Form 4: Booking Holdings Executive VP Peter Millones Reports Changes in Beneficial Ownership
SEC Form 4
Executive VP and General Counsel of Booking Holdings, Peter Millones, reports transactions involving common stock, including acquisitions, disposals, and withholding for tax obligations.
Summary
- Peter Millones, Executive VP and General Counsel of Booking Holdings, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- On March 1, 2024, Millones acquired 625 shares of common stock.
- On March 4, 2024, he acquired 2,307 shares and 857 shares of common stock.
- Also on March 4, 2024, 2,140 shares were disposed of to cover tax obligations related to vesting performance share units at a price of $3,499.73.
- An additional 359 shares were disposed of on the same day to cover tax obligations related to vesting restricted stock units at a price of $3,499.73.
- Following these transactions, Millones beneficially owns 15,306 shares of Booking Holdings Inc. common stock.
- The report also mentions performance share units that were granted on March 4, 2021 and March 4, 2022, with vesting and performance achievements noted.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine compensation practices.
Future Outlook
The report indicates future vesting of restricted stock units in installments between the grant date and March 4, 2027, 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 to investors regarding the financial interests of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/04/2021 | Date of performance share unit award grant. |
| 03/04/2022 | Date of performance share unit award grant. |
| 03/01/2024 | Transaction date for acquisition of 625 shares. |
| 03/04/2024 | Transaction date for acquisition and disposal of shares, and vesting of performance share units. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
| 03/04/2025 | Expected vesting date for performance share units granted on March 4, 2022. |
| 03/04/2027 | Latest possible vesting date for restricted stock units. |
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