Form 4: Uber Executive Jill Hazelbaker Reports Stock Transactions
SEC Form 4 Filing
Jill Hazelbaker, SVP of Marketing and Public Affairs at Uber Technologies, Inc., reported the vesting of restricted stock units and subsequent tax withholding on May 16, 2024.
Summary
- On May 16, 2024, Jill Hazelbaker, an executive at Uber Technologies, Inc., reported transactions involving Uber's common stock.
- These transactions included 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 shares, while the tax withholding resulted in the disposal of shares.
- The transactions changed Ms. Hazelbaker's direct ownership of Uber common stock.
- Ms. Hazelbaker also indirectly owns shares through the Franks 2021 Irrevocable Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any positive or negative sentiment towards the company's performance.
Future Outlook
The reporting person will continue to receive and vest RSUs according to the existing vesting schedules.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
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 RSU vesting is a standard practice across publicly traded companies.
- Form 4 filings are a standard regulatory requirement for corporate insiders to report their transactions in company stock, ensuring transparency and preventing insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| July 29, 2020 | Date of grant for 224,148 restricted stock units (RSUs) with a vesting schedule starting November 16, 2020. |
| March 1, 2021 | Date of grant for 81,508 restricted stock units (RSUs) with a vesting schedule starting March 16, 2022. |
| March 1, 2022 | Date of grant for 129,056 restricted stock units (RSUs) with a vesting schedule starting April 16, 2022. |
| March 1, 2023 | Date of grant for 122,235 restricted stock units (RSUs) with a vesting schedule starting April 16, 2023. |
| March 1, 2024 | Date of grant for 71,674 restricted stock units (RSUs) with a vesting schedule starting April 16, 2024. |
| April 16, 2024 | Vesting date for a portion of RSUs granted on March 1, 2024. |
| May 16, 2024 | Date of transactions reported: vesting of RSUs and withholding of shares for tax liability. |
| May 20, 2024 | Date of Form 4 filing. |
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