Form 4: Zebra Technologies Executive Robert John Armstrong Jr. Reports Stock Transactions
SEC Form 4
Robert John Armstrong Jr., Chief Marketing Officer of Zebra Technologies, reported the disposition of Class A Common Stock to cover tax obligations related to vested stock appreciation rights.
Summary
- On May 5, 2024, Robert John Armstrong Jr., Chief Marketing Officer of Zebra Technologies, disposed of 22 shares of Class A Common Stock at a price of $309.59.
- On May 6, 2024, Armstrong disposed of 41 shares of Class A Common Stock at a price of $315.79.
- Following these transactions, Armstrong directly owns 5,245 shares of Class A Common Stock.
- Armstrong also holds stock appreciation rights (SARs) for 166 shares exercisable at $205.12, with 83 rights vested and 83 vesting on May 2, 2023.
- Additionally, Armstrong holds SARs for 198 shares exercisable at $244.97, with 66 rights vested and 66 vesting on each of April 30, 2023 and 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Zebra Technologies. These filings are monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/02/2023 | 83 Stock Appreciation Rights vested. |
| 04/30/2023 | 66 Stock Appreciation Rights vested. |
| 04/30/2024 | 66 Stock Appreciation Rights vested. |
| 05/05/2024 | Disposition of 22 shares of Class A Common Stock at $309.59. |
| 05/06/2024 | Disposition of 41 shares of Class A Common Stock at $315.79. |
| 05/07/2024 | Date of report filing. |
| 05/02/2026 | Expiration date for Stock Appreciation Right at $205.12. |
| 04/30/2027 | Expiration date for Stock Appreciation Right at $244.97. |
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