Form 4: Oracle EVP Maria Smith Reports Stock Transactions
SEC Form 4 Filing
Maria Smith, EVP and Chief Accounting Officer of Oracle, reports the acquisition and disposal of Oracle common stock and restricted stock units.
Summary
- Maria Smith, EVP and Chief Accounting Officer of Oracle, filed a Form 4 detailing changes in beneficial ownership.
- On September 15, 2024, 13,168 shares of common stock were acquired through the vesting of restricted stock units.
- Also on September 15, 2024, 6,848 shares were disposed of to cover tax liabilities at a price of $162.03.
- On September 16, 2024, 6,320 shares were sold at a price of $165.
- Following these transactions, Smith directly owns 42,889 shares of Oracle common stock and 39,506 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates Maria Smith's transactions in Oracle stock, which is typical for executives with stock-based compensation.
Comparison to Industry Standards
- Executive stock transactions are common across publicly traded companies like Oracle.
- Companies such as Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) also have executives who regularly report stock transactions via Form 4 filings.
- The vesting and subsequent sale of shares to cover tax obligations is a standard practice among executives receiving equity compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent a small fraction of the total outstanding shares.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/04/2023 | Power of Attorney filed for Maria Smith |
| 09/15/2024 | Acquisition of 13,168 shares via restricted stock unit vesting |
| 09/15/2024 | Disposal of 6,848 shares for tax liability at $162.03 |
| 09/16/2024 | Sale of 6,320 shares at $165 |
| 09/17/2024 | Date of Form 4 signature |
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.