Form 4: Uber Executive Jill Hazelbaker Reports Stock Transactions

Jill Hazelbaker, SVP of Marketing and Public Affairs at Uber Technologies, Inc., reported the vesting of restricted stock units and subsequent tax withholding on March 16, 2024.

Summary

• On March 16, 2024, Jill Hazelbaker, an executive at Uber Technologies, Inc., reported the vesting of several tranches of restricted stock units (RSUs).
• These RSUs converted into common stock on a one-for-one basis.
• A portion of the shares were withheld to satisfy tax liabilities at a price of $76.07 per share.
• The transactions resulted in Ms. Hazelbaker directly owning 136,736 shares of common stock and indirectly owning 9,002 shares through a trust.
• The reported transactions involved RSUs granted on various dates, including March 2, 2020, July 29, 2020, March 1, 2021, March 1, 2022 and March 1, 2023, with different vesting schedules.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent 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.

Comparison to Industry Standards

• Executive compensation packages including RSUs are standard practice among publicly listed technology companies.
• Vesting schedules and tax withholding practices are generally consistent across similar companies.
• Comparable companies such as Lyft, DoorDash, and Airbnb also utilize RSUs as part of their executive compensation plans.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they relate to executive compensation.
• Employees holding RSUs may be interested in the vesting schedules and tax implications.

Key Dates