In recent market activity, Alex Kroman, EVP of Product and Technology at LivePerson Inc (NASDAQ:LPSN), partook in significant stock transactions, according to the latest SEC filings. On April 19, Kroman sold 65,828 shares of LivePerson stock at an average price of $0.51 per share, totaling over $33,572. This sale was conducted automatically to cover tax liabilities associated with vested restricted stock units. The day prior, Kroman acquired 46,469 shares at no cost, which were earned in connection with achieving performance metrics of a performance-based restricted stock unit award. These shares were granted as part of an employment commencement agreement on April 18, 2023, and vested one year later based on the full achievement of specified performance goals. Following these transactions, Kroman’s direct ownership in LivePerson stands at 120,047 shares. The automatic sale to cover tax obligations is a common practice following the vesting of equity awards and provides insight into the executive’s stock-based compensation.
LivePerson Inc (NASDAQ:LPSN) Insider Stock Transactions Reveal Executive Compensation Structure and Performance Incentives
