Form 4: Alphabet Inc. Executive Amie Thuener O'Toole Reports Stock Sale and Stock Unit Holdings

Alphabet Inc.'s VP, Chief Accounting Officer, Amie Thuener O'Toole, sold 1,367 shares of Class C Capital Stock and holds various stock units.

Summary

• Amie Thuener O'Toole, VP, Chief Accounting Officer at Alphabet Inc., reported a sale of 1,367 shares of Class C Capital Stock at a price of $168.84 per share on October 1, 2024.
• Following the transaction, O'Toole directly owns 29,183 shares of Class C Capital Stock.
• O'Toole also holds 8,940 shares of Class A Common Stock.
• Additionally, O'Toole holds 13,806 Class C Google Stock Units (GSUs) that vest monthly starting 10 months after the grant date.
• A further 24,352 Class C Google Stock Units are held, vesting in tranches starting March 25, 2025, and continuing through March 1, 2027.
• The reported transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 31, 2024.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale and stock unit holdings, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing for insider transactions and is common for executives at publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The vesting schedules for stock units are typical for tech companies like Alphabet, often including monthly vesting over several years.
• The use of Rule 10b5-1 trading plans is a common practice among executives at large public companies, including peers like Meta, Apple, and Microsoft, to manage their stock sales in a compliant manner.
• The reported sale of 1,367 shares is a relatively small transaction compared to the total holdings of the executive and is not unusual for executives managing their personal finances.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

Alphabet Inc, GOOGL, insider trading, stock sale, stock units, Form 4, Amie Thuener O'Toole, Rule 10b5-1, executive compensation