Form 4: Symbotic Inc. Executive Boyd William M III Reports Stock Transactions
SEC Form 4 Filing
William M. Boyd III, Chief Strategy Officer of Symbotic Inc., reports the vesting and conversion of restricted stock units into Class A common stock.
Summary
- On April 23, 2025, William M. Boyd III, Chief Strategy Officer of Symbotic Inc., executed transactions involving restricted stock units.
- Specifically, 8,826 and 2,909 restricted stock units vested and were converted into Class A common stock.
- Following these transactions, Boyd directly owns 48,734 shares of Class A common stock and holds 26,478 and 20,365 restricted stock units.
- These restricted stock units represent a contingent right to receive one share of Symbotic's Class A common stock each.
- The restricted stock units were granted on January 23, 2023 and January 23, 2024, and vest over time, contingent on continued service with the company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not inherently convey positive or negative sentiment. It simply reports transactions.
Positives
- The vesting of restricted stock units indicates that the executive is meeting the service requirements set by the company.
- The executive's continued holding of a significant number of restricted stock units suggests a continued alignment with the company's long-term success.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minor impact on the overall share structure of the company.
Key Dates
| Date | Description |
|---|---|
| January 23, 2023 | Reporting Person was granted 105,904 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 23, 2024, and 1/12 of the restricted stock units vest quarterly thereafter. |
| January 23, 2024 | Reporting Person was granted 34,908 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 23, 2025, and 1/12 of the restricted stock units vest quarterly thereafter. |
| April 23, 2025 | Date of transaction where restricted stock units were converted into Class A common stock. |
| April 25, 2025 | Date of filing of the Form 4. |
Keywords
Symbotic Inc., William M. Boyd III, Restricted Stock Units, Class A Common Stock, Form 4, Insider Trading, Vesting
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