John P. Mullen, President of Guidewire Software, Inc. (NYSE:GWRE), filed a Form 4 on September 15, 2026, reporting the vesting of 75,211 performance shares at a transaction price of $0.

Key Highlights

  • Transaction date: September 15, 2026, with 75,211 shares of Common Stock acquired via transaction code M (vesting of derivative security).
  • Acquisition price: $0 per share, as reported in the filing.
  • Performance condition: The Compensation Committee determined on September 9, 2026, that 236% of the performance conditions were met.
  • Additional PSUs earned: The 236% performance result caused an increase of 43,342 PSUs earned by the reporting person.
  • Post-transaction ownership: Following the transaction, Mullen directly beneficially owns 223,330 shares of Common Stock.
  • Remaining derivative securities: The filing reports 0 performance shares beneficially owned following the transaction.

Performance Share Cliff Vesting and Committee Determination at Guidewire Software

According to the filing, John P. Mullen, serving as President of Guidewire Software, Inc. (NYSE:GWRE), reported the settlement of performance shares that had been tied to a three-year performance period. The filing states that these 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." The time-based vesting condition was met on September 15, 2026.

The filing discloses that on September 9, 2026, the Compensation Committee determined that 236% of the performance conditions were met. According to the filing's explanation of responses, this outcome "result[ed] in an increase of 43,342 PSUs earned by the Reporting Person." The total number of shares that vested and were acquired was 75,211, at a price of $0, via transaction code M. The underlying derivative security listed an expiration date of September 13, 2033, and the conversion or exercise price of the derivative was listed as $0.

Following the reported transaction, the filing states that Mullen directly beneficially owns 223,330 shares of Guidewire Software Common Stock, with no performance shares remaining. The Form 4 was signed by Winston King as Attorney-in-Fact for John P. Mullen on September 15, 2026.

What Was Disclosed

The filing reports that Guidewire Software President John P. Mullen acquired 75,211 shares of Common Stock on September 15, 2026, through the vesting of performance shares at $0, following a Compensation Committee determination that 236% of performance conditions were satisfied.