Form 4: Pinterest Executive Andrea Acosta Reports Stock Transactions

Andrea Acosta, Chief Accounting Officer of Pinterest, reports the vesting of performance-based restricted stock units and shares withheld for tax obligations.

Summary

• On March 1, 2025, Andrea Acosta, Chief Accounting Officer of Pinterest, reported transactions involving Class A Common Stock.
• 8,716 shares were acquired upon the vesting of performance-based restricted stock units (PSUs) granted on April 11, 2024.
• The vesting of these PSUs was contingent upon achieving certain financial goals set by the Compensation Committee for fiscal year 2024, with 141% of the PSUs vesting.
• 4,775 shares were withheld by Pinterest to cover income tax obligations related to the vesting and settlement of the PSUs at a price of $36.98.
• Following these transactions, Acosta directly owns 148,070 shares of Class A Common Stock, inclusive of restricted stock units subject to vesting requirements.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and achievement of performance goals, which is generally viewed positively. There are no indications of negative financial performance or concerning transactions.

Positives

• The vesting of PSUs indicates that Pinterest achieved certain pre-established financial goals set by the Compensation Committee for fiscal year 2024.
• The vesting of 141% of the PSUs suggests that the company exceeded its financial goals.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities and ownership positions. This filing indicates routine compensation and tax-related transactions.

Stakeholder Impact

• The vesting of PSUs and subsequent tax withholding has a minor impact on the total number of outstanding shares.
• The achievement of performance goals, as indicated by the PSU vesting, can positively influence shareholder confidence.

Key Dates