ORCL.NYSEOracle CORP

Form 4: Oracle EVP Stuart Levey Reports Acquisition of Dividend Equivalents

Sentiment:

SEC Form 4 Filing

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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 July 26, 2024, reporting a transaction.
  • The transaction involves the acquisition of 115.361 dividend equivalents related to restricted stock units.
  • These dividend equivalents were accrued with respect to earned restricted stock units granted on November 5, 2022, and which the reporting person has elected to defer.
  • The dividend equivalents were calculated using Oracle's closing stock price on July 25, 2024, which was $137.82.
  • Following the reported transaction, Levey directly owns 158,285.027 shares of Oracle common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. This filing indicates Stuart Levey's acquisition of dividend equivalents, which is a form of compensation tied to the performance of Oracle's stock.

Key Dates

DateDescription
11/05/2022Date of grant for the restricted stock units to which the dividend equivalents relate.
07/25/2024Date of the transaction (acquisition of dividend equivalents) and the date Oracle paid dividends on its common stock.
07/26/2024Date the Form 4 was filed.

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