Form 4: Meta Platforms' CTO Andrew Bosworth Reports Stock Transactions
SEC Form 4 Filing
Andrew Bosworth, Meta Platforms' Chief Technology Officer, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Andrew Bosworth, the Chief Technology Officer of Meta Platforms, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On February 15, 2025, Bosworth acquired and disposed of Class A Common Stock through various transactions, including the vesting and settlement of Restricted Stock Units (RSUs).
- He acquired 5,479 shares and 4,720 shares of Class A Common Stock at $0, and disposed of 5,060 shares at $736.67.
- He also acquired 5,471 shares and 6,791 shares of Class A Common Stock at $0.
- Additionally, 6,080 shares were withheld by the issuer to satisfy income tax obligations related to RSU settlements.
- Following these transactions, Bosworth directly owns 11,321 shares of Class A Common Stock and indirectly owns 66,329 shares through the Andrew Bosworth Living Trust.
- He also holds 54,328 Restricted Stock Units (RSUs) representing a contingent right to receive Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and RSUs to align management's interests with those of shareholders, similar to practices at companies like Alphabet (Google) and Amazon.
- The vesting schedules of RSUs, such as the quarterly vesting described in the document, are standard practice across the tech industry to incentivize long-term employment.
- Tax withholding practices related to RSU settlements are also consistent with industry norms.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
- Employees holding RSUs are impacted by the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| 02/15/2021 | RSUs vest quarterly as to 1/20th of the total RSUs, beginning on this date, subject to continued service through each vesting date. |
| 02/15/2022 | RSUs vest quarterly as to 1/16th of the total RSUs, beginning on this date, subject to continued service through each vesting date. |
| 05/15/2022 | RSUs vest quarterly as to 1/16th of the total RSUs, beginning on this date, subject to continued service through each vesting date. |
| 05/15/2023 | RSUs vest quarterly as to 1/16th of the total RSUs, beginning on this date, subject to continued service through each vesting date. |
| 02/15/2025 | Date of earliest transaction reported: Acquisition and disposal of Class A Common Stock and RSUs. |
| 02/19/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Meta Platforms, Andrew Bosworth, Stock Transactions, RSUs, Class A Common Stock
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