Form 4: Pinterest Executive Andrea Acosta Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Andrea Acosta, Chief Accounting Officer of Pinterest, disposed of shares to cover income tax obligations related to vesting of Restricted Stock Units (RSUs).
Summary
- On August 20, 2024, Andrea Acosta, the Chief Accounting Officer of Pinterest, disposed of 7,449 shares of Class A Common Stock.
- The disposal was to satisfy income tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
- The price per share was $31.65.
- Following the transaction, Acosta beneficially owns 176,532 shares, consisting of 66,760 shares of Class A Common Stock and 109,772 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the small number of shares disposed of by an executive.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of stock disposal transaction |
| 08/22/2024 | Date of signature by Attorney-in-Fact |
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