Form 4: EBay Director Logan Green Acquires Shares in Lieu of Cash Retainer Fees
SEC Form 4 Filing
Director Logan Green acquired 409 shares of eBay common stock on November 1, 2024, in lieu of cash retainer fees for board service.
Summary
- On November 1, 2024, Logan Green, a director of eBay Inc., acquired 409 shares of common stock.
- The acquisition was made in lieu of cash retainer fees payable for service on eBay's Board of Directors and any committees.
- The number of shares was calculated by dividing the amount of the fees by eBay's closing stock price on the date the fees would have been paid, rounded up to the nearest whole share.
- Following the transaction, Green directly owns 43,889 shares of eBay common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash indicates confidence in the company's stock.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Directors often receive compensation in the form of stock to align their interests with those of shareholders. This is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transaction: Logan Green acquired 409 shares of eBay common stock. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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