Form 4: Uber Technologies Executive Jill Hazelbaker Reports Stock Transactions

Jill Hazelbaker, SVP of Marketing and Public Affairs at Uber Technologies, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• Jill Hazelbaker, a Senior Vice President at Uber Technologies, reported multiple transactions involving Uber's common stock on April 16, 2024.
• These transactions include 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 1,493, 2,546, 2,689, 1,698, and 4,670 shares of common stock.
• A total of 748, 1,387, 1,539, 989, and 2,735 shares were withheld to satisfy tax obligations at a price of $74.13 per share.
• Following these transactions, Ms. Hazelbaker directly owns 142,434 shares of Uber common stock and indirectly owns 9,002 shares through a trust.
• The trust, named Franks 2021 Irrevocable Trust, benefits members of Ms. Hazelbaker's immediate family.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The reporting person holds remaining restricted stock units that will continue to vest in the future.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

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.
• Tax withholding upon vesting of RSUs is a standard practice across publicly traded companies to ensure compliance with tax regulations.
• Similar to other tech companies like Lyft, Hazelbaker's compensation includes RSUs.

Key Dates