Form 4: Uber Executive Tony West Reports Stock Transactions
SEC Form 4
Tony West, Chief Legal Officer and Corporate Secretary at Uber Technologies, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On April 16, 2024, Tony West, Chief Legal Officer and Corporate Secretary of Uber Technologies, Inc., reported 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.
- West acquired shares through the vesting of RSUs granted on various dates, including March 1, 2024 (1,493 shares), March 1, 2023 (2,911 shares), March 1, 2022 (3,073 shares), March 1, 2021 (1,213 shares), and July 29, 2020 (5,603 shares).
- A total of 7,087 shares were withheld to satisfy tax obligations at a price of $74.13 per share.
- Following these transactions, West directly owns 225,088 shares of Uber common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It provides transparency into the equity holdings and transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages including RSUs are standard practice among publicly listed technology companies such as Lyft, DoorDash, and Airbnb.
- The vesting schedules and terms of these RSUs are generally comparable to those offered by similar companies to their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
- The filing provides transparency regarding executive compensation, which can influence shareholder perception of management alignment with company goals.
Key Dates
| Date | Description |
|---|---|
| 07/29/2020 | Date of grant for 224,148 restricted stock units (RSUs) that vest over time. |
| 03/01/2021 | Date of grant for 58,220 restricted stock units (RSUs) that vest over time. |
| 03/01/2022 | Date of grant for 147,492 restricted stock units (RSUs) that vest over time. |
| 03/01/2023 | Date of grant for 139,697 restricted stock units (RSUs) that vest over time. |
| 03/01/2024 | Date of grant for 71,674 restricted stock units (RSUs) that vest over time. |
| 04/16/2024 | Date of transaction: Vesting of restricted stock units and withholding of shares for tax liability. |
| 04/18/2024 | Date of Form 4 filing. |
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