Form 4: Meta Platforms' Chief Product Officer Christopher Cox Reports Stock Transactions
SEC Form 4 Filing
Christopher Cox, Chief Product Officer of Meta Platforms, reported the acquisition and disposal of Class A Common Stock and Restricted Stock Units on February 15, 2025.
Summary
- On February 15, 2025, Christopher Cox, the Chief Product Officer of Meta Platforms, reported transactions involving Meta's Class A Common Stock and Restricted Stock Units (RSUs).
- Cox acquired shares of Class A Common Stock through the vesting of RSUs, with 4,721, 5,471, 6,791, and 2,679 shares acquired from different RSU grants.
- These RSUs vest quarterly, with vesting schedules beginning on May 15 of 2021, 2022, 2023, and 2024.
- 9,549 shares were withheld by Meta Platforms to cover income tax obligations related to the RSU settlements.
- Following these transactions, Cox directly owns 348,686 shares of Class A Common Stock and indirectly owns 55,046 shares through the Cox-Vadakan Irrevocable Remainder Trust.
- Cox also holds derivative securities in the form of RSUs, with varying numbers of underlying Class A Common Stock shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among executives of publicly traded companies. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like Meta, similar to filings made by executives at companies like Apple (AAPL), Alphabet (GOOGL), and Amazon (AMZN).
- The vesting schedules of RSUs, such as the quarterly vesting described in the document, are typical compensation structures used by tech companies to incentivize long-term employment, similar to those used by Microsoft (MSFT) and Netflix (NFLX).
Key Dates
| Date | Description |
|---|---|
| 05/15/2021 | Beginning date for quarterly vesting of 1/16th of the total RSUs for one grant, subject to continued service. |
| 05/15/2022 | Beginning date for quarterly vesting of 1/16th of the total RSUs for one grant, subject to continued service. |
| 05/15/2023 | Beginning date for quarterly vesting of 1/16th of the total RSUs for one grant, subject to continued service. |
| 05/15/2024 | Beginning date for quarterly vesting of 1/16th of the total RSUs for one grant, subject to continued service. |
| 02/15/2025 | Date of the reported transactions: acquisition and disposal of Class A Common Stock and RSUs. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Meta Platforms, Christopher Cox, Class A Common Stock, Restricted Stock Units, RSU, Beneficial Ownership, Form 4, SEC, Insider Trading
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