Form 4: Uber Executive Jill Hazelbaker Reports Stock Transactions
SEC Form 4
Jill Hazelbaker, Chief Marketing Officer and SVP, Public Affairs at Uber Technologies, Inc., reported the vesting of restricted stock units and subsequent tax withholding on April 16, 2025.
Summary
- On April 16, 2025, Jill Hazelbaker, a key executive at Uber Technologies, Inc., engaged in transactions involving Uber's common stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax liabilities.
- Specifically, Hazelbaker vested 1,465, 1,493, 2,547, and 2,689 RSUs, which converted into common stock on a one-for-one basis.
- Concurrently, 734, 748, 1,335, and 1,478 shares were withheld to satisfy tax obligations at a price of $73.06 per share.
- Following these transactions, Hazelbaker directly owns 140,580 shares and indirectly owns 10,454 shares through a trust.
- The trust, named Franks 2021 Irrevocable Trust, benefits members of Hazelbaker's immediate family.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Uber. It provides transparency into the equity-based compensation of key personnel.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice among large publicly traded companies, including Uber's competitors in the tech and transportation industries.
- Companies like Lyft, DoorDash, and other tech firms use RSUs as a key component of their compensation strategy to align executive interests with shareholder value.
- The vesting schedules and tax withholding practices described in the document are typical for RSU grants.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.
- Employees may be interested in the stock transactions of key executives as an indicator of company performance and leadership confidence.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | The reporting person was granted 129,056 restricted stock units (RSUs) on March 1, 2022. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2022 and 1/48 of the total RSUs vest each month thereafter. |
| 2023-03-01 | The reporting person was granted 122,235 restricted stock units (RSUs) on March 1, 2023. The vesting schedule is as follows: 1/48 of the total RSUs vested on April 16, 2023 and 1/48 of the total RSUs vest each month thereafter. |
| 2024-03-01 | The reporting person was granted 71,674 restricted stock units (RSUs) on March 1, 2024. The vesting schedule is as follows: 1/48 of the total RSUs vest on April 16, 2024 and 1/48 of the total RSUs vest each month thereafter. |
| 2025-03-03 | The reporting person was granted 70,323 restricted stock units (RSUs) on March 3, 2025. The vesting schedule is as follows: 1/48 of the total RSUs vest on April 16, 2025 and 1/48 of the total RSUs vest each month thereafter. |
| 2025-04-16 | Date of stock transactions: vesting of RSUs and tax withholding. |
| 2025-04-18 | Date of Form 4 filing. |
Keywords
Uber Technologies Inc, Jill Hazelbaker, Restricted Stock Units, Form 4, Stock Transactions, Beneficial Ownership, Vesting, Tax Withholding, UBER
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