Form 4: Uber Executive Glen Ceremony Reports Stock Transactions
SEC Form 4
Glen Ceremony, Chief Accounting Officer and Global Corporate Controller at Uber Technologies, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Glen Ceremony, a key executive at Uber Technologies, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On May 16, 2024, Ceremony vested various tranches of restricted stock units (RSUs) granted between 2021 and 2024.
- The vesting of these RSUs resulted in the acquisition of common stock.
- Simultaneously, a portion of the acquired shares was withheld to cover tax liabilities at a price of $66.05 per share.
- Ceremony also acquired 638 shares under Uber's 2019 Employee Stock Purchase Plan on May 20, 2024.
- Following these transactions, Ceremony directly owns 185,996 shares of Uber common stock.
- Ceremony also holds 32,197, 51,538, 31,688, 7,941 and 5,793 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, with neutral sentiment.
Positives
- The executive's continued holding of a significant number of shares and RSUs may indicate confidence in the company's future performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2021-03-01 | Date of grant for 27,806 restricted stock units (RSUs) that vest monthly starting April 16, 2021. |
| 2021-05-10 | Date of grant for 34,650 restricted stock units (RSUs) that vest monthly starting July 16, 2021. |
| 2022-03-01 | Date of grant for 69,137 restricted stock units (RSUs) that vest monthly starting April 16, 2022. |
| 2023-03-01 | Date of grant for 72,759 restricted stock units (RSUs) that vest monthly starting April 16, 2023. |
| 2024-03-01 | Date of grant for 33,597 restricted stock units (RSUs) that vest monthly starting April 16, 2024. |
| 2024-05-16 | Date of transaction: vesting of restricted stock units and withholding of shares for tax liability. |
| 2024-05-20 | Date of acquisition of shares under Uber's 2019 Employee Stock Purchase Plan. |
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