Form 4: Alphabet Inc. CFO Ruth Porat Reports Stock Transactions

Alphabet Inc.'s CFO, Ruth Porat, reported the acquisition and disposal of Class C Google Stock Units and shares of Class C Capital Stock.

Summary

• Ruth Porat, the CFO of Alphabet Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock.
• On May 1, 2024, she acquired 113,401 Class C Google Stock Units (GSUs) at a price of $0.00.
• She also disposed of 30,900 and 98,731 Class C Google Stock Units.
• Porat directly owns 1,789,191 shares of Class C Capital Stock.
• She also indirectly owns 120,000 shares of Class C Capital Stock through the RMP 2021 Irrevocable Trust.
• The GSUs vest over time, with portions vesting quarterly subject to continued employment.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions, which is neutral in sentiment.

Future Outlook

The Class C Google Stock Units will continue to vest over time, subject to continued employment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Alphabet, similar to filings made by executives at companies such as Apple, Microsoft, and Amazon.
• The vesting schedules for stock units are also standard practice, often tied to continued employment and performance metrics, which is consistent with practices at other tech companies.

Stakeholder Impact

• The stock transactions may have a minor impact on the overall shareholding structure of the company.

Next Steps

• The vesting of the acquired stock units will continue on a quarterly basis.

Key Dates

Keywords

Alphabet Inc, Ruth Porat, Form 4, Stock Units, Class C Capital Stock, Beneficial Ownership, SEC Filing, GSU, CFO