Form 4: Zebra Technologies Executive Michael Cho Reports Stock Disposals
SEC Form 4 Filing
Michael Cho, Chief Strategy Officer of Zebra Technologies, reported the disposal of Class A Common Stock to cover tax obligations related to stock appreciation rights.
Summary
- Michael Cho, Chief Strategy Officer of Zebra Technologies, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of Class A Common Stock on May 4, 2024, May 5, 2024, and May 6, 2024.
- These disposals were related to tax obligations arising from stock appreciation rights.
- The prices at which the stock was disposed of were $309.59 and $315.79.
- Following these transactions, Cho directly owns 5,082 shares of Class A Common Stock.
- Cho also holds stock appreciation rights for 2,366 shares of Class A Common Stock with various vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, and does not contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 05/10/2019 | Vesting date for 499 stock appreciation rights. |
| 05/02/2020 | Vesting date for 389 stock appreciation rights. |
| 05/10/2020 | Vesting date for 499 stock appreciation rights. |
| 04/30/2021 | Vesting date for 362 stock appreciation rights. |
| 05/02/2021 | Vesting date for 390 stock appreciation rights. |
| 05/10/2021 | Vesting date for 499 stock appreciation rights. |
| 04/30/2022 | Vesting date for 362 stock appreciation rights. |
| 05/02/2022 | Vesting date for 390 stock appreciation rights. |
| 05/10/2022 | Vesting date for 500 stock appreciation rights. |
| 04/30/2023 | Vesting date for 362 stock appreciation rights. |
| 05/02/2023 | Vesting date for 390 stock appreciation rights. |
| 04/30/2024 | Vesting date for 362 stock appreciation rights. |
| 05/04/2024 | Transaction date for the disposal of 195 shares of Class A Common Stock. |
| 05/05/2024 | Transaction date for the disposal of 114 shares of Class A Common Stock. |
| 05/06/2024 | Transaction date for the disposal of 174 shares of Class A Common Stock. |
| 05/07/2024 | Date of the report filing. |
| 05/10/2025 | Expiration date for stock appreciation rights. |
| 05/02/2026 | Expiration date for stock appreciation rights. |
| 04/30/2027 | Expiration date for stock appreciation rights. |
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