Form 4: Ita M Brennan Reports Changes in Beneficial Ownership of Planet Labs PBC Stock
SEC Form 4 Filing
Director Ita M Brennan reports acquisition of Planet Labs PBC Class A Common Stock through restricted stock units.
Summary
- Ita M Brennan, a director of Planet Labs PBC, filed a Form 4 with the SEC on July 11, 2024.
- The report details the acquisition of Class A Common Stock through restricted stock units (RSUs).
- Brennan acquired 93,583 RSUs that will fully vest on the earlier of the first anniversary of the grant or the date of the Issuer's next annual meeting of stockholders, subject to continuous service.
- Additionally, 40,107 RSUs were acquired that vest in equal quarterly installments on the 15th of March, June, September, and December.
- Following these transactions, Brennan beneficially owns 252,585 shares of Class A Common Stock.
- LeeAnn Linck, acting as Attorney-in-fact, signed the report on behalf of Ita M Brennan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing reporting stock transactions.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| June 5, 2024 | Date of Power of Attorney execution. |
| July 11, 2024 | Date of the reported transactions and SEC filing. |
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