Form 4: Amazon Director Jamie S. Gorelick Reports Stock Transactions
SEC Form 4 Filing
Director Jamie S. Gorelick of Amazon.com Inc. reported the vesting of restricted stock units and changes in beneficial ownership of common stock.
Summary
- Jamie S. Gorelick, a director at Amazon, reported a transaction on February 15, 2024, involving the vesting of 1,960 restricted stock units which converted into common stock.
- Following this transaction, Gorelick directly owns 39,033 shares of Amazon common stock.
- Gorelick also has indirect ownership of 59,170 shares through a spouse, 4,351 shares in a trust, and 2,537 shares in another trust.
- The restricted stock units vested at a rate of 1,960 shares on each of February 15, 2022, February 15, 2023, and February 15, 2024.
Sentiment
Score: 7
Explanation: The document is a routine SEC filing related to stock transactions, which is neither positive nor negative in itself. The vesting of stock is a normal part of director compensation.
Industry Context
This is a routine filing related to stock-based compensation for a company director, which is common practice in publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation is a standard practice for directors and executives in publicly traded companies like Amazon.
- The vesting schedule of restricted stock units over multiple years is also a common approach to incentivize long-term performance and retention.
- Other tech companies such as Apple (AAPL), Microsoft (MSFT), and Google (GOOGL) also use similar stock-based compensation plans for their directors and executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it represents a small change in the overall share ownership structure.
- The vesting of stock units is part of the director's compensation and is not expected to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | First vesting date of 1,960 restricted stock units. |
| 02/15/2023 | Second vesting date of 1,960 restricted stock units. |
| 02/15/2024 | Final vesting date of 1,960 restricted stock units and date of reported transaction. |
| 02/20/2024 | Date the form was signed by attorney-in-fact. |
Keywords
Amazon, AMZN, Director, Jamie Gorelick, Stock Transaction, Restricted Stock Units, Beneficial Ownership, SEC Form 4
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