Form 4: Microsoft Director Sandra E. Peterson Disposes of Shares and Acquires Restricted Stock Units
SEC Form 4 Filing
Microsoft director Sandra E. Peterson disposed of 5,400 common shares and acquired 40,358 restricted stock units on June 13, 2024.
Summary
- Sandra E. Peterson, a director at Microsoft, reported a transaction involving the company's stock on June 13, 2024.
- She disposed of 5,400 common shares.
- Additionally, she acquired 40,358 restricted stock units, each representing a contingent right to receive one share of Microsoft common stock.
- These restricted stock units are fully vested and will be delivered 30 days after her separation from the Board of Directors.
- Dividend equivalent rights accrue on these units and become exercisable proportionately.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions, which are common for directors of publicly traded companies like Microsoft. These transactions are closely monitored by regulators and investors for any potential implications.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Microsoft's filings are consistent with those of other large tech companies such as Apple (AAPL), Amazon (AMZN), and Google (GOOG).
- The reporting of stock disposals and acquisitions of restricted stock units by directors is a common occurrence and is generally in line with industry norms.
- The vesting and delivery terms of the restricted stock units are also typical for executive compensation packages.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as they are routine for a company director.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the stock disposal and restricted stock unit acquisition. |
| 06/14/2024 | Date the Form 4 was signed. |
Keywords
Microsoft, MSFT, Director, Stock Transaction, Restricted Stock Units, Share Disposal, Insider Trading, Form 4
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