Form 4: Dropbox Executive Eric Cox Reports Stock Transaction
SEC Form 4 Filing
Chief Customer Officer of Dropbox, Eric Cox, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Eric Cox, Chief Customer Officer of Dropbox, filed a Form 4 on May 17, 2024, reporting a transaction on May 15, 2024.
- The transaction involved the withholding of 10,520 shares of Class A Common Stock at a price of $24.02 per share to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Cox beneficially owns 359,007 shares of Dropbox, Inc.
- Certain of these securities are restricted stock units, each representing the right to receive one share of Class A Common Stock, vesting through November 15, 2027.
- Unvested restricted stock units will be cancelled if Cox ceases to be a Service Provider.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and has a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 12/12/2023 | Date of execution for Limited Power of Attorney for securities law compliance. |
| 05/15/2024 | Date of the stock transaction (tax withholding). |
| 05/17/2024 | Date of Form 4 filing. |
| 11/15/2027 | Final vesting date for restricted stock units. |
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