Form 4: Alphabet CIO Porat's Stock Activity Reflects Strong Performance

Alphabet's President and CIO, Ruth Porat, reported significant stock acquisitions from performance unit vesting and subsequent sales for tax obligations.

Summary

• Ruth Porat, President and CIO of Alphabet Inc., acquired 47,574 shares of Class C Capital Stock on January 13, 2026.
• This acquisition resulted from the vesting of performance stock units (PSUs) granted on May 3, 2023, after Alphabet's total shareholder return (TSR) performance exceeded targets.
• Alphabet's TSR for the three-year period ending December 31, 2025, was 203.65%, ranking at the 92.86th percentile relative to S&P 100 companies, leading to a 200% payout of target PSUs.
• Following the acquisition, 47,141 shares of Class C Capital Stock were disposed of on January 13, 2026, at a price of $332.73 per share, to satisfy tax obligations related to the PSU vesting.
• After these transactions, Ruth Porat directly beneficially owns 720,954 shares of Class C Capital Stock.
• Indirect beneficial ownership includes 120,000 shares through The RAPP 2024 Irrevocable Trust, 200,000 shares through RAPP 2024 GT Trust One, and 975,000 shares through RAPP 2024 GT Trust Two.
• The filing also details holdings of Class C Google Stock Units (GSUs), with 38,045 and 68,265 units, subject to various vesting schedules through 2028.

Sentiment

Score: 9

Explanation: The filing indicates exceptionally strong company performance as evidenced by a 203.65% TSR, ranking in the 92.86th percentile of S&P 100 companies, leading to a maximum PSU payout for a key executive. This reflects very positive operational and strategic execution.

Positives

• Alphabet's total shareholder return (TSR) of 203.65% over the three-year performance period ending December 31, 2025, demonstrates exceptional company performance.
• The company's TSR ranked at the 92.86th percentile relative to S&P 100 companies, indicating strong outperformance against peers.
• The strong performance resulted in a 200% payout of target performance stock units (PSUs) to the reporting person, reflecting successful achievement of performance criteria.

Future Outlook

A portion of Class C Google Stock Units (GSUs) will continue to vest quarterly on the 25th day of the month until fully vested, with specific schedules extending through December 25, 2026, and from April 1, 2027, through January 1, 2028, subject to continued employment.

Industry Context

The strong total shareholder return (TSR) performance of 203.65% over three years, ranking in the 92.86th percentile against S&P 100 companies, indicates Alphabet's significant outperformance within the broader market and its industry during the specified period. This suggests robust operational and strategic execution relative to its large-cap peers.

Comparison to Industry Standards

• Alphabet's Total Shareholder Return (TSR) of 203.65% for the three-year period ending December 31, 2025, significantly outperformed the majority of its peers.
• The company's TSR ranking at the 92.86th percentile relative to S&P 100 companies places it among the top performers in a highly competitive index of large U.S. companies, demonstrating superior value creation compared to global benchmarks.

Related Party Transactions

• The Reporting Person is the settlor of The RAPP 2024 Irrevocable Trust, and the Reporting Person's spouse is a trustee.
• The Reporting Person is the grantor and sole annuitant, and the Reporting Person's spouse is the sole trustee of the RAPP 2024 GP Trust One.
• The Reporting Person is the grantor and sole annuitant, and the Reporting Person's spouse is the sole trustee of the RAPP 2024 GP Trust Two.

Stakeholder Impact

• Shareholders benefit from the strong total shareholder return (TSR) performance, which indicates significant value creation by the company.
• Executive compensation, tied to performance metrics like TSR, aligns management incentives with shareholder interests, as demonstrated by the 200% PSU payout.

Next Steps

• Continued vesting of Class C Google Stock Units (GSUs) on a quarterly basis, with specific schedules extending through January 1, 2028.

Key Dates

Keywords

Alphabet Inc., GOOGL, Ruth Porat, Insider Transaction, Form 4, Performance Stock Units, PSU Vesting, Executive Compensation, Total Shareholder Return, S&P 100, Stock Sales, Tax Obligations, Beneficial Ownership, Google Stock Units