Form 4: Roku CEO Anthony Wood Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Anthony Wood, CEO and Chairman of Roku, reports changes in his beneficial ownership of Class A Common Stock due to vesting of restricted stock units and tax withholding.
Summary
- On March 3, 2025, Anthony J. Wood, CEO and Chairman of Roku, filed a Form 4 detailing changes in his beneficial ownership of Roku's Class A Common Stock.
- The transactions include the vesting of 8,278 Restricted Stock Units (RSUs) and the subsequent withholding of 2,035 shares to cover income tax obligations at a price of $80.26 per share.
- Wood also reported gifting 133,210 shares to the Wood 2017 Revocable Trust and 10,040 shares to The Anthony J. Wood 2025 Annuity Trust.
- Following these transactions, Wood directly owns 6,243 shares of Class A Common Stock and 49,666 derivative securities (RSUs).
- He also indirectly owns shares through various trusts, including The Anthony J. Wood 2023 Annuity Trust V-B (18,760 shares), Wood 2020 Irrevocable Trust (42,500 shares), The Anthony J. Wood 2024 Annuity Trust V-B (19,195 shares), and The Anthony J. Wood 2023 Annuity Trust V (173,129 shares), and The Anthony J. Wood 2024 Annuity Trust V (143,250 shares).
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing standard transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of RSUs indicates continued alignment of Wood's interests with the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to understand management's perspective on the company's stock and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include RSUs that vest over time, aligning executive incentives with long-term shareholder value.
- Tax withholding upon vesting of equity awards is a standard practice across publicly traded companies.
- The specific number of shares and vesting schedules vary widely based on company size, industry, and individual compensation agreements.
Stakeholder Impact
- Shareholders are informed about changes in the CEO's ownership stake in the company.
- Employees holding RSUs may experience similar vesting and tax withholding events.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the reported transactions (vesting of RSUs, gifting of shares, and tax withholding). |
| 03/05/2025 | Date of signature on the Form 4 filing. |
| 11/15/2023 | The first installment of the RSU vested on this date. |
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