eBay (EBAY) SVP Jordan Sweetnam nets over 100k shares from RSU vesting
Rhea-AI Filing Summary
eBay Inc. senior vice president and chief commercial officer Jordan Sweetnam reported a large equity compensation event tied to performance and time-based awards. He was granted 101,112 restricted stock units as a result of the company’s achievement of performance criteria from 1/1/23 to 3/15/26, with all shares vesting on 3/15/26.
On the same date, 3,611 previously granted restricted stock units also vested. In total, 104,723 shares of common stock were acquired through exercises or conversions, while 54,540 shares were withheld at a price of $91.34 per share to cover tax obligations. These are compensation-related and tax-withholding transactions, not open-market purchases or sales, and Sweetnam continues to hold a substantial direct stake in eBay common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units -1 | 3,611 | $0.00 | -- |
| Grant/Award | Restricted Stock Units -4 | 101,112 | $0.00 | -- |
| Exercise | Restricted Stock Units -4 | 101,112 | $0.00 | -- |
| Exercise | Common Stock | 3,611 | $0.00 | -- |
| Exercise | Common Stock | 101,112 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,881 | $91.34 | $172K |
| Tax Withholding | Common Stock | 52,659 | $91.34 | $4.81M |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The reporting person received restricted stock units, 1/16th of which vested on 6/15/23, and an additional 1/16th of which vests each quarter thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. Not Applicable. The reporting person was granted 101,112 restricted stock units as a result of the company's achievement of certain performance criteria during the period from 1/1/23 to 3/15/26, with 100% of the shares vesting on 3/15/26. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.