Form 4: Oracle Executive Edward Screven Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Oracle's Chief Corporate Architect, Edward Screven, acquired restricted stock units through dividend equivalents, as reported in a recent SEC filing.
Summary
- Edward Screven, Chief Corporate Architect at Oracle, has reported the acquisition of restricted stock units.
- These units were acquired through dividend equivalents accrued on previously granted restricted stock units.
- The dividend equivalents were calculated using Oracle's closing stock price of $186.47 on January 23, 2025.
- A total of 144.092 units were acquired related to grants from September 5, 2017, and 1,129.519 units were acquired related to grants from December 5, 2018.
- The total value of the acquired units is $26,879.99 and $210,699.99 respectively, based on the closing price on the date of the dividend payment.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns executive interests with shareholder value. There are no negative implications.
Positives
- The acquisition of restricted stock units indicates continued alignment of executive interests with shareholder value.
- The dividend equivalents demonstrate a return on previously granted equity.
Industry Context
This filing is a routine disclosure of executive compensation in the form of equity, which is common practice in the technology industry.
Comparison to Industry Standards
- Equity-based compensation, such as restricted stock units, is a standard practice among large technology companies like Oracle, Microsoft, and Google.
- These companies often use stock grants and dividend equivalents to align executive interests with long-term shareholder value.
- The specific amounts and terms of these grants vary based on individual performance and company policy, but the general structure is consistent across the industry.
Stakeholder Impact
- The acquisition of restricted stock units by an executive may be viewed positively by shareholders as it aligns management's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 09/05/2017 | Date of original restricted stock unit grant related to the first dividend equivalent acquisition. |
| 12/05/2018 | Date of original restricted stock unit grant related to the second dividend equivalent acquisition. |
| 01/23/2025 | Date of dividend payment and calculation of dividend equivalents using Oracle's closing stock price of $186.47. |
| 01/27/2025 | Date of filing of the SEC Form 4. |
Keywords
Oracle, Restricted Stock Units, Dividend Equivalents, SEC Form 4, Edward Screven, Executive Compensation, Equity
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