Form 4: Uber Executive Tony West Reports Stock Transactions
SEC Form 4 Filing
Tony West, Chief Legal Officer and Corporate Secretary of Uber Technologies, reports multiple transactions involving restricted stock units and common stock on May 16, 2024.
Summary
- On May 16, 2024, Tony West, Uber's Chief Legal Officer and Corporate Secretary, engaged in multiple transactions involving Uber's common stock and restricted stock units (RSUs).
- West acquired common stock through the conversion of RSUs, with 1,493, 2,910, 3,072, 1,213, and 5,604 shares acquired from RSU conversions.
- Simultaneously, shares were withheld to cover tax liabilities upon the vesting of these RSUs, resulting in the disposal of 741, 1,443, 1,524, 602, and 2,779 shares at a price of $66.05.
- Following these transactions, West's direct ownership of Uber common stock is reported as 214,179 shares, which includes 638 shares acquired under Uber's 2019 Employee Stock Purchase Plan on May 20, 2024.
- West also holds a significant number of RSUs, with varying vesting schedules based on grants from March 1, 2021, March 1, 2022, March 1, 2023, March 1, 2024 and July 29, 2020.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in the company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2020-07-29 | Date of grant for 224,148 restricted stock units (RSUs). |
| 2021-03-01 | Date of grant for 58,220 restricted stock units (RSUs). |
| 2022-03-01 | Date of grant for 147,492 restricted stock units (RSUs). |
| 2023-03-01 | Date of grant for 139,697 restricted stock units (RSUs). |
| 2024-03-01 | Date of grant for 71,674 restricted stock units (RSUs). |
| 2024-05-16 | Date of transactions involving common stock and restricted stock units. |
| 2024-05-20 | Date of acquisition of 638 shares under Uber's 2019 Employee Stock Purchase Plan. |
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