Alphabet’s Ruth Porat gets PSU share grant
Alphabet Inc. President and CIO Ruth Porat reported mixed equity transactions in Class C Capital Stock tied to a performance stock unit (PSU) award.
Rhea-AI Filing Summary
Alphabet Inc. President and CIO Ruth Porat reported mixed equity transactions in Class C Capital Stock tied to a performance stock unit (PSU) award. She acquired 94,715 shares at $0 per share upon certification that Alphabet’s three-year total shareholder return was 203.65%, ranking at the 92.86% percentile versus S&P 100 companies and triggering a 200% of target payout, including share-settled dividends.
On the same date, 47,141 shares at $332.73 per share were withheld to cover tax obligations arising from PSU vesting, a tax-withholding disposition rather than an open-market sale. Following these transactions, Porat directly held 862,377 Class C shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Capital Stock | 94,715 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Capital Stock | 47,141 | $332.73 | $15.69M |
Footnotes (2)
- F1. 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 94,715 shares, including share-settled dividends.
- F2. Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs.
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