares of common stock, reflecting vesting of time-based RSUs and performance-based RSUs tied to company metrics.
Footnotes state that 23,493 performance-based RSUs vested for the first performance period based on approximately 117.46% achievement against a 20,000 target. Yext withheld 34,180 shares at $4.79 per share to cover tax obligations upon vesting. After these transactions, Ho directly owned 297,010 shares of Yext common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 14,062 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 23,125 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Unit | 20,000 | $0.00 | -- |
| Exercise | Common Stock | 14,062 | $0.00 | -- |
| Exercise | Common Stock | 23,125 | $0.00 | -- |
| Exercise | Common Stock | 20,000 | $0.00 | -- |
| Grant/Award | Common Stock | 3,493 | $0.00 | -- |
| Tax Withholding | Common Stock | 34,180 | $4.79 | $164K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. A target of 40,000 performance-based RSUs ("PSUs") become eligible to vest based upon achievement of a combination of performance as measured using a measurement in growth of the Company's reported ARR and a "Rule of 40" summation of the percentage growth in the reported ARR and Adjusted EBITDA Margins over each of fiscal 2026 and fiscal 2027 (each, a "Performance Period"). 50% of the total target PSUs will be eligible to be earned in each Performance Period, and the maximum number of PSUs that may become eligible to vest in connection with achievement in excess of the target shall be no more than 250% of the target PSUs. The PSUs that become eligible to vest with respect to a Performance Period will vest on March 20 following the end of that Performance Period, subject to reporting person's continued service through that date. For the first Performance Period, 23,493 PSUs vested on March 20, 2026 based on achievement of approximately 117.46% performance for 20,000 target PSUs. Each PSU represents a contingent right to receive one share of the Company's common stock. Shares withheld to satisfy tax liability upon vesting of restricted stock units on March 20, 2026. One-sixteenth of shares subject to award vested on September 20, 2022 and vests quarterly thereafter on each of December 20, March 20, June 20 and September 20 and in each case subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2026. One-eighth of shares subject to the award vested on March 20, 2026 and vests quarterly thereafter on each June 20, September 20, December 20, and March 20, subject to the reporting person's continued service on each such date, until the award is fully vested on December 20, 2027.
FAQ
What insider activity did Yext (YEXT) report for General Counsel Shin Ho?
What performance result drove vesting of Yext performance-based RSUs for Shin Ho?
What is the structure of Shin Ho’s performance-based RSUs at Yext (YEXT)?
How do Shin Ho’s time-based RSUs at Yext vest over time?