Form 4: Trade Desk Chief Legal Officer Jay R. Grant Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Jay R. Grant, Chief Legal Officer of Trade Desk, Inc., reported the disposal of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock awards.
Summary
- On August 15, 2024, Jay R. Grant, the Chief Legal Officer of Trade Desk, Inc., disposed of several blocks of Class A Common Stock.
- These disposals were executed to satisfy tax withholding obligations associated with the vesting of restricted stock awards.
- The disposals occurred at a price of $100.5 per share.
- A total of 8,646 shares were disposed of across five transactions.
- Following these transactions, Grant directly owns 179,590 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 10/05/2020 | Date of grant for one of the Restricted Stock Awards. |
| 04/28/2021 | Date of grant for one of the Restricted Stock Awards. |
| 04/26/2022 | Date of grant for one of the Restricted Stock Awards. |
| 04/24/2023 | Date of grant for one of the Restricted Stock Awards. |
| 04/23/2024 | Date of grant for one of the Restricted Stock Awards. |
| 08/15/2024 | Date of the stock disposal transactions. |
| 08/19/2024 | Date of the Form 4 filing. |
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