Form 4: Alphabet Inc. Executive Amie Thuener O'Toole Reports Stock Transactions
SEC Form 4 Filing
Alphabet Inc.'s VP, Chief Accounting Officer, Amie Thuener O'Toole, reported the vesting and tax-related disposal of Class C Google Stock Units.
Summary
- Amie Thuener O'Toole, VP, Chief Accounting Officer at Alphabet Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On April 25, 2024, Ms. O'Toole acquired 1,364 Class C Capital Stock units through the vesting of Google Stock Units (GSUs).
- Also on April 25, 2024, 1,391 Class C Google Stock Units were disposed of to cover tax obligations related to the vesting of GSUs at a price of $161.1 per unit.
- Following these transactions, Ms. O'Toole beneficially owns 30,648 Class C Capital Stock units, 28,910 Class C Google Stock Units, and 8,940 Class A Common Stock units.
- The vesting schedule for some of her GSUs includes 1/14th vesting monthly starting 10 months after the grant date, and other GSUs vesting in tranches starting March 25, 2025.
Sentiment
Score: 7
Explanation: The document is a routine filing of stock transactions, which is neither positive nor negative. It is a neutral event that is expected for executive compensation.
Industry Context
This is a routine filing for executive stock transactions and is common practice for publicly traded companies like Alphabet Inc.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, such as Alphabet Inc., and are required by the SEC to ensure transparency in insider trading.
- The vesting schedules and tax-related disposals of stock units are typical compensation practices for executives in the tech industry, similar to practices at companies like Meta, Apple, and Microsoft.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of stock transactions including acquisition and disposal of Class C Google Stock Units. |
| 04/26/2024 | Date the Form 4 was signed. |
| 03/25/2025 | Start date for vesting of some Google Stock Units. |
| 03/25/2026 | Start date for vesting of some Google Stock Units. |
| 03/01/2027 | Start date for vesting of some Google Stock Units. |
Keywords
Alphabet Inc, GOOG, Stock Units, Form 4, Beneficial Ownership, Amie Thuener O'Toole, Vesting, Tax Obligations, Class C Capital Stock, Class A Common Stock
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