Yext (YEXT) CEO exercises 390,625 PSUs/RSUs and receives new share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yext, Inc. Chief Executive Officer Michael Walrath reported multiple stock-based compensation events on March 20, 2026. He exercised restricted stock units and performance-based restricted stock units to acquire a total of 390,625 shares of common stock at an exercise price of $0.00 per share. He also received a separate grant of 54,571 shares of common stock as compensation. To cover related tax obligations, 211,729 shares of common stock were withheld at $4.79 per share. Following these transactions, Walrath directly held 3,648,584 shares of Yext common stock, in addition to indirect holdings through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
390,625 shares exercised/converted
Mixed
9 txns
Insider
Walrath Michael
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 78,125 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Unit | 312,500 | $0.00 | -- |
| Exercise | Common Stock | 78,125 | $0.00 | -- |
| Exercise | Common Stock | 312,500 | $0.00 | -- |
| Grant/Award | Common Stock | 54,571 | $0.00 | -- |
| Tax Withholding | Common Stock | 211,729 | $4.79 | $1.01M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 312,500 shares (Direct);
Performance-Based Restricted Stock Unit — 312,500 shares (Direct);
Common Stock — 3,493,242 shares (Direct);
Common Stock — 32,485 shares (Indirect, See footnote)
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 625,000 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, 367,071 PSUs vested on March 20, 2026 based on achievement of approximately 117.46% performance for 312,500 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. Securities are held by a trust the beneficiaries of which are the Reporting Person's children. Securities are held by a trust of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person. Securities are held by a trust, separate from the trust referenced in footnote 6, of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person. One-eighth of shares subject to the award vested on June 20, 2025 and vests quarterly thereafter on each September 20, December 20, March 20 and June 20, subject to the reporting person's continued service on each such date, until the award is fully vested on March 20, 2027.
FAQ
What did Yext (YEXT) CEO Michael Walrath report in this Form 4?
Yext CEO Michael Walrath reported exercising restricted and performance-based stock units into 390,625 common shares, receiving an additional 54,571-share grant, and having 211,729 shares withheld to satisfy tax obligations related to these awards, all on March 20, 2026.
What new stock grant did the Yext (YEXT) CEO receive?
In addition to exercising prior awards, the Yext CEO received a new grant of 54,571 shares of common stock on March 20, 2026, recorded as a compensation-related award rather than an open-market purchase or sale transaction.
What performance conditions applied to the Yext (YEXT) performance-based RSUs?
The performance-based RSUs vest based on growth in Yext’s annual recurring revenue and a “Rule of 40” metric. For the first performance period, 367,071 PSUs vested on March 20, 2026, reflecting approximately 117.46% performance on 312,500 target PSUs.