Form 4: Amazon CEO Douglas Herrington Sells 3,500 Shares Under 10b5-1 Trading Plan

Amazon's CEO of Worldwide Amazon Stores, Douglas Herrington, sold 3,500 shares of common stock at $177.87 per share, according to a recent SEC filing.

Summary

• Douglas Herrington, CEO of Worldwide Amazon Stores, sold 3,500 shares of Amazon common stock on September 3, 2024.
• The sale was executed at a price of $177.87 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 517,660 shares of Amazon common stock.
• He also indirectly owns 6,578.357 shares through the Amazon.com 401(k) plan.

Sentiment

Score: 5

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

Industry Context

Executive stock sales are a common occurrence and are often part of pre-arranged trading plans to avoid accusations of insider trading. This sale by the CEO of Worldwide Amazon Stores is not unusual and is likely part of his personal financial planning.

Comparison to Industry Standards

• Many executives at large public companies use 10b5-1 trading plans to manage their stock holdings.
• These plans allow for scheduled sales or purchases of stock at predetermined times or prices, reducing the risk of insider trading allegations.
• The volume of shares sold by Herrington is relatively small compared to the total outstanding shares of Amazon, and is not unusual for an executive of his level.

Stakeholder Impact

• The stock sale is unlikely to have a significant impact on shareholders, employees, customers, or suppliers due to the relatively small volume of shares sold and 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