Form 4: Oracle Director William G. Parrett Reports Stock Transactions
SEC Filing Form 4
Director William G. Parrett reports acquisition and disposal of Oracle common stock and restricted stock units on May 31, 2024.
Summary
- William G. Parrett, a director of Oracle Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 31, 2024, Parrett acquired 3,303 shares of common stock through the vesting of restricted stock units.
- On the same day, Parrett disposed of 3,303 shares of common stock.
- Parrett also acquired 2,986 restricted stock units, each representing the right to receive one share of common stock.
- Following these transactions, Parrett directly owns 12,614 shares of common stock and indirectly owns 22,975 shares through a trust.
- He also directly owns 2,986 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/04/2019 | Power of Attorney filed |
| 05/31/2024 | Date of earliest transaction: Acquisition and disposal of common stock and restricted stock units |
| 06/03/2024 | Date of Form 4 signature |
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