Meta (NASDAQ: META) CLO Mahoney settles RSUs with tax withholding, retains 3,197 shares
Rhea-AI Filing Summary
Meta Platforms, Inc. Chief Legal Officer Curtis J. Mahoney reported routine equity compensation activity involving restricted stock units (RSUs). On May 15, 2026, RSUs covering 6,342 shares of Class A Common Stock were converted into shares, increasing his direct equity exposure.
Of these, 3,145 shares were withheld by Meta to satisfy income tax obligations in a net share settlement, which the footnotes state does not represent a sale. After the withholding, Mahoney directly holds 3,197 shares of Class A Common Stock and 69,769 RSUs that remain outstanding.
The RSUs vest over time: 1/12 of the total vests on May 15, 2026, then 1/16 vests quarterly for up to 14 installments, with the final 2/48 vesting on February 15, 2030, subject to continued service. This filing reflects compensation and tax mechanics rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) (Class A) | 6,342 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,342 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,145 | $618.43 | $1.94M |
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 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.