David Franklin Peterson, Chief Accounting Officer of Guidewire Software, Inc. (NYSE:GWRE), filed a Form 4 on September 15, 2026, reporting the vesting of 4,351 performance shares at a price of $0.

Key Highlights

  • Transaction date: September 15, 2026, with 4,351 shares of common stock acquired via transaction code M (conversion of derivative security).
  • Zero-cost acquisition: The performance shares vested at a price of $0 per share, as reported in the filing.
  • Performance conditions met at 136%: On September 9, 2026, the Compensation Committee determined that 136% of the performance conditions were met.
  • PSU increase: The 136% achievement resulted in an increase of 1,152 PSUs earned by Peterson above the original grant.
  • Cliff vesting structure: The performance shares cliff vested at the end of a three-year performance period based on the average performance of three one-year periods.
  • Beneficial ownership after transaction: Peterson directly holds 14,138 shares of common stock following the reported transaction.

Guidewire Software Chief Accounting Officer Reports Performance Share Vesting

According to the Form 4 filed with the SEC, David Franklin Peterson, Chief Accounting Officer of Guidewire Software, Inc. (NYSE:GWRE), reported the vesting of 4,351 performance shares on September 15, 2026. The transaction was recorded under code M, indicating the conversion of a derivative security into common stock. The acquisition price was listed as $0, and ownership is held directly by Peterson.

The filing explains that the performance shares "cliff vested at the end of the three-year performance period based on the average performance of the three one-year performance periods." On September 9, 2026, the Compensation Committee determined that 136% of the performance conditions were met, which the filing states "resulting in an increase of 1,152 PSUs earned by the Reporting Person." The time-based vesting condition was separately satisfied on September 15, 2026. The derivative security had an expiration date of September 13, 2033, and following vesting, the derivative position is reported at zero remaining.

Following the reported transaction, Peterson directly beneficially owns 14,138 shares of Guidewire Software common stock, according to the filing. The Form 4 was signed by Winston King as attorney-in-fact for David Franklin Peterson on September 15, 2026.

What Was Disclosed

Peterson's Form 4 disclosed the vesting of 4,351 performance shares into common stock at $0 per share, driven by the Compensation Committee's determination that 136% of performance conditions were met, leaving Peterson with 14,138 directly held shares.