Alphabet (GOOG) VP records small share sale as multiple GSUs vest
Rhea-AI Filing Summary
Alphabet Inc. VP and Chief Accounting Officer Marsida Saraci reported a mix of stock sales, vesting, and tax-related share withholdings. On Class C capital stock, she completed an open-market sale of 449 shares at a weighted average price around $341.72 per share, leaving 27,348 Class C shares held directly.
Multiple tranches of Class C Google Stock Units vested, converting into Class C capital stock as part of previously granted equity awards, while 453 shares were withheld to cover tax obligations tied to these vestings. She also reports holding 3,660 Class A common shares directly after the transactions.
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Negative
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Insights
Routine equity vesting with a modest stock sale and tax withholding.
Marsida Saraci’s Form 4 combines routine compensation events with a relatively small open-market sale. Several tranches of Class C Google Stock Units vested and converted into Class C capital stock, consistent with pre-set vesting schedules described in the footnotes.
To cover tax obligations from these vestings, 453 shares were delivered back to the issuer as tax-withholding dispositions, which are not market sales. The 449-share open-market sale at prices around $341.72 leaves her with 27,348 Class C and 3,660 Class A shares, suggesting a minor portfolio adjustment rather than a large directional move.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Capital Stock | 449 | $341.72 | $153K |
| Conversion | Class C Google Stock Units | 121 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Google Stock Units | 122 | $345.04 | $42K |
| Conversion | Class C Google Stock Units | 101 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Google Stock Units | 101 | $345.04 | $35K |
| Conversion | Class C Google Stock Units | 69 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Google Stock Units | 69 | $345.04 | $24K |
| Conversion | Class C Google Stock Units | 106 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Google Stock Units | 107 | $345.04 | $37K |
| Conversion | Class C Google Stock Units | 27 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Google Stock Units | 27 | $345.04 | $9K |
| Conversion | Class C Google Stock Units | 26 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class C Google Stock Units | 27 | $345.04 | $9K |
| Conversion | Class C Capital Stock | 449 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (9)
- F1. Class C Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the GSUs as each GSUs vests. 1/18 of GSUs shall vest on the 25th of the month 12 month(s) after the Grant Date, vesting 1/18 every 1 month(s) for 12 event(s); 1/36 of GSUs shall vest on the 25th of the month 24 month(s) after the Grant Date, vesting 1/36 every 1 month(s) for 11 event(s); 1/36 of GSUs shall vest on the 1st of the month 35 month(s) after the Grant Date, subject to continued employment on such vesting date(s).
- F2. Vesting of GSUs grant of which was previously reported in Form 4.
- F3. Shares withheld to satisfy tax obligations arising out of vesting of GSUs.
- F4. 1/36 of GSUs shall vest on the 25th of the month of the Vesting Start Date, vesting 1/36 every 1 month(s) for 23 event(s); 1/36 of GSUs shall vest on the 1st of the month 23 month(s) after the Vesting Start Date, vesting 1/36 every 1 month(s) for 13 event(s), subject to continued employment on such vesting date(s).
- F5. 1/36 of GSUs shall vest on the 25th of the month of the Grant Date, vesting 1/36 every 1 month(s) for 11 event(s); 1/36 of GSUs shall vest on the 1st of the month 11 month(s) after the Grant Date, vesting 1/36 every 1 month(s) for 25 event(s), subject to continued employment on such vesting date(s).
- F6. 1/10 of GSUs shall vest on the 25th of the month of the Grant Date, vesting 1/10 every 1 month(s) for 9 event(s); 1/10 of GSUs shall vest on the 1st of the month 9 month(s) after the Grant Date, subject to continued employment on such vesting date(s).
- F7. 1/34 of GSUs shall vest on the 25th of the month of the Grant Date, vesting 1/34 every 1 month(s) for 9 event(s); 1/34 of GSUs shall vest on the 1st of the month 9 month(s) after the Grant Date, vesting 1/34 every 1 month(s) for 25 event(s), subject to continued employment on such vesting date(s).
- F8. 1/22 of GSUs shall vest on the 25th of the month of the Grant Date, vesting 1/22 every 1 month(s) for 9 event(s); 1/22 of GSUs shall vest on the 1st of the month 9 month(s) after the Grant Date, vesting 1/22 every 1 month(s) for 13 event(s), subject to continued employment on such vesting date(s).
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $341.72 to $342.72, inclusive.
Key Figures
Key Terms
Google Stock Units financial
tax-withholding disposition financial
weighted average price financial
open-market sale financial
derivative conversion financial
FAQ
What did Alphabet (GOOG) executive Marsida Saraci report in this Form 4?
What are Alphabet Class C Google Stock Units (GSUs) mentioned in the filing?
Does this Alphabet Form 4 indicate a large insider sale by Marsida Saraci?
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