Meta Platforms (NASDAQ: META) executive settles RSUs, covers taxes with withheld shares
Rhea-AI Filing Summary
Meta Platforms, Inc. executive Dina H. Powell, President and Vice Chairman, reported routine equity compensation activity involving Restricted Stock Units (RSUs) tied to Class A Common Stock. On May 15, 2026, she exercised RSUs to acquire a total of 9,635 shares of Class A Common Stock through derivative exercises.
On the same date, 4,384 shares of Class A Common Stock valued at $618.43 per share were withheld by Meta to cover income tax obligations from the net settlement of these RSUs, which the filing specifies does not represent a market sale. Following these transactions, Powell continues to hold Meta shares directly, reflecting an exercise-and-hold pattern with tax withholding rather than open-market selling.
The RSUs represent a contingent right to receive one share of Class A Common Stock per unit and vest over time. One grant vests quarterly in 1/16th installments beginning on February 15, 2026, while another vests 1/12th on May 15, 2026 and then 1/16th quarterly, with final vesting on February 15, 2030, in each case subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) (Class A) | 2,024 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 7,611 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,024 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,611 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,384 | $618.43 | $2.71M |
Footnotes (1)
- Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Restricted Stock Units ("RSUs") and does not represent a sale. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on February 15, 2026, subject to continued service through each vesting date. The RSUs vest as to 1/12th of the total RSUs on May 15, 2026, and then 1/16th of the total RSUs vest quarterly thereafter, not to exceed 14 quarterly installments, with the final 2/48ths of the total RSUs vesting on February 15, 2030, subject to continued service through each vesting date.