Form 4: Uber Executive Glen Ceremony Reports Stock Transactions
SEC Form 4
Glen Ceremony, Chief Accounting Officer and Global Corporate Controller at Uber Technologies, Inc., reported the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- Glen Ceremony, an officer at Uber Technologies, Inc., filed a Form 4 detailing transactions related to restricted stock units (RSUs).
- On May 16, 2025, RSUs converted into common stock, and shares were withheld to cover tax liabilities.
- The transactions involved the vesting of RSUs granted on March 1, 2022, March 1, 2023, March 1, 2024 and March 3, 2025.
- A total of 4,343 RSUs vested and converted to common stock.
- A total of 2,155 shares were withheld to satisfy tax obligations at a price of $91.79.
- Following these transactions, Ceremony directly owns 225,440 shares of Uber common stock, 31,590 RSUs granted March 3, 2025, 23,798 RSUs granted March 1, 2024, 33,348 RSUs granted March 1, 2023 and 14,404 RSUs granted March 1, 2022.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting and tax withholding process for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Reporting person was granted 69,137 restricted stock units (RSUs). |
| 2023-03-01 | Reporting person was granted 72,759 restricted stock units (RSUs). |
| 2024-03-01 | Reporting person was granted 33,597 restricted stock units (RSUs). |
| 2025-03-03 | Reporting person was granted 32,964 restricted stock units (RSUs). |
| 2025-05-16 | Date of earliest transaction; RSUs vested and shares were withheld for taxes. |
| 2025-05-20 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, Glen Ceremony, restricted stock units, RSUs, Uber, UBER, vesting, tax withholding, common stock
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