Form 4: Alphabet Inc. Executive Amie Thuener O'Toole Sells Class C Stock Under 10b5-1 Plan
SEC Form 4 Filing
Alphabet Inc.'s VP, Chief Accounting Officer, Amie Thuener O'Toole, sold 682 shares of Class C Capital Stock at $154.79 per share, according to a recent SEC filing.
Summary
- Amie Thuener O'Toole, VP and Chief Accounting Officer at Alphabet Inc., executed a sale of 682 shares of Class C Capital Stock on April 2, 2024, at a price of $154.79 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 31, 2023.
- Following the transaction, O'Toole still beneficially owns 29,284 shares of Class C Capital Stock, 8,940 shares of Class A Common Stock, 30,301 Class C Google Stock Units (GSUs) from one grant, and 24,294 Class C Google Stock Units from another grant.
- The GSUs vest over time, with one grant vesting monthly starting 10 months after the grant date and the other vesting starting March 25, 2025.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive stock sale under a pre-arranged plan. It does not indicate any significant positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading.
Comparison to Industry Standards
- Many executives at large public companies like Alphabet use 10b5-1 trading plans to manage their stock sales.
- The vesting schedules for stock units are typical for executive compensation packages in the tech industry.
- The sale of 682 shares is a relatively small transaction compared to the total holdings of the executive.
Stakeholder Impact
- The stock sale by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-arranged nature of the sale.
Key Dates
| Date | Description |
|---|---|
| 05/31/2023 | Date the Rule 10b5-1 trading plan was adopted by Amie Thuener O'Toole. |
| 04/02/2024 | Date of the stock sale transaction. |
| 03/25/2025 | Start date for vesting of one of the Class C Google Stock Unit grants. |
| 03/25/2026 | Start date for the second phase of vesting of one of the Class C Google Stock Unit grants. |
| 03/01/2027 | Final vesting date for one of the Class C Google Stock Unit grants. |
Keywords
Alphabet Inc, GOOG, SEC Form 4, insider trading, stock sale, Rule 10b5-1, Amie Thuener O'Toole, executive compensation, stock units, Class C Capital Stock
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