Alphabet (NASDAQ: GOOG) accounting chief reports Google Stock Unit vesting
Rhea-AI Filing Summary
Alphabet Inc. VP and Chief Accounting Officer Amie Thuener O'Toole reported equity award activity involving Class A and Class C stock. She reported holding 8,940 shares of Class A Common Stock after the most recent update. On Class C Capital Stock, 957 shares were acquired through conversion of derivative securities at a reported price of $0.0000 per share, bringing her Class C holdings to 10,873 shares.
The filing also details several transactions in Class C Google Stock Units. These units converted into 677 and 280 shares of Class C stock, while 683 and 282 units were withheld at a price of $310.9200 per unit to cover tax obligations related to vesting. Footnotes explain that the Google Stock Units vest in scheduled monthly installments over several years, subject to continued employment on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| Conversion | Class C Capital Stock | 957 | $0.00 | -- |
| Conversion | Class C Google Stock Units | 677 | $0.00 | -- |
| Tax Withholding | Class C Google Stock Units | 683 | $310.92 | $212K |
| Conversion | Class C Google Stock Units | 280 | $0.00 | -- |
| Tax Withholding | Class C Google Stock Units | 282 | $310.92 | $88K |
Footnotes (1)
- Vesting of Google Stock Units ("GSUs") grant of which was previously reported in Form 4. Shares withheld to satisfy tax obligations arising out of vesting of GSUs. 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 vests. 1/18th of the grant will vest on the 25th day of the month starting on March 25, 2025; 1/36th of the grant will vest on the 25th day of each month starting on March 25, 2026; and 1/36th of the grant will vest on March 1, 2027, subject to continued employment on each vesting date. 1/36th of the grant will vest on the 25th day of the month starting on March 25, 2025; and 1/36th of the grant will vest on 1st of the month starting April 1, 2027, subject to continued employment on each vesting date.