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Alphabet (GOOG) director Chavez granted new Google Stock Units and dividend units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CHAVEZ R. MARTIN reported acquisition or exercise transactions in this Form 4 filing.

Alphabet Inc. director R. Martin Chavez reported routine equity compensation changes. He held 10,330 shares of Class C Capital Stock directly after the reported entries. He also received several small grants of Class C Google Stock Units and related dividend equivalent units at no cost, each unit convertible into one Class C share as it vests under existing monthly vesting schedules.

Positive

  • None.

Negative

  • None.

Insights

Routine equity awards and dividend-linked units for an Alphabet director.

R. Martin Chavez, a director of Alphabet Inc., reported additional Class C Google Stock Units and dividend equivalent units as compensation. These awards carry a zero purchase price and are structured to deliver one Class C share for each unit once vested.

The filing notes detailed vesting schedules, such as 1/48 of certain GSUs vesting monthly and 1/4 of others having already vested, with future vesting tied to continued service or employment. This indicates long-term, service-based incentives rather than market trading.

After the reported grants, Chavez directly holds 10,330 shares of Class C Capital Stock and multiple GSU and DEU positions, including a grant showing 1,558 units. The transactions do not involve open-market buying or selling and appear to be standard board and employee compensation.

Insider CHAVEZ R. MARTIN
Role null
Type Security Shares Price Value
Grant/Award Class C Google Stock Units 0.2 $0.00 --
Grant/Award Class C Google Stock Units 0.5 $0.00 --
Grant/Award Class C Google Stock Units 1 $0.00 --
Grant/Award Class C Google Stock Units 1 $0.00 --
holding Class C Capital Stock -- -- --
Holdings After Transaction: Class C Google Stock Units — 371 shares (Direct, null); Class C Capital Stock — 10,330 shares (Direct, null)
Footnotes (1)
  1. The Class C Google Stock Units (GSU) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock for each share underlying the GSU as GSU vest.1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates. Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of June 8, 2026, in connection with the cash dividend that was declared by the Issuer and distributed on June 15, 2026. These DEUs will vest on the same schedule as the GSUs on which the DEUs accrued. Each DEU entitles the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the DEU as each DEU vests. Consists of 3 DEUs and 368 GSUs. 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 employment on such vesting dates. Consists of 7 DEUs and 770 GSUs. 1/4th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests on the 25th day of each month thereafter, subject to continued service on the Board on the applicable vesting dates. Consists of 8 DEUs and 1,018 GSUs. 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. Consists of 4 DEUs and 1,554 GSUs.
Class C shares held 10,330 shares Class C Capital Stock held directly after reported transactions
GSU grant size example 1.0000 unit Class C Google Stock Units granted on June 15, 2026 at $0.0000
Smaller GSU grant 0.5000 unit Additional Class C Google Stock Units granted on June 15, 2026
Smallest GSU grant 0.2000 unit Class C Google Stock Units granted on June 15, 2026
Post-grant GSU holding example 1,558.0000 units Class C Google Stock Units position after one reported grant
Class C Google Stock Units financial
"The Class C Google Stock Units (GSU) entitle the Reporting Person to receive one share of Alphabet Inc."
GSU financial
"The Class C Google Stock Units (GSU) entitle the Reporting Person to receive one share of Alphabet Inc."
dividend equivalent units financial
"Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of June 8, 2026, in connection with the cash dividend."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
DEUs financial
"These DEUs will vest on the same schedule as the GSUs on which the DEUs accrued."
vest financial
"as GSU vest.1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests monthly thereafter"
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CHAVEZ R. MARTIN
(Last)(First)(Middle)
C/O ALPHABET INC.
1600 AMPHITHEATRE PKWY
(Street)
MOUNTAIN VIEW CALIFORNIA 94043
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Alphabet Inc. [ GOOGL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class C Google Stock Units(1)06/15/2026A0.2(2)A$0371(3)D
Class C Google Stock Units(4)06/15/2026A0.5(2)A$0777(5)D
Class C Google Stock Units(6)06/15/2026A1(2)A$01,026(7)D
Class C Google Stock Units(8)06/15/2026A1(2)A$01,558(9)D
Class C Capital Stock10,330D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Class C Google Stock Units (GSU) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock for each share underlying the GSU as GSU vest.1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates.
2. Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of June 8, 2026, in connection with the cash dividend that was declared by the Issuer and distributed on June 15, 2026. These DEUs will vest on the same schedule as the GSUs on which the DEUs accrued. Each DEU entitles the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the DEU as each DEU vests.
3. Consists of 3 DEUs and 368 GSUs.
4. 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 employment on such vesting dates.
5. Consists of 7 DEUs and 770 GSUs.
6. 1/4th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests on the 25th day of each month thereafter, subject to continued service on the Board on the applicable vesting dates.
7. Consists of 8 DEUs and 1,018 GSUs.
8. 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.
9. Consists of 4 DEUs and 1,554 GSUs.
/s/Fadillah Badar, as Attorney-in-Fact for R. Martin Chavez06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Alphabet (GOOG) director R. Martin Chavez report in this Form 4?

R. Martin Chavez reported additional Class C Google Stock Units and dividend equivalent units as compensation awards. These units convert into Class C shares as they vest, reflecting routine equity-based compensation rather than open-market stock purchases or sales.

How many Alphabet Class C shares does R. Martin Chavez hold after the transactions?

After the reported entries, R. Martin Chavez holds 10,330 shares of Alphabet Class C Capital Stock directly. This figure reflects his direct stock position separate from his Google Stock Units and dividend equivalent units, which will convert into shares only as they vest over time.

What are Class C Google Stock Units (GSUs) in the Alphabet (GOOG) filing?

Class C Google Stock Units are equity awards that entitle the holder to receive one share of Alphabet Class C Capital Stock for each unit as it vests. Vesting typically occurs monthly in fractions like 1/48, conditioned on continued employment or board service on specified dates.

What are dividend equivalent units (DEUs) mentioned in the Alphabet (GOOG) Form 4?

Dividend equivalent units accrue on existing Google Stock Units when Alphabet pays cash dividends. Each DEU will vest on the same schedule as the underlying GSUs and entitles the holder to receive one Class C share for each vested DEU, mirroring the original award’s structure.

Did R. Martin Chavez buy or sell Alphabet (GOOG) shares on the open market?

The filing does not show any open-market purchases or sales. Instead, it reports grant or award acquisitions of Google Stock Units and dividend equivalent units at a zero price, plus an updated holding line for Class C Capital Stock, indicating routine compensation-related activity only.

How do the Alphabet (GOOG) GSU vesting schedules work for this director?

The vesting schedules include patterns such as 1/48 of GSUs vesting monthly and an initial 1/4 tranche that vested earlier. Future vesting occurs on specified days of each month, contingent on continued employment or continued service on the board at those vesting dates.