Form 4: Symbotic Inc. Executive William M. Boyd 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, 2024, William M. Boyd III, Chief Strategy Officer of Symbotic Inc., reported transactions involving the company's stock.
- Boyd converted 8,825 restricted stock units into Class A common stock.
- Following the transaction, Boyd directly owns 31,837 shares of Class A Common Stock.
- Boyd also directly owns 61,782 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/23/2023 | Reporting Person was granted 105,904 restricted stock units |
| 01/23/2024 | 1/3 of the restricted stock units vest |
| 04/23/2024 | Transaction Date: Conversion of restricted stock units into Class A common stock |
| 04/25/2024 | Date of report |
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