Form 4: Oracle Executive Maria Smith Reports Stock Transactions
SEC Form 4
EVP and Chief Accounting Officer of Oracle, Maria Smith, reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- Maria Smith, EVP and Chief Accounting Officer of Oracle, reported transactions involving Oracle common stock on September 5, 2024.
- She acquired 12,500 shares of common stock through the vesting of restricted stock units.
- Simultaneously, she disposed of 6,500 shares to cover tax liabilities at a price of $140.75 per share.
- Following these transactions, Smith directly owns 42,889 shares of Oracle common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.
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.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/04/2023 | Power of Attorney filed for Maria Smith |
| 09/05/2024 | Date of stock transactions: vesting of restricted stock units and disposal of shares for tax liability. |
| 09/06/2024 | Date of signature on the Form 4 filing. |
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