Form 4: Oracle Legal Officer Defers RSU Dividend Equivalents

Oracle's EVP, Chief Legal Officer, Stuart Levey, reported the deferral of 337.783 restricted stock unit dividend equivalents.

Summary

• Stuart Levey, Oracle's EVP, Chief Legal Officer, reported the acquisition of 337.783 Restricted Stock Units (RSUs) representing dividend equivalents.
• These dividend equivalents accrued with respect to RSUs that were originally granted on November 5, 2022, and Levey has elected to defer them.
• The number of dividend equivalents was calculated using Oracle's closing stock price of $177.16 on January 23, 2026, which was the date dividends were paid on Oracle's common stock.
• Following this reported transaction, Stuart Levey beneficially owns a total of 159,494.982 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine insider transaction filing reporting the accrual of dividend equivalents on existing equity compensation, which is a neutral event for company performance and does not indicate a change in operational or financial outlook.

Positives

• Demonstrates continued executive equity ownership and alignment with shareholder interests through deferred compensation.

Negatives

• No negative implications identified from this routine compensation reporting.

Future Outlook

No specific forward-looking statements or guidance are provided in this routine insider transaction report.

Management Comments

• Stuart Levey, EVP, Chief Legal Officer, elected to defer the dividend equivalents accrued with respect to his earned restricted stock units.

Industry Context

This filing represents a standard executive compensation event, specifically the accrual and deferral of dividend equivalents on restricted stock units, which is a common practice in the technology and broader corporate sectors to align executive incentives with shareholder returns.

Related Party Transactions

• Accrual of dividend equivalents on restricted stock units for Stuart Levey, EVP, Chief Legal Officer, as part of his executive compensation plan.

Stakeholder Impact

• Shareholders: Provides transparency on executive equity ownership and compensation structure, indicating continued alignment of executive interests with company performance.

Next Steps

• Ongoing vesting schedule for the restricted stock units granted on November 5, 2022, to which these dividend equivalents relate.

Key Dates

Recommendation

This Form 4 filing details a routine accrual of dividend equivalents on restricted stock units for an executive, which is a standard part of compensation. It does not provide new information that would alter the fundamental investment thesis for Oracle, hence a 'hold' recommendation is appropriate as it does not present a catalyst for significant price movement.

Keywords

Oracle, ORCL, Form 4, Insider Transaction, Restricted Stock Units, RSU, Dividend Equivalents, Executive Compensation, Stuart Levey