Form 4: NVIDIA Executive Timothy S. Teter Reports Stock Transactions
SEC Form 4 Filing
NVIDIA's EVP, General Counsel and Secretary, Timothy S. Teter, reported the acquisition and disposal of company stock, including shares withheld for tax obligations.
Summary
- Timothy S. Teter, an executive at NVIDIA, reported several transactions involving NVIDIA common stock.
- On October 3, 2024, Mr. Teter received 48,324 shares as a gift, and another 48,324 shares were transferred to The Horne Teter Family Living Trust.
- On December 11, 2024, 56,688 shares were disposed of at a price of $135.07 per share to cover tax obligations related to vesting restricted stock units.
- Following these transactions, Mr. Teter directly owns 616,692 shares and indirectly owns 2,409,733 shares through The Horne Teter Family Living Trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies like NVIDIA. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and NVIDIA's filing is consistent with these requirements.
- Other technology companies such as Apple, Microsoft, and AMD also have executives who regularly file Form 4s to report their stock transactions.
- The transactions reported are typical for executives who receive stock-based compensation and need to cover tax obligations upon vesting.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 02/01/2019 | Date of The Horne Teter Family Living Trust. |
| 10/03/2024 | Date of gift and transfer of NVIDIA shares. |
| 12/11/2024 | Date of stock disposal for tax obligations. |
| 12/13/2024 | Date of signature for the Form 4 filing. |
Keywords
NVIDIA, stock transactions, insider trading, Form 4, executive compensation, equity, Timothy S. Teter, restricted stock units
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