Form 4: Planet Labs PBC Executive Robert Schingler Reports Stock Transaction
SEC Form 4
Robert Schingler, Co-Founder and Chief Strategy Officer of Planet Labs PBC, reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On September 15, 2024, Robert H Schingler, Co-Founder and Chief Strategy Officer of Planet Labs PBC, reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 28,318 shares by the issuer to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $2.15.
- Following the transaction, Schingler beneficially owns 1,190,594 shares, which includes 974,643 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Date of the stock transaction (tax withholding of shares upon RSU vesting). |
| 09/17/2024 | Date of the Form 4 filing. |
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