Form 4: T-Mobile US Director Kelvin R. Westbrook Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Kelvin R. Westbrook, a director of T-Mobile US, Inc., reported acquiring 1,457 shares of common stock and disposing of 17,280 shares on June 13, 2024.
Summary
- On June 13, 2024, Kelvin R. Westbrook, a director of T-Mobile US, Inc., filed a Form 4 to report changes in beneficial ownership.
- Westbrook acquired 1,457 shares of T-Mobile common stock.
- These shares were acquired at a price of $0.
- Westbrook also disposed of 17,280 shares of common stock.
- Following these transactions, Westbrook beneficially owns 17,280 shares of T-Mobile common stock.
- The reported transaction also includes restricted stock units granted under the Issuer's 2023 Incentive Award Plan, which vest in full on June 13, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The restricted stock units vest in full on June 13, 2025, subject to the terms of the Issuer's Director Compensation Program.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of T-Mobile stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
- The vesting of restricted stock units may incentivize the director to act in the best interests of the company.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of transaction: acquisition and disposal of common stock, and grant date of restricted stock units. |
| 06/13/2025 | Vesting date for restricted stock units granted under the 2023 Incentive Award Plan. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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