Form 4: Oracle EVP Stuart Levey Reports Stock Transactions

Oracle's EVP and Chief Legal Officer, Stuart Levey, reports the acquisition and disposal of Oracle common stock and restricted stock units on September 15, 2024.

Summary

• On September 15, 2024, Stuart Levey, EVP and Chief Legal Officer of Oracle, reported transactions involving Oracle common stock and restricted stock units.
• Levey acquired 26,336 shares of common stock through the vesting of restricted stock units.
• Simultaneously, 12,721 shares were disposed of to cover tax liabilities at a price of $162.03 per share.
• Following these transactions, Levey directly owns 13,615 shares of common stock and 79,011 restricted stock units.
• The restricted stock units vest in four equal annual installments, starting one year from the grant date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation activity.

Future Outlook

The restricted stock units vest in four equal annual installments, beginning on the first anniversary of the date of grant, indicating future potential stock acquisitions.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders, providing transparency into executive compensation.
• The disposal of shares to cover tax liabilities may slightly increase the available float of Oracle stock.

Key Dates