Form 4: T-Mobile US SVP Bazzano Reports Stock Transactions Following RSU Vesting

Dara Bazzano, SVP & Chief Accounting Officer of T-Mobile US, reports the acquisition and disposal of common stock related to the vesting of restricted stock units.

Summary

• Dara Bazzano, SVP & Chief Accounting Officer of T-Mobile US, filed a Form 4 detailing changes in beneficial ownership of T-Mobile US, Inc. [TMUS] stock on March 6, 2024.
• The transactions occurred on March 4, 2024, and involve the vesting of performance-based restricted stock units (RSUs).
• Bazzano acquired 2,998 shares of common stock upon the vesting of performance-based RSUs under the 2015 Sprint Omnibus Incentive Plan.
• 462 shares were withheld for payment of taxes related to the vesting of restricted stock units at a price of $163.34.
• An additional 1,180 shares were withheld for payment of taxes on the vesting of performance-based restricted stock units at a price of $163.34.
• Following these transactions, Bazzano directly owns 10,502 shares of T-Mobile US common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The vesting of performance-based RSUs indicates that the company met certain performance criteria related to total shareholder return.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation in the telecommunications industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates