Form 4: Uber Executive Jill Hazelbaker Reports Stock Transactions
SEC Form 4
Uber's Chief Marketing Officer, Jill Hazelbaker, reported the vesting and subsequent tax withholding of restricted stock units, resulting in a net change in her holdings of Uber common stock.
Summary
- Jill Hazelbaker, Chief Marketing Officer at Uber, reported multiple transactions involving Uber common stock on January 16, 2025.
- These transactions include the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax liabilities.
- The vesting of RSUs resulted in the acquisition of 1,493, 2,546, 2,689, and 1,698 shares of common stock.
- A total of 644, 1,164, 1,318, and 933 shares were withheld to satisfy tax obligations at a price of $68.58 per share.
- After these transactions, Ms. Hazelbaker directly owns 115,531 shares of Uber common stock and indirectly owns 9,002 shares through a family trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It does not contain any information that would be considered positive or negative from an investment perspective.
Management Comments
- The document was signed by Carolyn Mo by Power of Attorney for Jill Hazelbaker.
Industry Context
This is a routine SEC Form 4 filing, which is common for executives of publicly traded companies who receive stock-based compensation. It reflects standard practice for reporting changes in beneficial ownership.
Comparison to Industry Standards
- The vesting schedules and tax withholding practices described are typical for stock-based compensation plans in the tech industry.
- Many companies, such as Lyft, DoorDash, and other tech firms, use similar RSU structures for executive compensation.
- The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for all publicly traded companies in the US.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares of Uber stock.
- The tax withholding reduces the number of shares held by the executive, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Grant date of 81,508 restricted stock units (RSUs) with a vesting schedule. |
| 03/01/2022 | Grant date of 129,056 restricted stock units (RSUs) with a vesting schedule. |
| 03/01/2023 | Grant date of 122,235 restricted stock units (RSUs) with a vesting schedule. |
| 03/01/2024 | Grant date of 71,674 restricted stock units (RSUs) with a vesting schedule. |
| 01/16/2025 | Date of stock transactions including RSU vesting and tax withholding. |
| 01/21/2025 | Date of signature on the SEC Form 4 filing. |
Keywords
Uber, stock, restricted stock units, RSU, insider trading, Jill Hazelbaker, vesting, tax withholding, common stock
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