Alphabet (NASDAQ: GOOGL) CLO reports Class C unit vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alphabet Inc. executive John Kent Walker, President of Global Affairs and Chief Legal Officer, reported vesting and related movements in Class C equity awards. Previously granted Class C Google Stock Units vested, and 6,495 GSUs converted into the same number of Class C Capital Stock shares at no stated price.
To cover taxes from this vesting, 6,555 Class C Google Stock Units were withheld, a non-market, tax-withholding disposition rather than an open-market sale. After these changes, Walker directly holds 6,516 Class C Capital Stock shares and 77,404 Class C Google Stock Units, and indirectly holds 84,288 Class C Capital Stock shares through the Arete Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
WALKER JOHN KENT
Role
President, Global Affairs, CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class C Google Stock Units | 6,495 | $0.00 | -- |
| Tax Withholding | Class C Google Stock Units | 6,555 | $0.00 | -- |
| Conversion | Class C Capital Stock | 6,495 | $0.00 | -- |
| holding | Class C Capital Stock | -- | -- | -- |
| holding | Class C Google Stock Units | -- | -- | -- |
| holding | Class C Google Stock Units | -- | -- | -- |
Holdings After Transaction:
Class C Google Stock Units — 77,404 shares (Direct, null);
Class C Capital Stock — 6,516 shares (Direct, null);
Class C Capital Stock — 84,288 shares (Indirect, By Arete Trust, John Kent Walker and Diana Ruth Walsh, Trustees)
Footnotes (1)
- 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 GSU vests. 7/45 of GSUs will vest on the 25th of the month of the Grant Date; 7/180 of GSUs will vest on the 25th of the month 1 month(s) after the Grant Date, vesting 7/180 every 1 month(s) for 8 event(s); 1/45 of GSUs will vest on the 25th of the month 9 month(s) after the Grant Date; 2/45 of GSUs will vest on the 1st of the month 10 month(s) after the Grant Date; 1/45 of GSUs will vest on the 1st of the month 11 month(s) after the Grant Date, vesting 1/45 every 1 month(s) for 21 event(s), subject to continued employment on such vesting date(s). Vesting of GSUs grant of which was previously reported in Form 4. Shares withheld to satisfy tax obligations arising out of vesting of GSUs. 1/6th of the GSUs vested on June 25, 2024; 1/12th of the GSUs vested on September 25, 2024, and an additional 1/12th of the GSUs vests quarterly thereafter on the 25th day of the month until the GSUs are fully vested, subject to continued employment on the applicable vesting dates. The GSUs vest as follows: (i) 27/260th of the grant will vest on each March 25, 2025, June 25, 2025, September 25, 2025 and December 25, 2025; and (ii) 19/260th of the grant will vest quarterly on the 25th day of the month from March 25, 2026 through December 25, 2026, and on the 1st day of the month from April 1, 2027 through January 1, 2028, subject to continued employment on the applicable vesting dates.
Key Figures
GSUs converted: 6,495 units
Units withheld for tax: 6,555 units
Direct Class C shares: 6,516 shares
+3 more
6 metrics
GSUs converted
6,495 units
Class C Google Stock Units converted to Class C Capital Stock
Units withheld for tax
6,555 units
GSUs withheld to satisfy tax obligations on vesting
Direct Class C shares
6,516 shares
Alphabet Class C Capital Stock held directly after transactions
Direct GSUs
77,404 units
Class C Google Stock Units held directly after transactions
Indirect Class C shares
84,288 shares
Class C Capital Stock held indirectly via Arete Trust
Tax-withholding shares count
6,555 shares
Tax withholding disposition reported in transactionSummary
Key Terms
Class C Google Stock Units, vesting, Class C Capital Stock, tax obligations, +1 more
5 terms
Class C Google Stock Units financial
"Class C Google Stock Units (GSUs) entitle the Reporting Person to receive one share"
vesting financial
"GSUs will vest on the 25th of the month of the Grant Date; 7/180 of GSUs will vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class C Capital Stock financial
"receive one share of Alphabet Inc. Class C capital stock for each share underlying"
tax obligations financial
"Shares withheld to satisfy tax obligations arising out of vesting of GSUs."
Arete Trust financial
"By Arete Trust, John Kent Walker and Diana Ruth Walsh, Trustees"
FAQ
What insider transactions did Alphabet (GOOG) disclose for John Kent Walker?
Alphabet disclosed that John Kent Walker had Class C Google Stock Units vest, with 6,495 GSUs converting into Class C Capital Stock and 6,555 GSUs withheld to cover tax obligations related to the vesting, according to the Form 4 filing.
What are John Kent Walker’s indirect Alphabet (GOOG) holdings through Arete Trust?
The Form 4 reports 84,288 Alphabet Class C Capital Stock shares held indirectly by Arete Trust, with John Kent Walker and Diana Ruth Walsh as trustees. These shares are attributed as indirect beneficial ownership associated with Walker in the filing.
What do the withheld Alphabet (GOOG) stock units represent in this Form 4?
The 6,555 withheld Class C Google Stock Units represent shares used to satisfy tax obligations from vesting. The filing specifies this is payment of tax liability by delivering securities, not an open-market sale, typical for equity compensation vesting.
How do Alphabet (GOOG) Class C Google Stock Units work for John Kent Walker?
The footnotes explain that each Class C Google Stock Unit entitles Walker to receive one share of Alphabet Class C Capital Stock upon vesting, following detailed vesting schedules conditioned on his continued employment through specified future vesting dates.