Form 4: Microsoft Director Teri List Reports Acquisition of Restricted Stock Units

Microsoft Director Teri List has reported the acquisition of 39.601 restricted stock units, which are fully vested and will be delivered upon her separation from service to the Board.

Summary

• The filing is a Form 4, Statement of Changes in Beneficial Ownership, for Teri List, a Director at Microsoft Corporation (MSFT).
• On June 12, 2025, Teri List acquired 39.601 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Microsoft common stock.
• Dividend equivalent rights accrue on these RSUs when and as dividends are paid on Microsoft's common stock, becoming exercisable proportionately with the related RSUs.
• The acquired Restricted Stock Units are fully vested.
• Delivery of the shares underlying these RSUs to Teri List will be made 30 days after her separation from service to the Board of Directors.
• Following this transaction, Teri List directly owns 132 shares of Microsoft Common Stock and indirectly owns 2,415 shares via a Trust.
• She also beneficially owns a total of 22,887.771 derivative securities, specifically Restricted Stock Units, directly.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of equity compensation for a director, which is a standard practice and generally viewed as a neutral to slightly positive event as it aligns director interests with shareholders. There are no negative implications or significant surprises.

Positives

• Director Teri List acquired additional equity in Microsoft, which generally aligns her interests with those of the company's shareholders.
• The acquired Restricted Stock Units are fully vested, indicating a confirmed entitlement to the underlying shares upon the specified future event.

Future Outlook

The shares underlying the acquired Restricted Stock Units will be delivered to the reporting person 30 days after her separation from service to the Board of Directors.

Industry Context

This Form 4 filing is a routine disclosure of insider equity transactions, common for publicly traded companies like Microsoft. It reflects standard compensation practices for directors, where equity awards are used to align their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of additional equity by a director aligns their financial interests with those of the shareholders, potentially fostering decisions that enhance long-term shareholder value.

Next Steps

• Delivery of shares to Teri List 30 days after her separation from service to the Board of Directors.

Key Dates

Keywords

Microsoft, MSFT, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Director Compensation, Equity Compensation, Teri List