[Form 4/A] Alphabet Inc. Amended Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Alphabet Inc. executive Philipp Schindler, SVP and Chief Business Officer, reported equity compensation activity in Class C capital stock. He acquired 227,313 shares at $0 per share from the vesting of performance stock units granted on May 3, 2023 under Alphabet's 2021 Stock Plan. The award vested after Alphabet's three-year total shareholder return of 203.65%, ranking at the 92.86th percentile versus S&P 100 companies and triggering a 200% of target payout, including share-settled dividends. To cover tax obligations from this PSU vesting, 113,745 shares were disposed of through share withholding at $332.73 per share, leaving Schindler with 886,939 Class C shares held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schindler Philipp
Role
SVP, Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Capital Stock | 227,313 | $0.00 | -- |
| Tax Withholding | Class C Capital Stock | 113,745 | $332.73 | $37.85M |
Holdings After Transaction:
Class C Capital Stock — 1,000,684 shares (Direct)
Footnotes (1)
- The shares were acquired upon the certification by the Leadership Development, Inclusion and Compensation Committee of the Board of Directors for the satisfaction of performance criteria underlying an award of performance stock units (PSUs) granted to the Reporting Person on May 3, 2023 under the terms of Alphabet's Amended and Restated 2021 Stock Plan and applicable PSU award agreement. The award provided that if Alphabet's total shareholder return (TSR) performance relative to S&P 100 companies is between the 25th percentile (for 50% target payout) and 75th percentile (for 200% target payout) for the three-year performance period ending December 31, 2025, the PSU payout will be determined by linear interpolation. Alphabet's TSR for the three-year performance period was 203.65%, which ranked Alphabet's TSR at the 92.86th percentile relative to S&P 100 companies, resulting in a payout of 200% of target or 227,313 shares, including share-settled dividends. Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs.