Form 4: Oracle Director Leon Panetta Exercises Stock Options and Sells Shares
SEC Form 4
Director Leon Panetta exercised stock options and sold Oracle shares on July 18, 2024.
Summary
- On July 18, 2024, Leon E. Panetta, a director of Oracle Corp, exercised stock options to acquire 15,000 shares of common stock at a price of $43.51 per share.
- Simultaneously, Panetta sold 15,000 shares of Oracle common stock at a price of $137.89 per share.
- Following these transactions, Panetta directly owns 58,090 shares through the Panetta Family Trust and 0 shares directly.
- The stock option was exercisable as to 25% of the shares annually on each anniversary of the grant date, with an expiration date of January 19, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which are common among corporate executives and directors. The filing provides transparency into the trading activities of Oracle's leadership.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/04/2019 | Power of Attorney filed for Aimee Weast to act as Attorney in Fact for Leon E. Panetta |
| 07/18/2024 | Transaction date: Leon Panetta exercised stock options and sold shares. |
| 07/19/2024 | Date of signature for the Form 4 filing. |
| 01/19/2025 | Expiration date of the stock options. |
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