Form 4: Uber Executive Jill Hazelbaker Reports Stock Transactions
SEC Form 4 Filing
Jill Hazelbaker, Chief Marketing Officer and SVP, Public Affairs at Uber Technologies, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On March 16, 2025, Jill Hazelbaker, Chief Marketing Officer and SVP, Public Affairs at Uber Technologies, executed 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.
- The vesting of RSUs resulted in the acquisition of 96,792, 1,494, 2,546, 2,689, and 1,698 shares of common stock.
- A total of 53,311, 749, 1,337, 1,482, and 958 shares were withheld to satisfy tax obligations at a price of $71.55 per share.
- Following these transactions, Ms. Hazelbaker directly owns 133,120 shares of common stock and indirectly owns 10,454 shares through a trust.
- She also holds derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of events.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies like Uber. It reflects the ongoing vesting of previously granted equity and the associated tax implications for the executive.
Comparison to Industry Standards
- Equity compensation is a standard practice among tech companies like Uber to attract and retain talent.
- Companies like Lyft, DoorDash, and other similar tech firms also utilize RSUs as part of their compensation packages.
- The vesting schedules and terms of these grants are generally aligned with industry norms, designed to incentivize long-term performance and retention.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they involve the vesting of previously granted equity.
- The tax withholding impacts the executive's net share ownership.
Key Dates
| Date | Description |
|---|---|
| March 1, 2021 | Date of grant for 81,508 restricted stock units (RSUs). |
| March 1, 2022 | Date of grant for 129,056 and 96,792 restricted stock units (RSUs). |
| April 16, 2022 | First vesting date for RSUs granted on March 1, 2021. |
| March 1, 2023 | Date of grant for 122,235 restricted stock units (RSUs). |
| April 16, 2023 | First vesting date for RSUs granted on March 1, 2023. |
| March 1, 2024 | Date of grant for 71,674 restricted stock units (RSUs). |
| April 16, 2024 | First vesting date for RSUs granted on March 1, 2024. |
| March 16, 2025 | Date of reported transactions: vesting of RSUs and tax withholding. |
| March 18, 2025 | Date of signature on the Form 4 filing. |
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