Form 4: Alphabet Inc. Executive Amie Thuener O'Toole Sells Class C Stock Under 10b5-1 Plan

Alphabet Inc.'s VP, Chief Accounting Officer, Amie Thuener O'Toole, sold 682 shares of Class C Capital Stock at $136.49 per share, according to a recent SEC filing.

Summary

• Amie Thuener O'Toole, VP, Chief Accounting Officer at Alphabet Inc., executed a sale of 682 shares of Class C Capital Stock on March 4, 2024.
• The sale was conducted at a price of $136.49 per share.
• This transaction was made under a pre-arranged Rule 10b5-1 trading plan adopted on May 31, 2023.
• Following the transaction, O'Toole still beneficially owns 28,602 shares of Class C Capital Stock, 8,940 shares of Class A Common Stock, and 33,055 Class C Google Stock Units.
• The Class C Google Stock Units vest over time, with 1/14th vesting monthly after an initial 10-month period, subject to continued employment.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an executive stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often part of pre-arranged trading plans to avoid accusations of insider trading. This transaction is not unusual for a company like Alphabet.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice among executives at publicly traded companies, including those in the technology sector like Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
• These plans allow executives to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The volume of shares sold by O'Toole is relatively small compared to the overall market capitalization of Alphabet, and is not unusual for an executive at her level.

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 given the pre-arranged nature of the transaction.

Key Dates

Keywords

Alphabet Inc, GOOG, insider trading, SEC Form 4, stock sale, Rule 10b5-1, Amie Thuener O'Toole, executive compensation, Class C Capital Stock, stock units