Form 4: Oracle Executive Edward Screven Reports Stock Transactions
SEC Form 4 Filing
Chief Corporate Architect Edward Screven reported the vesting and disposal of Oracle common stock and restricted stock units on September 15, 2024.
Summary
- Edward Screven, Chief Corporate Architect at Oracle, reported transactions involving Oracle common stock and restricted stock units.
- On September 15, 2024, Screven vested 39,505 restricted stock units, converting them into common stock.
- Simultaneously, 19,590 shares were withheld to cover tax liabilities at a price of $162.03 per share.
- Screven also vested 44 restricted stock units held indirectly by a child, with 18 shares withheld for taxes at the same price.
- Following these transactions, Screven directly owns 2,697,099 shares of Oracle common stock and 118,515 restricted stock units.
- Additionally, Screven indirectly owns 838 shares and 132 restricted stock units through a child, and 10,188 shares through a spouse.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by an executive. No inherent positive or negative implications.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations. This filing provides insight into the actions of a key executive at Oracle.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies like Oracle, similar to filings made by executives at companies like Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN).
- The reporting requirements and timelines are consistent across these companies, ensuring transparency in insider trading activities.
- The volume and frequency of these filings can vary depending on the individual's compensation structure and stock ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps maintain investor confidence by ensuring compliance with regulations.
Key Dates
| Date | Description |
|---|---|
| 12/07/2018 | Power of Attorney filed for Aimee Weast to act as Attorney in Fact for Edward Screven |
| 09/15/2024 | Date of the reported transactions: vesting of restricted stock units and withholding of shares for tax liability. |
| 09/17/2024 | Date of the Form 4 filing. |
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