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 June 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 $70.06 per share.
- Following these transactions, Mahendra-Rajah directly owns 12,270 shares of Uber common stock and 116,371 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard executive compensation practices, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 11/01/2023 | Reporting person was granted 136,239 restricted stock units (RSUs). |
| 02/16/2024 | 3/48 of the total RSUs vest. |
| 06/16/2024 | Vesting of 2,838 restricted stock units and tax withholding of 1,449 shares. |
| 06/18/2024 | Date of Form 4 signature. |
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