Form 4: Marc Andreessen Acquires Meta Platforms Restricted Stock Units

Meta Platforms director Marc Andreessen acquired 642 restricted stock units (RSUs) on June 17, 2024, which will vest on May 15, 2025, or earlier under certain conditions.

Summary

• Marc Andreessen, a director at Meta Platforms, acquired 642 restricted stock units (RSUs) on June 17, 2024.
• Each RSU represents the right to receive one share of Meta's Class A common stock upon vesting.
• The RSUs are scheduled to vest 100% on May 15, 2025.
• However, if Meta's 2025 Annual Meeting of Shareholders occurs before May 15, 2025, and Andreessen is not re-elected, the RSUs will vest on the date of the meeting.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of RSU acquisition by a director, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs will vest on May 15, 2025, or earlier if the 2025 Annual Meeting of Shareholders occurs before that date and the director is not re-elected.

Industry Context

This is a standard transaction for directors of public companies, often used as part of their compensation package to align their interests with those of shareholders.

Comparison to Industry Standards

• The use of RSUs as part of director compensation is common practice among large technology companies like Meta.
• Companies such as Apple, Google (Alphabet), and Microsoft also frequently grant RSUs to their directors and executives as part of their overall compensation packages.
• The vesting schedule of these RSUs is typical, with a vesting period of approximately one year, which is standard for many companies.

Stakeholder Impact

• The acquisition of RSUs by a director can be seen positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Restricted Stock Units, RSU, Meta Platforms, Marc Andreessen, Director, Stock Acquisition, Vesting