Form 4: Symbotic CFO Carol J. Hibbard Reports Stock Transactions
SEC Form 4 Filing
Carol J. Hibbard, CFO of Symbotic Inc., reports the vesting and sale of Class A Common Stock to cover tax obligations.
Summary
- On May 3, 2025, Carol J. Hibbard, CFO of Symbotic Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- 14,253 Restricted Stock Units vested and converted into Class A Common Stock on May 3, 2025.
- Hibbard sold 4,628 shares of Class A Common Stock on May 6, 2025, at a price of $22.6155 per share.
- The sale was to cover tax withholding obligations related to the vesting of restricted stock units and was mandated by the Issuer's equity incentive plans.
- Following the reported transactions, Hibbard beneficially owns 54,011 shares of Class A Common Stock and 85,512 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.
Key Dates
| Date | Description |
|---|---|
| November 3, 2023 | Reporting Person was granted 171,027 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on November 3, 2024, and 1/12 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates. |
| May 3, 2025 | Restricted stock units convert into Class A common stock on a one-for-one basis. |
| May 3, 2025 | 14,253 Restricted Stock Units vested and converted into Class A Common Stock. |
| May 6, 2025 | 4,628 shares of Class A Common Stock were sold at $22.6155 per share. |
Keywords
Symbotic, Carol J. Hibbard, CFO, Class A Common Stock, Restricted Stock Units, Form 4, SEC, Beneficial Ownership, Tax Withholding, Equity Incentive Plans
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