Form 4: Uber Technologies Executive Jill Hazelbaker Reports Stock Transactions
SEC Form 4
Jill Hazelbaker, SVP of Marketing and Public Affairs at Uber Technologies, reports the vesting of restricted stock units, subsequent sale of shares, and tax liability coverage.
Summary
- On September 16, 2024, Jill Hazelbaker exercised restricted stock units (RSUs) that converted into common stock.
- She acquired shares through the vesting of RSUs and disposed of shares to cover tax liabilities and through sales.
- Specifically, 40,000 shares were sold at a weighted average price of $72.0011, with prices ranging from $72.00 to $72.06.
- The transactions resulted in a decrease in directly held common stock and changes in the number of derivative securities beneficially owned.
- Following these transactions, Hazelbaker directly owns 127,352 shares of common stock and indirectly owns 9,002 shares through a trust.
- She also holds various tranches of unvested restricted stock units granted on March 1 of 2021, 2022, 2023 and 2024.
Sentiment
Score: 5
Explanation: This is a standard SEC filing related to insider trading. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by SEC regulations. It provides transparency into the trading activities of key personnel and their holdings in the company.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term company performance.
- The vesting schedules and terms of these RSUs are generally comparable to those offered by other large technology companies such as Google (Alphabet), Meta (Facebook), and Amazon.
- The sale of shares to cover tax liabilities is a common practice among executives who receive equity compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares in the open market.
- The vesting of RSUs and subsequent sale of shares is a part of the executive's compensation package, impacting their personal finances.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Grant date of 81,508 restricted stock units (RSUs) with vesting schedule starting March 16, 2022. |
| 03/01/2022 | Grant date of 129,056 restricted stock units (RSUs) with vesting schedule starting April 16, 2022. |
| 03/01/2023 | Grant date of 122,235 restricted stock units (RSUs) with vesting schedule starting April 16, 2023. |
| 03/01/2024 | Grant date of 71,674 restricted stock units (RSUs) with vesting schedule starting April 16, 2024. |
| 09/16/2024 | Date of transactions including vesting of RSUs and sale of common stock. |
| 09/18/2024 | Date of report submission. |
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