Form 4: Udemy CEO Gregory Brown Disposes of Shares to Cover Tax Obligations

Udemy's CEO, Gregory Brown, disposed of 20,002 shares of common stock to cover tax obligations related to vesting of restricted stock units.

Summary

• Gregory Brown, the President and CEO of Udemy, Inc., disposed of 20,002 shares of common stock on December 15, 2024.
• The shares were disposed of to satisfy tax withholding requirements related to the vesting of restricted stock units and performance stock units.
• The transaction was not a sale of shares, but a withholding of shares by Udemy.
• Following the transaction, Mr. Brown beneficially owns 1,163,084 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Many companies use restricted stock units as part of executive compensation packages.
• It is standard practice for companies to withhold shares to cover tax obligations when these units vest.
• This type of transaction is common among publicly traded companies and their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Udemy, Gregory Brown, stock disposal, tax withholding, restricted stock units, performance stock units, insider transaction, Form 4