Form 4: Amazon CFO Brian Olsavsky Awarded 139,665 Restricted Stock Units
SEC Form 4 Filing
Amazon's Senior Vice President and CFO, Brian T. Olsavsky, received 139,665 restricted stock units on April 1, 2024, which will vest over a period of several years.
Summary
- Brian T. Olsavsky, Senior Vice President and CFO of Amazon, was granted 139,665 restricted stock units on April 1, 2024.
- These restricted stock units convert into common stock on a one-for-one basis.
- The vesting schedule for these units is spread out over several years, starting on May 21, 2025, and ending on February 21, 2030.
- The award was made at a price of $0.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There is no negative information.
Positives
- The grant of restricted stock units aligns the CFO's interests with the long-term performance of the company.
- The vesting schedule encourages long-term commitment from the CFO.
Future Outlook
The vesting schedule indicates a long-term incentive plan for the CFO, with the final vesting date in February 2030.
Industry Context
Stock-based compensation is a common practice for large technology companies like Amazon to incentivize and retain key executives.
Comparison to Industry Standards
- The use of restricted stock units is a standard practice for executive compensation in the tech industry.
- Companies like Google (Alphabet), Microsoft, and Apple also use similar equity-based compensation plans for their executives.
- The vesting schedule is typical, with vesting occurring over several years to encourage long-term commitment.
Stakeholder Impact
- The stock award aligns the CFO's interests with those of shareholders, encouraging long-term value creation.
- The vesting schedule may have a minor dilutive effect on existing shareholders over time.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the restricted stock unit award. |
| 05/21/2025 | First vesting date for 5,050 shares. |
| 02/21/2030 | Final vesting date for 8,066 shares. |
Keywords
Restricted Stock Units, Stock Award, Brian Olsavsky, Amazon, CFO, Equity Compensation, Vesting Schedule
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