Form 4: Planet Labs PBC Executive Kevin Weil Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Kevin Weil, President of Product & Business at Planet Labs PBC, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 15, 2024, Kevin Weil, President of Product & Business at Planet Labs PBC, had 41,371 shares of Class A Common Stock withheld by the issuer to cover withholding tax liabilities.
- Following the transaction, Weil directly owns 1,335,091 shares of Class A Common Stock, which includes 799,198 restricted stock units (RSUs) that vest quarterly.
- Weil also indirectly owns 439,580 shares of Class A Common Stock through The Weil Family Trust DTD 10/19/2011.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 10/19/2011 | Date of The Weil Family Trust |
| 03/15/2024 | Date of stock transaction (tax withholding) |
| 03/18/2024 | Date of Form 4 signature |
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