Form 4: Booking Holdings CFO David Goulden Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David Goulden, CFO of Booking Holdings Inc., reports transactions involving common stock, including acquisitions, disposals, and shares withheld for tax obligations related to vesting of performance share units and restricted stock units.
Summary
- On March 1, 2024, David Goulden acquired 446 shares of Booking Holdings Inc. common stock.
- On March 4, 2024, he acquired 3,296 shares of common stock.
- Also on March 4, 2024, 3,036 shares were disposed of to cover tax obligations related to vesting performance share units at a price of $3,499.73 per share.
- An additional 525 shares were disposed of on March 4, 2024, to cover tax obligations related to vesting restricted stock units at a price of $3,499.73 per share.
- He acquired 2,899 shares of common stock on March 4, 2024.
- Finally, 1,638 shares were disposed of on March 4, 2024, to cover tax obligations related to vesting restricted stock units at a price of $3,499.73 per share.
- Following these transactions, Goulden directly owns 10,646 shares of Booking Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Future Outlook
The document indicates the expected vesting of performance share units on March 4, 2025, subject to continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Booking Holdings, similar to filings made by executives at Expedia (EXPE) and Airbnb (ABNB).
- The transactions reported, including stock awards and tax-related disposals, are typical components of executive compensation packages in the tech and travel industries.
- The level of detail provided in the explanations of the transactions is consistent with regulatory requirements and industry best practices.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the number of shares held by a key executive.
- Employees holding similar performance share units and restricted stock units may be interested in the vesting details and tax implications.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Acquisition of 446 shares of common stock. |
| 03/04/2021 | Performance share unit award granted, performance achieved, and vested on March 4, 2024. |
| 03/04/2022 | Performance share unit award granted, performance goals achieved, expected to vest on March 4, 2025. |
| 03/04/2024 | Multiple transactions including acquisitions and disposals of shares for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
| 03/04/2025 | Expected vesting date for performance share unit award granted on March 4, 2022. |
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