Form 4: Amazon Vice President Shelley Reynolds Awarded 25,647 Restricted Stock Units
SEC Form 4 Filing
Amazon Vice President Shelley Reynolds received 25,647 restricted stock units that will vest over a period of several years.
Summary
- Shelley Reynolds, a Vice President at Amazon, was granted 25,647 restricted stock units on April 1, 2024.
- These restricted stock units convert to common stock on a one-for-one basis.
- The vesting schedule for these units is spread out over several years, starting with 2,772 shares vesting on August 21, 2024, and continuing until February 21, 2030.
- The award was reported in a Form 4 filing with the SEC.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.
Positives
- The grant of restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The vesting schedule indicates a long-term incentive plan for the executive.
Industry Context
The granting of restricted stock units is a common practice for executive compensation in publicly traded companies, particularly in the technology sector.
Comparison to Industry Standards
- Many large tech companies like Apple, Google, and Microsoft use restricted stock units as part of their executive compensation packages.
- The vesting schedule is typical for such awards, designed to retain talent and align executive interests with long-term shareholder value.
- The number of units awarded is specific to the individual and their role within the company, and is not directly comparable to other companies without further context.
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. |
| 08/21/2024 | First vesting date for 2,772 shares. |
| 02/21/2030 | Final vesting date for 1,184 shares. |
| 04/03/2024 | Date of the Form 4 filing. |
Keywords
Restricted Stock Units, RSU, Stock Award, Executive Compensation, Form 4, Insider Trading, Amazon, AMZN, Shelley Reynolds
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