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., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Glen Ceremony, an officer at Uber Technologies, Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
- On August 16, 2024, restricted stock units (RSUs) vested and were converted into common stock.
- A portion of the shares were withheld to cover tax liabilities.
- The transactions involved multiple grants of RSUs from previous years (2021, 2022, 2023, and 2024) with varying vesting schedules.
- The price per share for tax withholding purposes was $72.04.
- Following the reported transactions, Ceremony directly owns 195,169 shares of Uber common stock and holds derivative securities for 4,055 to 46,990 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard compensation practices for company executives.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Date of grant for 27,806 restricted stock units (RSUs). |
| 04/16/2021 | First vesting date for RSUs granted on March 1, 2021. |
| 03/01/2022 | Date of grant for 69,137 restricted stock units (RSUs). |
| 04/16/2022 | First vesting date for RSUs granted on March 1, 2022. |
| 03/01/2023 | Date of grant for 72,759 restricted stock units (RSUs). |
| 04/16/2023 | First vesting date for RSUs granted on March 1, 2023. |
| 03/01/2024 | Date of grant for 33,597 restricted stock units (RSUs). |
| 04/16/2024 | First vesting date for RSUs granted on March 1, 2024. |
| 08/16/2024 | Transaction date for RSU vesting and tax withholding. |
| 08/20/2024 | Date of Form 4 signature. |
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