Form 4: GoDaddy CFO Sells Shares to Cover Tax Obligations and Employee Stock Purchase Plan

GoDaddy's Chief Financial Officer, Mark McCaffrey, sold shares to cover tax obligations related to vesting restricted stock units and acquired shares through the company's employee stock purchase plan.

Summary

• GoDaddy's Chief Financial Officer, Mark McCaffrey, sold 624 shares of Class A Common Stock on July 2, 2024, at a price of $141.7141 per share.
• These sales were to cover tax withholding obligations related to the vesting of restricted stock units.
• Additionally, Mr. McCaffrey sold 480 shares of Class A Common Stock on January 6, 2025, at a price of $201.29 per share.
• Mr. McCaffrey also acquired 58 shares through the company's 2015 Employee Stock Purchase Plan on May 15, 2024.
• Following these transactions, Mr. McCaffrey beneficially owns 83,254 shares of GoDaddy Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any positive or negative sentiment.

Positives

• The acquisition of 58 shares through the Employee Stock Purchase Plan indicates participation in company programs.
• The transactions are in line with company policy for tax obligations related to vesting restricted stock units.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend or issue within the company or the industry.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, especially those with stock-based compensation plans.
• The sale of shares to cover tax obligations is a standard practice.
• Employee stock purchase plans are also a common benefit offered by many companies, including GoDaddy's competitors.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and related to executive compensation.

Key Dates

Keywords

GoDaddy, GDDY, SEC Form 4, insider trading, stock sale, employee stock purchase plan, restricted stock units, tax obligations, Mark McCaffrey, CFO