Form 4: Pinterest's Chief Product Officer, Sabrina Ellis, Reports Stock Transactions
SEC Form 4 Filing
Sabrina Ellis, Chief Product Officer at Pinterest, reports the withholding of shares to cover tax obligations related to vesting Restricted Stock Units (RSUs).
Summary
- On May 20, 2024, Sabrina Ellis, Chief Product Officer of Pinterest, reported a transaction involving Class A Common Stock.
- 45,963 shares were withheld by Pinterest to cover income tax obligations related to the vesting and settlement of previously reported Restricted Stock Units (RSUs).
- The price per share for the transaction was $42.64.
- Following the transaction, Ellis beneficially owns 565,193 shares, consisting of 91,930 shares of Class A common stock and 473,263 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 05/22/2024 | Date of signature by Attorney-in-Fact, Jacquie Katzel. |
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