Form 4: Leon E. Panetta Reports Oracle Corp Stock Transactions
SEC Form 4
Director Leon E. Panetta reports acquisition and disposal of Oracle Corp stock and restricted stock units on May 31, 2024.
Summary
- Leon E. Panetta, a director of Oracle Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 31, 2024, Panetta acquired 3,303 shares of common stock through the vesting of restricted stock units.
- Also on May 31, 2024, Panetta was granted 2,986 restricted stock units, which vest 100% on the first anniversary of the grant date.
- Following these transactions, Panetta indirectly owns 58,090 shares of Oracle common stock through the Panetta Family Trust.
- Panetta also directly owns 2,986 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The restricted stock units vest 100% on the first anniversary of the grant date.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock and restricted stock unit transactions |
| 06/03/2024 | Date of Form 4 filing |
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