Form 4: Planet Labs CEO William Marshall Reports Stock Transaction
SEC Form 4 Filing
Planet Labs CEO William Spencer Marshall reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On March 15, 2024, William Spencer Marshall, the Co-Founder and CEO of Planet Labs PBC, had 30,634 shares of Class A Common Stock withheld by the issuer to cover withholding tax liabilities.
- The price per share for the transaction was $2.21.
- Following the transaction, Marshall directly owns 1,346,408 shares of Class A Common Stock, which includes 982,533 restricted stock units (RSUs) that vest quarterly.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the stock transaction (withholding of shares for tax liability). |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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