Form 4: Pinterest Executive Andrea Acosta Reports Tax-Related Stock Disposal
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 May 20, 2024, Andrea Acosta, the Chief Accounting Officer of Pinterest, disposed of 7,449 shares of Class A Common Stock to satisfy income tax withholding obligations.
- The shares were withheld by the company at a price of $42.64 per share in connection with the vesting and net settlement of previously reported Restricted Stock Units (RSUs).
- Following the transaction, Acosta beneficially owns 193,315 shares, consisting of 64,246 shares of Class A Common Stock and 129,069 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are routine disclosures of transactions by company insiders and are a normal part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock disposal for tax obligations. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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