Form 4: Tesla SVP Andrew Baglino Transfers 38,160 Shares to Charitable Trust

Tesla's Senior Vice President, Andrew Baglino, transferred 38,160 shares of common stock to a charitable remainder trust on January 31, 2024.

Summary

• Andrew Baglino, Senior Vice President at Tesla, transferred 38,160 shares of Tesla common stock to a charitable remainder trust on January 31, 2024.
• The transaction was a disposition of shares, with a reported price of $0.0, indicating a transfer rather than a sale.
• Following the transaction, Mr. Baglino directly owns 31,230 shares of Tesla common stock.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a routine insider transaction, with no positive or negative implications for the company's performance.

Positives

• The transfer of shares to a charitable remainder trust may have tax benefits for Mr. Baglino.

Industry Context

This is a routine disclosure of an insider transaction, which is common for executives of publicly traded companies. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider reporting requirements.
• Other executives at comparable companies such as Rivian, Lucid, and Ford also regularly file Form 4s for similar transactions.

Stakeholder Impact

• The transaction has no direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Tesla, Andrew Baglino, charitable trust, stock transfer, insider transaction, Form 4, equity securities