Meta (META) director Tan Hock E gains 167 shares through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meta Platforms director Tan Hock E acquired 167 shares of Class A common stock through the settlement of restricted stock units. These RSUs convert 1-for-1 into common shares and vest quarterly in 1/16 increments beginning on May 15, 2024, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
167 shares exercised/converted
Mixed
2 txns
Insider
TAN HOCK E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) (Class A) | 167 | $0.00 | -- |
| Exercise | Class A Common Stock | 167 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) (Class A) — 1,338 shares (Direct);
Class A Common Stock — 2,395 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. 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, 2024, subject to continued service through each vesting date.
FAQ
What did Meta (META) director Tan Hock E report on this Form 4?
Meta director Tan Hock E reported acquiring 167 Class A shares via restricted stock unit settlement. This was an RSU vesting event, not an open-market purchase, and increased his directly held Class A common stock as disclosed in the filing.
What does each Meta (META) restricted stock unit represent in this filing?
Each restricted stock unit represents a contingent right to receive one share of Meta’s Class A common stock upon settlement. When RSUs vest, they convert into common shares on a 1-for-1 basis as specified in the footnotes to the reported transactions.
What is the vesting schedule for Tan Hock E’s Meta (META) RSUs?
The RSUs vest quarterly as to 1/16 of the total award, beginning on May 15, 2024. Vesting on each quarterly date is conditioned on continued service, meaning remaining in the eligible role through the applicable vesting date.
How many Meta (META) securities does Tan Hock E hold after these transactions?
After the RSU settlement, Tan Hock E holds 2,395 shares of Meta Class A common stock and 1,338 restricted stock units. The common shares and RSUs are reported as directly owned in the post-transaction ownership totals in the Form 4 tables.