Form 4: Oracle Executive Edward Screven Reports Changes in Beneficial Ownership
SEC Form 4 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 previously granted restricted stock units.
- These dividend equivalents were calculated using Oracle's closing stock price of $137.82 on July 25, 2024, the date dividends were paid on Oracle's common stock.
- Screven acquired 193.948 dividend equivalents related to restricted stock units granted on September 5, 2017, and 1,520.325 dividend equivalents related to restricted stock units granted on December 5, 2018.
- Screven has elected to defer these dividend equivalents.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing is specific to dividend equivalents on previously granted stock.
Key Dates
| Date | Description |
|---|---|
| September 5, 2017 | Date of grant for some of the restricted stock units related to the dividend equivalents. |
| December 5, 2018 | Date of grant for some of the restricted stock units related to the dividend equivalents. |
| December 7, 2018 | Date Power of Attorney was filed. |
| July 25, 2024 | Date of the dividend payment and the transaction date for the acquisition of dividend equivalents. |
| July 26, 2024 | Date of the report filing. |
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