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 of stock units and related tax withholdings.
Summary
- Amie Thuener O'Toole, VP, Chief Accounting Officer at Alphabet Inc., reported transactions involving Class C Capital Stock and Class C Google Stock Units.
- On May 25, 2024, 1,364 Class C Capital Stock shares were acquired at $0.00 due to vesting of stock units.
- Also on May 25, 2024, 1,364 Class C Google Stock Units vested at $0.00.
- Additionally, 1,390 Class C Google Stock Units were disposed of at $176.33 per share to cover tax obligations.
- Following these transactions, O'Toole beneficially owns 30,648 shares of Class C Capital Stock, 24,792 Class C Google Stock Units, and 8,940 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine filing of stock transactions related to executive compensation, which is neither positive nor negative. It is a neutral event.
Future Outlook
Future vesting of Google Stock Units is scheduled monthly, subject to continued employment.
Industry Context
This is a routine filing related to executive compensation and stock-based awards, common in publicly traded companies like Alphabet Inc.
Comparison to Industry Standards
- Stock-based compensation is a common practice among large technology companies like Alphabet, with vesting schedules and tax withholdings being standard procedures.
- Companies like Meta, Apple, and Microsoft also use stock options and restricted stock units as part of their compensation packages, with similar reporting requirements.
- The vesting schedule of 1/14th monthly after a 10-month delay is a fairly standard vesting schedule for tech companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
- The vesting of stock units is part of the compensation package for the executive.
Key Dates
| Date | Description |
|---|---|
| 05/25/2024 | Date of stock transactions including vesting of stock units and tax withholdings. |
| 05/29/2024 | Date of signature for the Form 4 filing. |
Keywords
Alphabet Inc, Stock Units, Form 4, Insider Trading, Stock Vesting, Executive Compensation, GOOG, Amie Thuener O'Toole
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