Form 4: Amazon Senior Vice President David Zapolsky Awarded 139,665 Restricted Stock Units
SEC Form 4 Filing
Amazon's Senior Vice President, David Zapolsky, received 139,665 restricted stock units that vest over a period of several years.
Summary
- David Zapolsky, a Senior Vice President at Amazon, was granted 139,665 restricted stock units on April 1, 2024.
- These restricted stock units will convert into common stock on a one-for-one basis.
- The vesting schedule for these units is spread out over several years, starting May 21, 2025, and ending February 21, 2030.
- The award was granted 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 executive interests with company performance. There are no negative implications.
Positives
- The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The vesting schedule indicates a long-term incentive plan for the executive, aligning their interests with the company's future performance.
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
- Stock-based compensation is a standard practice among large tech companies like Amazon, Google (Alphabet), and Microsoft.
- These companies often use restricted stock units with multi-year vesting schedules to align executive interests with long-term company performance.
- The vesting schedule of Amazon's award is typical, with vesting occurring over several years.
Stakeholder Impact
- Shareholders may view this as a positive sign of aligning executive interests with long-term company performance.
- Employees may see this as a standard practice for executive compensation.
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, Executive Compensation, Vesting Schedule, Amazon, AMZN, David Zapolsky
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