Form 4: Alphabet Inc. CFO Anat Ashkenazi Receives Stock Unit Grants
SEC Form 4 Filing
Alphabet Inc.'s Chief Financial Officer, Anat Ashkenazi, was granted a total of 198,136 Class C Google Stock Units on August 7, 2024, which will vest over the next several years.
Summary
- Anat Ashkenazi, the Senior Vice President and Chief Financial Officer of Alphabet Inc., received a grant of Class C Google Stock Units on August 7, 2024.
- The total grant consists of 198,136 stock units, divided into three tranches.
- The first tranche of 71,900 units will vest in two equal portions on September 25, 2024 and December 25, 2024.
- The second tranche of 93,305 units will vest in four equal portions on March 25, 2025, June 25, 2025, September 25, 2025, and December 25, 2025.
- The third tranche of 32,931 units will vest in four equal portions on March 25, 2026, June 25, 2026, September 25, 2026, and December 25, 2026.
- All vesting is contingent upon continued employment with Alphabet Inc. on the vesting dates.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative surprises or concerns.
Positives
- The stock unit grants serve as an incentive for the CFO to remain with the company.
- The vesting schedule aligns the CFO's interests with the long-term performance of the company.
Risks
- The value of the stock units is subject to market fluctuations.
- The CFO must remain employed with Alphabet Inc. to receive the full benefit of the grants.
Future Outlook
The stock units will vest over the next several years, contingent on continued employment.
Industry Context
Stock-based compensation is a common practice for technology companies to attract and retain top talent, aligning their interests with the company's long-term success.
Comparison to Industry Standards
- Stock grants are a standard form of compensation for executives at large tech companies like Alphabet, similar to practices at companies like Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
- The vesting schedule is typical, with grants vesting over a period of several years to incentivize long-term commitment.
Stakeholder Impact
- The stock grants align the CFO's interests with those of shareholders, as the value of the grants is tied to the company's stock performance.
- The grants are part of the overall compensation package for the CFO and do not directly impact other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of the stock unit grant. |
| 09/25/2024 | First vesting date for 50% of the first tranche of stock units. |
| 12/25/2024 | Second vesting date for 50% of the first tranche of stock units. |
| 03/25/2025 | First vesting date for 25% of the second tranche of stock units. |
| 06/25/2025 | Second vesting date for 25% of the second tranche of stock units. |
| 09/25/2025 | Third vesting date for 25% of the second tranche of stock units. |
| 12/25/2025 | Fourth vesting date for 25% of the second tranche of stock units. |
| 03/25/2026 | First vesting date for 25% of the third tranche of stock units. |
| 06/25/2026 | Second vesting date for 25% of the third tranche of stock units. |
| 09/25/2026 | Third vesting date for 25% of the third tranche of stock units. |
| 12/25/2026 | Fourth vesting date for 25% of the third tranche of stock units. |
| 08/09/2024 | Date of the filing. |
Keywords
Alphabet Inc, GOOGL, Stock Units, Anat Ashkenazi, CFO, Vesting, Equity Compensation
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