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 multiple transactions involving company stock, including a gift, tax withholdings, and shares from vesting restricted stock units.
Summary
- Timothy S. Teter, an executive at NVIDIA, reported several transactions involving NVIDIA common stock.
- On July 1, 2024, Mr. Teter received 48,359 shares as a gift and another 48,359 shares were transferred to a family trust.
- On September 18, 2024, 56,687 shares were withheld to cover taxes related to vesting restricted stock units.
- Mr. Teter's direct holdings of NVIDIA stock are now 721,704 shares.
- He also indirectly holds 2,361,409 shares through The Horne Teter Family Living Trust.
- The reported transactions include a gift, tax withholdings, and shares from vesting restricted stock units.
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it reports routine stock transactions by an executive. There is no indication of positive or negative news.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The transactions reported are typical for executives who receive stock-based compensation, including vesting of restricted stock units and tax withholdings.
- The use of a family trust for holding shares is a common practice for estate planning purposes.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2019 | Date of The Horne Teter Family Living Trust. |
| 07/01/2024 | Date of gift of 48,359 shares and transfer of 48,359 shares to a family trust. |
| 09/18/2024 | Date of tax withholding of 56,687 shares. |
| 09/20/2024 | Date of filing of the Form 4. |
Keywords
NVIDIA, stock transactions, insider trading, Form 4, executive compensation, equity, restricted stock units, tax withholding, beneficial ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.