Form 4: F5, Inc. Executive Kara Lynn Sprague Reports Stock Transactions
SEC Form 4 Filing
Kara Lynn Sprague, EVP & GM of Application Services at F5, Inc., reports the vesting and disposal of restricted stock units and common stock.
Summary
- Kara Lynn Sprague, an executive at F5, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On November 1, 2024, Sprague acquired 2,779 shares of common stock upon the vesting of restricted stock units.
- Also on November 1, 2024, Sprague disposed of 6,754 shares of common stock at a price of $233.88.
- Following these transactions, Sprague directly owns 71,444 shares of F5, Inc. common stock and holds 8,338 restricted stock units.
- The restricted stock units vest in quarterly increments.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment. It's a neutral reporting event.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules described are typical for service-based restricted stock unit awards.
Stakeholder Impact
- Shareholders may use this information to understand executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 11/01/2021 | Date of service-based Restricted Stock Units award that vests in twelve equal quarterly increments beginning February 1, 2022. |
| 02/01/2022 | Start date for vesting of November 1, 2021 award of service-based Restricted Stock Units in twelve equal quarterly increments. |
| 11/01/2022 | Date of service-based Restricted Stock Units award that vests in twelve equal quarterly increments beginning February 1, 2023. |
| 02/01/2023 | Start date for vesting of November 1, 2022 award of service-based Restricted Stock Units in twelve equal quarterly increments. |
| 11/01/2023 | Date of service-based Restricted Stock Units award that vests in twelve equal quarterly increments beginning February 1, 2024. |
| 02/01/2024 | Start date for vesting of November 1, 2023 award of service-based Restricted Stock Units in twelve equal quarterly increments. |
| 11/01/2024 | Date of transactions: acquisition of common stock upon vesting of restricted stock units and disposal of common stock. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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