Meta director Elkann settles RSUs, tax shares withheld
Meta Platforms director John Elkann reported routine equity compensation activity.
Rhea-AI Filing Summary
Meta Platforms director John Elkann reported routine equity compensation activity. On settlement of previously granted Restricted Stock Units, he acquired 110 shares of Class A common stock at $0.00 per share through a derivative exercise/conversion.
Following these transactions, he directly owned 711 shares of Class A common stock and 1,314 RSUs. Footnotes state that 10 shares of Class A common stock were withheld by Meta to cover income tax obligations related to the RSU settlement, and this withholding is explicitly described as not a sale. Each RSU represents a right to receive one share and vests quarterly in equal sixteenth installments beginning May 15, 2025, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) (Class A) | 110 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 110 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 10 | $639.77 | $6K |
Footnotes (4)
- F1. Represents the number of shares that were acquired in connection with the settlement of the Restricted Stock Units ("RSUs") listed in Table II.
- F2. 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 RSUs and does not represent a sale.
- F3. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
- F4. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.
FAQ
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What did Meta (META) director John Elkann report in this Form 4?
What is the vesting schedule for John Elkann’s Meta RSUs mentioned in the filing?
What does each Meta RSU reported by John Elkann represent?
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