Form 4: Amazon CEO Douglas Herrington Sells 14,300 Shares Under 10b5-1 Trading Plan

Amazon's CEO of Worldwide Amazon Stores, Douglas Herrington, sold 14,300 shares of common stock at $175 per share, according to a recent SEC filing.

Summary

• Douglas Herrington, CEO of Worldwide Amazon Stores, sold 14,300 shares of Amazon common stock on February 12, 2024.
• The sale was executed at a price of $175 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 6, 2023.
• Following the transaction, Herrington directly owns 499,831 shares of Amazon stock.
• He also indirectly owns 6,564.322 shares through an Amazon.com 401(k) plan account.

Sentiment

Score: 5

Explanation: The document reflects a routine stock sale by an executive under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

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

• Sales of stock by executives under 10b5-1 plans are common across publicly traded companies.
• The volume of shares sold is not unusual for an executive at Herrington's level.
• The price of $175 per share is consistent with the market price of Amazon stock at the time of the transaction.
• Other tech executives at companies like Apple, Microsoft, and Google also use 10b5-1 plans for stock sales.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Amazon, AMZN, Douglas Herrington, SEC Form 4, Stock Sale, Rule 10b5-1, Insider Trading, Executive Compensation