Form 4: Meta Platforms Director Marc Andreessen Acquires Shares Through RSU Settlement

Meta Platforms director Marc Andreessen acquired 1,233 shares of Class A Common Stock through the settlement of Restricted Stock Units.

Summary

• Marc Andreessen, a director at Meta Platforms, acquired 1,233 shares of Class A Common Stock on May 15, 2024.
• The shares were acquired through the settlement of Restricted Stock Units (RSUs).
• The RSUs vested fully on May 15, 2024, and each RSU represents the right to receive one share of Class A Common Stock.
• Following the transaction, Andreessen directly owns 0 shares and indirectly owns 48,131 shares through the LAMA Community Trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a normal part of corporate governance.

Industry Context

This is a routine transaction for a company director, reflecting standard compensation practices using equity-based awards.

Comparison to Industry Standards

• Equity-based compensation, such as RSUs, is a common practice among publicly traded technology companies like Meta Platforms.
• Other tech companies such as Apple, Google, and Microsoft also use RSUs as part of their compensation packages for directors and employees.
• The vesting schedule and settlement of RSUs are typically outlined in the company's compensation policies and are generally consistent across the industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard part of director compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Meta Platforms, Marc Andreessen, Restricted Stock Units, RSU, Class A Common Stock, Director, Share Acquisition, LAMA Community Trust, Beneficial Ownership