Form 4: Microsoft Director Teri List Reports Acquisition of 132 Shares and Vested Restricted Stock Units

Microsoft Director Teri List has reported the acquisition of 132 shares of common stock and the full vesting of 22,848.17 restricted stock units, as detailed in a recent SEC Form 4 filing.

Summary

• Teri List, a Director of Microsoft Corporation (MSFT), reported the acquisition of 132 shares of common stock on June 10, 2025.
• This acquisition was a stock award, granted at a price of $0, and was fully vested on the date of grant.
• Following this transaction, Teri List directly owns 132 shares and indirectly owns 2,415 shares through a trust.
• Additionally, 22,848.17 Restricted Stock Units (RSUs) held by Teri List are fully vested, with each RSU representing a contingent right to receive one share of Microsoft common stock.
• Delivery of shares from these vested RSUs will occur 30 days after Teri List's separation from service to the Board of Directors.
• A Power of Attorney dated September 16, 2024, was filed, granting specific individuals, including Julia Stark, authority to execute and file Form 4 and Form 5 on behalf of Teri List for Microsoft securities transactions.

Sentiment

Score: 7

Explanation: The filing reports a routine stock award to a director, indicating standard compensation and alignment of interests, which is generally positive for corporate governance and investor confidence, but not a major market-moving event.

Positives

• Director Teri List received a stock award, aligning her financial interests with those of Microsoft shareholders.
• The full vesting of 22,848.17 Restricted Stock Units indicates continued long-term compensation and commitment for the director.

Negatives

• No negative information is present in this routine insider transaction filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The document indicates that shares from vested Restricted Stock Units will be delivered 30 days after Teri List's separation from service to the Board of Directors, which is a future event contingent on her tenure.

Industry Context

This filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard executive and director compensation practices within the technology sector, where equity awards are a significant component of remuneration.

Comparison to Industry Standards

• The use of stock awards and Restricted Stock Units (RSUs) as part of director compensation is a common practice across major U.S. corporations, including those in the technology sector like Apple, Google (Alphabet), and Amazon.
• The structure of RSU vesting and delivery upon separation from service is a standard mechanism to align long-term interests and retain board members.
• The disclosure of such transactions via Form 4 is a regulatory requirement for all Section 16 insiders, ensuring transparency in line with global corporate governance benchmarks.

Corporate Governance

Stakeholder Impact

• Shareholders: The stock award aligns the director's financial interests with those of the shareholders, potentially fostering better long-term decision-making.

Next Steps

• Delivery of shares from vested Restricted Stock Units to Teri List 30 days after her separation from service to the Board of Directors.
• Future Form 4 and Form 5 filings for Teri List will be executed and filed by the newly authorized Attorneys-In-Fact.

Key Dates

Recommendation

Keywords

Microsoft, MSFT, Form 4, Insider Transaction, Stock Award, Restricted Stock Units, Director Compensation, Teri List, SEC Filing, Corporate Governance