Form 4: Microsoft Director Sandra E. Peterson Reports Stock Transaction and Updates Power of Attorney

Microsoft director Sandra E. Peterson reported the disposal of 5,400 common stock shares and the acquisition of 277.068 restricted stock units, while also updating her power of attorney.

Summary

• Sandra E. Peterson, a director at Microsoft, filed a Form 4 disclosing a transaction involving Microsoft stock.
• The transaction included the disposal of 5,400 common stock shares.
• Peterson also acquired 277.068 restricted stock units, which are fully vested and represent a contingent right to receive one share of Microsoft common stock each.
• The delivery of shares from the restricted stock units will occur 30 days after Peterson's separation from service to the Board of Directors.
• Additionally, Peterson revoked her previous power of attorney and granted new power of attorney to several individuals for the purpose of executing and filing Form 4 and Form 5 filings related to Microsoft securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, with no significant positive or negative implications. It reflects standard insider trading activity and updates to legal authorizations.

Future Outlook

The delivery of shares from the restricted stock units will occur 30 days after Peterson's separation from service to the Board of Directors.

Industry Context

This is a routine filing for a company director, disclosing changes in beneficial ownership of company stock, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the Securities and Exchange Commission.
• The reporting of stock transactions and changes in beneficial ownership is consistent with the requirements for directors of publicly traded companies like Microsoft.
• The use of restricted stock units as part of executive compensation is a common practice among large technology companies, including Microsoft's competitors such as Apple, Google, and Amazon.

Stakeholder Impact

• The stock transaction is unlikely to have a significant impact on shareholders, as it is a relatively small transaction by a single director.
• The updated power of attorney is a procedural matter and does not directly impact stakeholders.

Key Dates

Keywords

Form 4, Microsoft, Stock Transaction, Restricted Stock Units, Power of Attorney, Director, Beneficial Ownership, Securities