Alphabet (NASDAQ: GOOGL) director gets 980-unit annual stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ARNOLD FRANCES reported acquisition or exercise transactions in this Form 4 filing.
Alphabet Inc. director Frances Arnold reported routine equity compensation and updated holdings. The filing shows an award of 980 Class C Google Stock Units (GSUs), described as an annual director grant with no cash paid per unit.
Each GSU entitles her to receive one share of Alphabet Class C Capital Stock as the units vest over time, subject to continued service. After these updates, she directly holds 18,833 shares of Class C Capital Stock along with several outstanding GSU awards, including the new 980-unit grant that vests in monthly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
ARNOLD FRANCES
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Google Stock Units | 980 | $0.00 | -- |
| holding | Class C Google Stock Units | -- | -- | -- |
| holding | Class C Google Stock Units | -- | -- | -- |
| holding | Class C Google Stock Units | -- | -- | -- |
| holding | Class C Capital Stock | -- | -- | -- |
Holdings After Transaction:
Class C Google Stock Units — 980 shares (Direct, null);
Class C Capital Stock — 18,833 shares (Direct, null)
Footnotes (1)
- The Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock for each share underlying the GSU as GSU vests. 1/48 of GSUs shall vest on the 25th of the month of the Grant Date, vesting 1/48 every 1 month(s) for 7 event(s); 1/48 of GSUs shall vest on the 1st of the month 7 month(s) after the Grant Date, vesting 1/48 every 1 month(s) for 41 event(s), subject to continued employment on such vesting date(s). Annual Director Grant. 1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates. 1/48 of GSUs vests on the 25th day of each month following the grant date for 31 months and on the 1st day of each month for the following 17 months, subject to continued service on such vesting dates. 1/48 of GSUs will vest on the 25th day of each month following the grant date for 19 months and on the 1st day of each month for the following 29 months, subject to continued service on the Board on the applicable vesting dates.
Key Figures
Annual director grant: 980 Google Stock Units
Direct Class C shares held: 18,833 shares
GSU holding 1: 1,516 GSUs
+2 more
5 metrics
Annual director grant
980 Google Stock Units
Award of Class C GSUs reported as grant/acquisition
Direct Class C shares held
18,833 shares
Class C Capital Stock held directly following reported updates
GSU holding 1
1,516 GSUs
Class C Google Stock Units position with 1,516 units after update
GSU holding 2
984 GSUs
Class C Google Stock Units position with 984 units after update
GSU holding 3
717 GSUs
Class C Google Stock Units position with 717 units after update
Key Terms
Google Stock Units (GSUs), Annual Director Grant, Class C Capital Stock, vest, +1 more
5 terms
Google Stock Units (GSUs) financial
"The Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock"
Annual Director Grant financial
"Annual Director Grant."
Class C Capital Stock financial
"receive one share of Alphabet Inc. Class C Capital Stock for each share underlying the GSU as GSU vests."
vest financial
"1/48 of GSUs shall vest on the 25th of the month of the Grant Date, vesting 1/48 every 1 month(s)"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to continued service on such vesting dates."
FAQ
What insider transaction did Frances Arnold report for Alphabet (GOOGL)?
Frances Arnold reported receiving an award of 980 Class C Google Stock Units as compensation. This grant is an annual director grant, with each unit convertible into one Alphabet Class C share as it vests over time, subject to continued board service.
What are Alphabet (GOOGL) Class C Google Stock Units (GSUs)?
Alphabet Class C Google Stock Units are stock-based awards that convert into Class C shares as they vest. Each GSU represents the right to receive one share of Class C Capital Stock, typically vesting in monthly installments, subject to the recipient’s continued service or employment.
Is the 980-unit grant to Frances Arnold an open-market purchase of Alphabet stock?
No, the 980-unit grant is not an open-market purchase; it is a stock-based award. The Form 4 identifies it as a grant or award acquisition with a price of zero, reflecting routine director compensation rather than a voluntary market buy of Alphabet shares.
How do the vesting terms work for Frances Arnold’s Alphabet Google Stock Units?
The footnotes state the Google Stock Units vest in 1/48 increments on specified monthly dates. Portions vest on the 25th or 1st of the month over several years, and vesting requires continued service on the board or continued employment on each vesting date.