Form 4: The Trade Desk CFO Laura Schenkein Reports Stock Transactions
SEC Form 4
Laura Schenkein, CFO of The Trade Desk, reports the withholding of shares to cover tax obligations related to vesting restricted stock units and the acquisition of shares through the Employee Stock Purchase Plan.
Summary
- Laura Schenkein, the Chief Financial Officer of The Trade Desk, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On May 15, 2024, Schenkein had shares withheld to cover tax obligations related to the vesting of restricted stock units granted on various dates.
- These grants occurred on May 15, 2020, April 28, 2021, March 2, 2022, April 26, 2022, April 24, 2023 and June 1, 2023.
- A total of 4,327 shares were withheld at a price of $90.25 per share.
- Schenkein also acquired 490 shares through the Employee Stock Purchase Plan on May 15, 2024.
- Following these transactions, Schenkein beneficially owns 709,603 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment. It reflects routine compensation activities.
Positives
- The acquisition of 490 shares through the Employee Stock Purchase Plan indicates confidence in the company's future.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which investors often monitor for signals about a company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 05/15/2020 | Date of Restricted Stock Unit Award grant related to tax withholding. |
| 04/28/2021 | Date of Restricted Stock Unit Award grant related to tax withholding. |
| 03/02/2022 | Date of Restricted Stock Unit Award grant related to tax withholding. |
| 04/26/2022 | Date of Restricted Stock Unit Award grant related to tax withholding. |
| 04/24/2023 | Date of Restricted Stock Unit Award grant related to tax withholding. |
| 06/01/2023 | Date of Restricted Stock Award grant related to tax withholding. |
| 05/15/2024 | Date of stock transactions: share withholding for taxes and ESPP acquisition. |
| 05/17/2024 | Date of Form 4 filing. |
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