Form 4: Pinterest's Chief Accounting Officer, Andrea Acosta, Reports Stock Grants
SEC Form 4 Filing
Andrea Acosta, Chief Accounting Officer of Pinterest, reports the acquisition of Class A Common Stock through Restricted Stock Units (RSUs) grants.
Summary
- On April 9, 2025, Andrea Acosta, the Chief Accounting Officer of Pinterest, reported transactions involving Class A Common Stock.
- She acquired 35,420 shares through a grant of Restricted Stock Units (RSUs) under the 2019 Omnibus Incentive Plan.
- These RSUs will vest in installments from March 20, 2026, to December 20, 2027, contingent upon continued service.
- Additionally, she acquired 4,900 shares through another RSU grant, vesting in installments from June 20, 2025, to December 20, 2025, also subject to continued service.
- Following these transactions, Acosta beneficially owns 182,724 shares of Class A Common Stock, including RSUs subject to vesting requirements.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to stock grants. It's neutral in sentiment as it simply reports transactions.
Positives
- The grant of RSUs to a key officer like the Chief Accounting Officer can be seen as an incentive to retain talent and align their interests with the company's long-term performance.
Industry Context
Stock grants are a common practice in the tech industry to compensate and incentivize executives.
Comparison to Industry Standards
- Companies like Meta, Alphabet, and Snap also use RSU grants as part of their compensation packages for key executives.
- The vesting schedules and amounts of RSUs can vary widely based on the executive's role, performance, and the company's overall compensation strategy.
- Comparing the size of these grants to similar roles at comparable companies would provide a better understanding of whether this grant is in line with industry standards.
Stakeholder Impact
- The stock grants could have a minor dilutive effect on existing shareholders, but this is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/09/2025 | Date of the reported transactions (RSU grants). |
| 04/11/2025 | Date of the form filing. |
| 06/20/2025 | First vesting date for one of the RSU grants (1,633 shares). |
| 09/20/2025 | Second vesting date for one of the RSU grants (1,633 shares). |
| 12/20/2025 | Final vesting date for one of the RSU grants (1,634 shares). |
| 03/20/2026 | First vesting date for the larger RSU grant (4,427 shares). |
| 06/20/2026 | Second vesting date for the larger RSU grant (4,428 shares). |
| 09/20/2026 | Third vesting date for the larger RSU grant (4,427 shares). |
| 12/20/2026 | Fourth vesting date for the larger RSU grant (4,428 shares). |
| 03/20/2027 | Fifth vesting date for the larger RSU grant (4,427 shares). |
| 06/20/2027 | Sixth vesting date for the larger RSU grant (4,428 shares). |
| 09/20/2027 | Seventh vesting date for the larger RSU grant (4,427 shares). |
| 12/20/2027 | Final vesting date for the larger RSU grant (4,428 shares). |
Keywords
Form 4, PINS, Pinterest, Restricted Stock Units, RSUs, Beneficial Ownership, Andrea Acosta, Chief Accounting Officer, Stock Grant
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