Form 4: Oracle Executive Edward Screven Reports Stock Transactions

Oracle's Chief Corporate Architect, Edward Screven, reports the vesting and subsequent tax withholding of shares related to restricted stock units.

Summary

• On August 5, 2024, Edward Screven, Oracle's Chief Corporate Architect, reported transactions involving Oracle common stock.
• These transactions included the vesting of 50,000 restricted stock units twice, each convertible into one share of common stock.
• Following the vesting, 24,790 shares were withheld each time for payment of tax liabilities at a price of $133.28 per share.
• After these transactions, Screven directly owns 2,677,184 shares of Oracle common stock.
• Screven also indirectly owns 10,188 shares through a child and an unspecified amount through a spouse.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure of insider transactions, which is common for executives at publicly traded companies like Oracle. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on the overall shareholding structure of Oracle.
• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates