Meta (META) director John Elkann nets RSU shares after tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
110 shares exercised/converted
Mixed
3 txns
Insider
Elkann John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) (Class A) | 110 | $0.00 | -- |
| Exercise | Class A Common Stock | 110 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 10 | $639.77 | $6K |
Holdings After Transaction:
Restricted Stock Units (RSU) (Class A) — 1,314 shares (Direct);
Class A Common Stock — 721 shares (Direct)
Footnotes (1)
- Represents the number of shares that were acquired in connection with the settlement of the Restricted Stock Units ("RSUs") listed in Table II. 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. 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 May 15, 2025, subject to continued service through each vesting date.
FAQ
What did Meta (META) director John Elkann report in this Form 4?
John Elkann reported settlement of Restricted Stock Units into 110 Meta Class A shares. After this derivative exercise, he directly held 711 Class A shares and 1,314 RSUs, reflecting routine equity compensation activity rather than an open-market purchase or sale.
What is the vesting schedule for John Elkann’s Meta RSUs mentioned in the filing?
The RSUs vest quarterly in equal 1/16 installments, beginning May 15, 2025. Vesting is conditioned on continued service through each applicable vesting date, meaning Elkann must remain in his role for the units to convert into Meta Class A shares over time.
What does each Meta RSU reported by John Elkann represent?
Each Restricted Stock Unit reported represents a contingent right to receive one share of Meta Class A common stock. The units convert into actual shares only upon settlement, which occurs according to the specified vesting schedule and continued service conditions described in the footnotes.