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

Amazon's CEO of Worldwide Amazon Stores, Douglas Herrington, sold a total of 20,200 shares of common stock on February 7, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Douglas Herrington, CEO of Worldwide Amazon Stores, executed sales of Amazon common stock on February 7, 2024.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 6, 2023.
• A total of 14,311 shares were sold at a weighted average price of $169.7726, with prices ranging from $169.25 to $170.24.
• An additional 5,889 shares were sold at a weighted average price of $170.5105, with prices ranging from $170.29 to $170.82.
• Following these transactions, Mr. Herrington directly owns 514,131 shares and indirectly owns 6,564.322 shares through an Amazon.com 401(k) plan account.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment.

Industry Context

Sales by executives under 10b5-1 plans are common and are generally not seen as a negative signal, as they are pre-planned and often for personal financial management.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and financial planning across the tech industry.
• Many executives at comparable companies like Apple, Microsoft, and Google also use 10b5-1 plans to manage their stock holdings.
• The volume of shares sold by Mr. Herrington is not unusual for an executive at his level.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on shareholders, as they are part of a pre-planned trading strategy.

Key Dates

Keywords

Amazon, AMZN, Douglas Herrington, stock sale, Rule 10b5-1, insider trading, SEC Form 4