Form 4: Oracle EVP Stuart Levey Reports Acquisition of Dividend Equivalents
SEC Form 4 Filing
Oracle's EVP and Chief Legal Officer, Stuart Levey, reports the acquisition of dividend equivalents related to previously granted restricted stock units.
Summary
- Stuart Levey, EVP and Chief Legal Officer of Oracle, filed a Form 4 on October 28, 2024, reporting a transaction.
- The transaction involves the acquisition of 91.439 dividend equivalents related to restricted stock units.
- These dividend equivalents were accrued from restricted stock units granted on November 5, 2022, and the reporting person has elected to defer them.
- The dividend equivalents were calculated using Oracle's closing stock price on October 24, 2024, which was $174.38 per share.
- Following the reported transaction, Levey directly owns 158,376.466 shares.
- The transaction was signed by Aimee Weast, Attorney in Fact for Stuart Levey.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 11/08/22 | Power of Attorney filed for Aimee Weast |
| 11/05/2022 | Date of original restricted stock unit grant |
| 10/24/2024 | Date of dividend payment and transaction date |
| 10/28/2024 | Date of Form 4 filing |
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