Form 4: Oracle Executive Edward Screven Reports Changes in Beneficial Ownership
SEC Filing
Oracle's Chief Corporate Architect, Edward Screven, reports the acquisition of dividend equivalents related to previously granted restricted stock units.
Summary
- Edward Screven, Oracle's Chief Corporate Architect, filed a Form 4 detailing changes in his beneficial ownership of Oracle securities.
- The report indicates the acquisition of dividend equivalents accrued on restricted stock units granted in 2017 and 2018.
- These dividend equivalents were calculated using Oracle's closing stock price of $174.38 on October 24, 2024, the date dividends were paid.
- Screven acquired 153.73 dividend equivalents related to the 2017 grant and 1,205.065 dividend equivalents related to the 2018 grant.
- Following these transactions, Screven directly owns 67,172.319 restricted stock units related to the 2017 grant and 526,553.3 restricted stock units related to the 2018 grant.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and neither positive nor negative in sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates routine accrual of dividend equivalents on existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 09/05/2017 | Date of grant for some of the restricted stock units. |
| 12/05/2018 | Date of grant for some of the restricted stock units. |
| 10/24/2024 | Date of transaction and dividend payment; Oracle's closing stock price was $174.38. |
| 10/28/2024 | Date of Form 4 filing. |
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