Form 4: Albert Gore Jr. Settles Apple Restricted Stock Units
SEC Form 4 Filing
Albert Gore Jr., a director at Apple Inc., settled 1,852 restricted stock units for common stock on February 1, 2024.
Summary
- Albert Gore Jr., a director at Apple Inc., has reported a transaction involving the settlement of restricted stock units.
- On February 1, 2024, 1,852 restricted stock units were settled, resulting in the acquisition of 1,852 shares of Apple common stock.
- The restricted stock units were granted on March 10, 2023, and vested entirely on February 1, 2024.
- Following this transaction, Mr. Gore directly owns 468,995 shares of Apple common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The settlement of stock units is a positive for the recipient.
Positives
- The settlement of restricted stock units indicates that Mr. Gore is receiving compensation in the form of company stock, aligning his interests with shareholders.
- The vesting of the restricted stock units suggests that Mr. Gore has met the conditions for receiving the shares.
Industry Context
This is a routine filing related to the compensation of a company director. It is common for companies to use restricted stock units as part of executive compensation packages.
Comparison to Industry Standards
- The use of restricted stock units is a standard practice for compensating directors and executives in publicly traded companies like Apple.
- Many technology companies, such as Microsoft, Google, and Amazon, also use similar equity-based compensation plans for their directors and executives.
- The vesting schedule of the restricted stock units, with full vesting after approximately 11 months, is within the typical range for such awards.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
- The transaction has no material impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2023-03-10 | Date the restricted stock units were granted to Albert Gore Jr. |
| 2024-02-01 | Date the restricted stock units vested and were settled for common stock. |
| 2024-02-05 | Date the Form 4 was signed and filed. |
Keywords
restricted stock units, stock settlement, insider trading, director, equity, AAPL, Apple
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