Form 4: Wayfair's Chief Technology Officer, Fiona Tan, Reports Stock Transactions
SEC Form 4 Filing
Fiona Tan, Chief Technology Officer of Wayfair, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on October 1 and 2, 2024.
Summary
- Fiona Tan, Wayfair's Chief Technology Officer, filed a Form 4 detailing changes in beneficial ownership of Wayfair stock.
- On October 1, 2024, Tan acquired 1,401, 3,500, and 33,735 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- On October 2, 2024, Tan disposed of 8,534 shares at an average price of $52.99 and 1,506 shares at an average price of $53.47 to cover tax withholding obligations.
- Following these transactions, Tan directly owns 84,655 shares of Class A Common Stock and indirectly owns 77,238 shares through a revocable trust.
- Tan also holds 14,138 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
Future vesting of RSUs is subject to continued service.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Similar filings are made by executives at companies like Amazon, Etsy, and Overstock, detailing their stock transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| November 12, 2020 | Date of grant for 3,500 RSUs that vested on October 1, 2024. |
| April 18, 2022 | Date of grant for 1,401 RSUs vesting over time. |
| September 13, 2024 | Date of grant for 33,735 RSUs that vested on October 1, 2024. |
| October 01, 2024 | Date of RSU vesting and stock acquisition. |
| October 02, 2024 | Date of stock disposal for tax obligations. |
| October 03, 2024 | Date of signature on the Form 4 filing. |
| January 1, 2025 | Vesting date for 1,400 shares of RSUs granted on April 18, 2022. |
| April 1, 2025 | Vesting date for 1,401 shares of RSUs granted on April 18, 2022. |
| July 1, 2025 | Commencement date for quarterly vesting of 6,542 shares of RSUs granted on April 18, 2022. |
| July 1, 2026 | Commencement date for quarterly vesting of 4,795 shares of RSUs granted on April 18, 2022. |
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