Form 4: EBay Director Zane Rowe Acquires Shares in Lieu of Cash Fees
SEC Form 4 Filing
Director Zane Rowe acquired 380 shares of eBay common stock on February 1, 2025, in lieu of cash retainer fees for board service.
Summary
- On February 1, 2025, Zane Rowe, a director of eBay Inc., acquired 380 shares of eBay's 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 determined 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, Rowe directly owns 3,425 shares of eBay common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Directors receiving stock in lieu of cash compensation is a common practice to align their interests with shareholders and conserve company cash.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning his interests with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 2025-01-13 | Date of Power of Attorney execution. |
| 2025-02-01 | Date of transaction: Zane Rowe acquired 380 shares of eBay common stock. |
| 2025-02-04 | Date of signature for the Form 4 filing. |
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