Form 4: Uber Executive Tony West Reports Stock Transactions Following RSU Vesting
SEC Form 4
Chief Legal Officer Tony West reports the acquisition and disposal of Uber common stock related to the vesting of restricted stock units (RSUs) on March 16, 2024.
Summary
- Tony West, Uber's Chief Legal Officer, filed a Form 4 detailing changes in beneficial ownership of Uber stock on March 19, 2024.
- The transactions occurred on March 16, 2024, and involve the vesting of restricted stock units (RSUs) and the subsequent acquisition of common stock.
- A portion of the acquired shares was then used to cover tax liabilities associated with the RSU vesting.
- West acquired a total of 49,378 shares of common stock through the vesting of RSUs.
- 17,240 shares were withheld to cover tax obligations at a price of $76.07.
- After these transactions, West directly owns 217,884 shares of Uber common stock and 120,346 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports routine stock transactions related to executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2020-03-02 | Grant date of 86,670 RSUs with vesting starting March 16, 2021. |
| 2020-07-29 | Grant date of 224,148 RSUs with vesting starting August 16, 2021. |
| 2021-03-01 | Grant date of 58,220 RSUs and 34,772 RSUs. |
| 2022-03-01 | Grant date of 147,492 RSUs with vesting starting April 16, 2022. |
| 2023-03-01 | Grant date of 139,697 RSUs with vesting starting April 16, 2023. |
| 2024-03-16 | Date of RSU vesting and related stock transactions. |
| 2024-03-19 | Date of Form 4 filing. |
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