Form 4: Oracle Executive Stuart Levey Reports Acquisition of Dividend Equivalents
SEC Form 4
EVP and Chief Legal Officer of Oracle, Stuart Levey, reports the acquisition of dividend equivalents related to previously granted restricted stock units.
Summary
- Stuart Levey, EVP and Chief Legal Officer of Oracle, filed a Form 4 on April 26, 2024, reporting a transaction.
- The transaction involves the acquisition of 137.369 dividend equivalents related to restricted stock units.
- These dividend equivalents accrued from restricted stock units granted on November 5, 2022, and were deferred by Levey.
- The dividend equivalents were calculated using Oracle's closing stock price of $115.34 on April 24, 2024, the date dividends were paid.
- Following the reported transaction, Levey directly owns 158,169.666 shares of Oracle common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| November 5, 2022 | Date of grant for the restricted stock units to which the dividend equivalents relate. |
| April 24, 2024 | Date of the dividend payment and calculation of dividend equivalents. |
| April 26, 2024 | Date the Form 4 was filed. |
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