Form 4: Costco Executive Vice President Gary Millerchip Reports Stock Transactions

Executive Vice President Gary Millerchip reports acquisition and disposal of Costco shares related to vesting of restricted stock units.

Summary

• Gary Millerchip, Executive Vice President of Costco Wholesale Corp, reported transactions involving Costco common stock on October 22, 2024.
• Millerchip acquired 3,922 shares of common stock as part of a restricted stock unit grant that vested 20% on October 22, 2024.
• The grant was initially made on March 11, 2024, and the performance conditions for fiscal year 2024 have been met.
• An additional 20% of the shares will vest each year on October 22 for the next four years, contingent upon continued employment.
• Millerchip also disposed of 313.052 shares to cover tax obligations related to the vesting of the restricted stock units at a price of $893.49.
• Following these transactions, Millerchip beneficially owns 13,411.948 shares of Costco common stock.

Sentiment

Score: 6

Explanation: The document reflects routine insider transactions related to executive compensation. It doesn't indicate any significant positive or negative developments for the company.

Positives

• The vesting of restricted stock units indicates that performance conditions for fiscal year 2024 have been met, as determined by the Compensation Committee of the Board of Directors.

Future Outlook

An additional 20% of the restricted stock units will vest each year on October 22 for the next four years, contingent upon continued employment with the Company.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is common for executives to receive stock-based compensation and to have transactions related to vesting schedules and tax obligations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates