Form 4: Oracle EVP, Chief Legal Officer Stuart Levey Reports Acquisition of Restricted Stock Units

Stuart Levey, EVP and Chief Legal Officer of Oracle, reports the acquisition of 83,538 restricted stock units.

Summary

• Stuart Levey, the EVP and Chief Legal Officer of Oracle, filed a Form 4 on September 23, 2024, reporting a transaction.
• On September 19, 2024, Levey acquired 83,538 restricted stock units (RSUs).
• These RSUs vest in four equal annual installments, starting one year from the grant date.
• Each RSU represents the right to receive one share of Oracle common stock upon settlement.
• Following the reported transaction, Levey directly owns 83,538 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the executive's continued contribution.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The vesting of the restricted stock units over the next four years suggests an expectation of continued service and contribution from the executive.

Industry Context

Stock grants and RSU awards are a common form of executive compensation in the tech industry, used to attract and retain talent.

Comparison to Industry Standards

• Executive compensation packages, including stock options and RSUs, are standard practice among large tech companies like Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
• The size and vesting schedule of the RSU grant are likely benchmarked against peer companies to ensure competitive compensation for the Chief Legal Officer.

Stakeholder Impact

• The RSU grant aligns the executive's interests with shareholders, potentially driving long-term value creation.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates