Form 4: Uber Executive Jill Hazelbaker Reports Stock Transactions
SEC Form 4 Filing
Jill Hazelbaker, SVP of Marketing and Public Affairs at Uber Technologies, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On October 16, 2024, Jill Hazelbaker, SVP of Marketing and Public Affairs at Uber Technologies, 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, 1,493, 2,547, 2,689, and 1,698 RSUs vested, converting into common stock on a one-for-one basis.
- A total of 748, 1,353, 1,503, and 970 shares were withheld at a price of $81.90 to satisfy tax obligations.
- Following these transactions, Ms. Hazelbaker directly owns 131,205 shares and indirectly owns 9,002 shares through a trust.
- The trust, named Franks 2021 Irrevocable Trust, benefits members of Ms. Hazelbaker's immediate family.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or outlook.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term company performance.
- Tax withholding upon vesting of RSUs is a standard practice across publicly traded companies to ensure compliance with tax regulations.
- Companies like Lyft, DoorDash, and other tech firms also utilize RSUs as part of their compensation strategy for executives and employees.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they reflect the standard vesting and tax withholding process for executive compensation.
- Employees holding RSUs may be interested in the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| March 1, 2021 | Date of grant of 81,508 restricted stock units (RSUs). |
| March 1, 2022 | Date of grant of 129,056 restricted stock units (RSUs). |
| March 1, 2023 | Date of grant of 122,235 restricted stock units (RSUs). |
| March 1, 2024 | Date of grant of 71,674 restricted stock units (RSUs). |
| April 16, 2022 | 12/48 of the RSUs granted on March 1, 2021 vested. |
| April 16, 2023 | 1/48 of the RSUs granted on March 1, 2023 vested. |
| April 16, 2024 | 1/48 of the RSUs granted on March 1, 2024 vested. |
| October 16, 2024 | Date of stock transactions: vesting of RSUs and withholding of shares for tax liability. |
| October 18, 2024 | Date of signature on the Form 4 filing. |
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