Form 4: Autodesk Interim CFO Betsy Rafael Reports Stock Transactions
SEC Form 4 Filing
Interim CFO Betsy Rafael reports the acquisition and disposal of Autodesk stock, including shares withheld for taxes and restricted stock units.
Summary
- On July 16, 2024, Betsy Rafael, Interim CFO of Autodesk, Inc., reported transactions involving Autodesk common stock.
- 50 shares were disposed of to cover taxes at a price of $253.82 per share.
- Rafael also acquired 984 shares of restricted stock units (RSUs) at $0.
- Following these transactions, Rafael beneficially owns 4,171 shares, including 984 unvested RSUs.
- A Power of Attorney was executed on January 30, 2024, granting certain individuals the authority to complete and file SEC forms on Rafael's behalf.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions and a power of attorney, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the financial interests of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) as a way to align management's interests with those of shareholders.
- The vesting schedule of these RSUs, tied to the annual meeting date, is a common practice.
- Companies like Adobe, Microsoft, and Oracle also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
- The filing provides transparency to stakeholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2024-01-30 | Date of execution of Power of Attorney. |
| 2024-07-16 | Date of stock transactions (disposal and acquisition of RSUs). |
| 2024-07-17 | Date of signature on the Form 4 filing. |
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