Alphabet grants Walker 94,715 Class C shares
Alphabet Inc. reported that President, Global Affairs and Chief Legal Officer John Kent Walker acquired 94,715 shares of Class C capital stock through a performance-based equity award.
Rhea-AI Filing Summary
Alphabet Inc. reported that President, Global Affairs and Chief Legal Officer John Kent Walker acquired 94,715 shares of Class C capital stock through a performance-based equity award. The shares were issued at no cash cost upon certification that performance criteria under performance stock units were satisfied.
The award was granted on May 3, 2023 under Alphabet's Amended and Restated 2021 Stock Plan and a PSU award agreement. Payout depended on Alphabet's total shareholder return relative to S&P 100 companies over a three-year period ending December 31, 2025. Alphabet's total shareholder return of 203.65% ranked at the 92.86th percentile, resulting in a 200% of target payout, or 94,715 shares including share-settled dividends. Following this acquisition, Walker directly holds 118,221 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 |
Footnotes (1)
- 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.
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