Form 4: Uber CFO Prashanth Mahendra-Rajah Reports Stock Transactions
SEC Form 4
Uber's CFO, Prashanth Mahendra-Rajah, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On September 16, 2024, Prashanth Mahendra-Rajah, CFO of Uber Technologies, Inc., reported transactions involving Uber's common stock.
- Specifically, 2,838 restricted stock units (RSUs) vested and converted into common stock.
- Additionally, 1,449 shares were withheld to cover tax liabilities associated with the vesting of these RSUs at a price of $71.52.
- Following these transactions, Mahendra-Rajah directly owns 16,437 shares of Uber common stock and 107,856 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| November 1, 2023 | Grant date of 136,239 restricted stock units (RSUs). |
| February 16, 2024 | First vesting date of the RSUs (3/48 of total). |
| September 16, 2024 | Vesting of 2,838 restricted stock units and tax withholding. |
| September 18, 2024 | Date of Form 4 filing. |
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