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

Alphabet Inc.'s CFO, Ruth Porat, reported the vesting and tax-related disposition of Class C stock units and the acquisition of Class C Capital Stock.

Summary

• Ruth Porat, the CFO of Alphabet Inc., reported several transactions involving Alphabet's Class C stock on March 25, 2024.
• These transactions include the vesting of 12,085 Class C Capital Stock and 5,101 Class C Google Stock Units (GSUs).
• Additionally, 5,199 and 7,120 Class C Google Stock Units were disposed of to cover tax obligations related to the vesting of GSUs.
• A further 6,985 Class C Google Stock Units vested.
• Ms. Porat also has 120,000 Class C Capital Stock held indirectly through the RMP 2021 Irrevocable Trust.
• The price of the stock at the time of the tax-related disposals was $151.77.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to stock vesting and tax obligations, which is neutral to slightly positive as it indicates continued employment and vesting of stock options.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the holdings and transactions of key executives.

Comparison to Industry Standards

• The reporting of stock transactions by company insiders is a standard practice across all publicly listed companies in the US.
• The use of SEC Form 4 is the standard method for reporting these transactions.
• The vesting schedule of the GSUs, with quarterly vesting after an initial period, is a common practice for employee stock grants.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine stock vesting and tax obligations of a company executive.

Key Dates

Keywords

Alphabet Inc, Ruth Porat, Class C Stock, Google Stock Units, SEC Form 4, Stock Vesting, Insider Trading