[Form 4] Meta Platforms, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Meta Platforms, Inc. director reports RSU settlement and share increase. A Meta Platforms, Inc. director reported the settlement of 189 Restricted Stock Units (RSUs), each converting into one share of Meta Class A common stock. The RSUs were exercised at a price of $0, and the same 189 shares are reflected as acquired in the non-derivative table. Following this transaction, the director beneficially owns 7,480 shares of Meta Class A common stock in direct ownership. The RSUs vest quarterly in 1/16th increments beginning on May 15, 2022, contingent on continued service.
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FAQ
What insider transaction did META report in this Form 4?
The filing reports the settlement of 189 Restricted Stock Units (RSUs) into 189 shares of Meta Platforms, Inc. Class A common stock at an exercise price of $0.
How many META shares does the reporting person own after this transaction?
After the reported transaction, the director beneficially owns 7,480 shares of Meta Platforms, Inc. Class A common stock in direct ownership.
What is the relationship of the reporting person to Meta Platforms, Inc. (META)?
The reporting person is a Director of Meta Platforms, Inc., as indicated in the relationship section of the filing.
What does each META RSU represent in this Form 4 filing?
Each Restricted Stock Unit (RSU) represents a contingent right to receive 1 share of Meta Platforms, Inc. Class A common stock upon settlement.
How do the META RSUs reported here vest over time?
The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2022, subject to the reporting person’s continued service through each vesting date.
Was cash paid for the META shares acquired in this transaction?
No cash was paid for the shares in this transaction; the 189 RSUs were settled into 189 Class A shares at an exercise price of $0.