Form 4: Twilio's Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dana Wagner, Twilio's Chief Legal Officer, sold shares to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- Dana Wagner, the Chief Legal Officer and Secretary of Twilio Inc., sold 4,174 shares of Class A Common Stock on September 30, 2024.
- The sale was executed at a weighted average price of $65.0224 per share, with individual transactions ranging from $64.5050 to $65.49 per share.
- The sale was to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Wagner directly owns 152,563 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) related to executive compensation. It doesn't indicate any significant positive or negative 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.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the stock sale transaction. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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