Ruth Porat (Alphabet, NASDAQ: GOOG) receives PSU grant and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Porat Ruth
Role
President and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Capital Stock | 94,715 | $0.00 | -- |
| Tax Withholding | Class C Capital Stock | 47,141 | $332.73 | $15.69M |
Holdings After Transaction:
Class C Capital Stock — 815,236 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 94,715 shares, including share-settled dividends. Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs.
FAQ
What insider transactions did Alphabet (GOOG) disclose for Ruth Porat?
Alphabet reported Ruth Porat received a PSU-related share grant and a tax-withholding share disposition. She acquired 94,715 Class C shares at $0 and had 47,141 shares withheld at $332.73 to satisfy tax obligations from vesting.
How were Ruth Porat’s performance stock units at Alphabet (GOOG) determined?
Porat’s PSUs vested based on Alphabet’s total shareholder return versus S&P 100 companies. A 203.65% three-year return ranked at the 92.86% percentile, resulting in a 200% of target payout, or 94,715 Class C shares including share-settled dividends.
What performance period governed Ruth Porat’s Alphabet (GOOG) PSU award?
The PSU award was tied to a three-year performance period ending December 31, 2025. Alphabet’s total shareholder return of 203.65% over that period drove a 200% target payout, resulting in 94,715 Class C shares, including share-settled dividends.