Form 4: Zebra Technologies Executive Reports Stock Disposals and Holdings
SEC Form 4 Filing
Jeffrey F. Schmitz, Chief People Officer of Zebra Technologies, reports the disposal of Class A Common Stock to cover tax obligations and updates on stock appreciation rights.
Summary
- Jeffrey F. Schmitz, Chief People 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 (415 shares), May 5, 2024 (219 shares), and May 6, 2024 (320 shares) at a price of $309.59, $309.59 and $315.79 respectively.
- These disposals were likely to cover tax obligations related to stock appreciation rights.
- Following these transactions, Schmitz directly owns 10,694 shares of Class A Common Stock.
- The report also details Schmitz's holdings of stock appreciation rights (SARs) with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing. The disposals are likely for tax purposes and don't necessarily indicate a negative outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is often a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/10/2019 | 562 stock appreciation rights vest. |
| 05/02/2020 | 436 stock appreciation rights vest. |
| 05/10/2020 | 562 stock appreciation rights vest. |
| 04/30/2021 | 393 stock appreciation rights vest. |
| 05/02/2021 | 436 stock appreciation rights vest. |
| 05/10/2021 | 562 stock appreciation rights vest. |
| 04/30/2022 | 393 stock appreciation rights vest. |
| 05/02/2022 | 437 stock appreciation rights vest. |
| 05/10/2022 | 563 stock appreciation rights vest. |
| 04/30/2023 | 393 stock appreciation rights vest. |
| 05/02/2023 | 437 stock appreciation rights vest. |
| 04/30/2024 | 394 stock appreciation rights vest. |
| 05/04/2024 | Transaction date: Disposal of 415 shares of Class A Common Stock. |
| 05/05/2024 | Transaction date: Disposal of 219 shares of Class A Common Stock. |
| 05/06/2024 | Transaction date: Disposal of 320 shares of Class A Common Stock. |
| 05/07/2024 | Date of signature for the Form 4 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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