Form 4: Symbotic Inc. Executive William M. Boyd, III Reports Stock Transaction
SEC Form 4
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 October 23, 2024, William M. Boyd, III, Chief Strategy Officer of Symbotic Inc., reported a transaction involving the vesting of 8,826 restricted stock units.
- These restricted stock units converted into 8,826 shares of Class A common stock.
- Following the transaction, Boyd directly owns 31,838 shares of Class A common stock.
- Boyd also directly owns 44,130 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine insider transaction, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares.
Key Dates
| Date | Description |
|---|---|
| January 23, 2023 | Reporting Person was granted 105,904 restricted stock units |
| January 23, 2024 | 1/3 of the restricted stock units vest |
| October 23, 2024 | Transaction Date: Vesting of restricted stock units and conversion to Class A common stock |
| October 25, 2024 | Date of report filing |
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