Form 4: Twilio CFO Aidan Viggiano Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Twilio's Chief Financial Officer, Aidan Viggiano, sold 1,961 shares of Class A Common Stock to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On August 15, 2024, Aidan Viggiano, the Chief Financial Officer of Twilio Inc., sold 1,961 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $60.6903 per share, with individual transactions ranging from $60.54 to $60.85.
- The purpose of the sale was to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Viggiano directly owns 186,501 shares, a portion of which are RSUs representing a contingent right to receive Class A common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell-to-cover) for tax purposes, so it's neutral in sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine part of executive compensation and tax management.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a standard transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the stock sale transaction. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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