STOCK TITAN

Microsoft director Teri List granted 42.639 RSUs

Microsoft director Teri List received a fully vested RSU award tied to board service, adding modest equity exposure alongside existing direct and trust-held Microsoft shares.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MICROSOFT CORP (symbol: MSFT) is the issuer of record for a Form 4 filing submitted to the SEC. List Teri reported acquisition or exercise transactions in this Form 4 filing.

MICROSOFT CORP (MSFT) director Teri List reported a grant of 42.639 restricted stock units on September 10, 2026, each representing one share of common stock. These RSUs are fully vested, with shares deliverable 30 days after separation from service on the Board, and dividend equivalent rights accrue on them. Following this grant, List holds 23,117.153 RSUs, 125 common shares directly, and 3,096 common shares indirectly through a trust. No Rule 10b5-1 trading plan is reported for this award.

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Insider List Teri
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2, F3 42.639 $0.00 $0.00
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 23,117.153 contracts (Direct); Common Stock — 125 shares (Direct); Common Stock — 3,096 shares (Indirect, By Trust)
Footnotes (3)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.
  2. F2. Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate.
  3. F3. The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made 30 days after the date of the reporting person's separation from service to the Board of Directors.
RSUs granted 42.639 units Restricted stock units granted to Teri List on September 10, 2026
RSUs held after transaction 23,117.153 units Total Microsoft RSUs reported as directly held after the grant
Direct common shares 125 shares Microsoft common stock held directly by Teri List as of September 10, 2026
Indirect common shares by trust 3,096 shares Microsoft common stock held indirectly by trust for Teri List
RSU delivery timing 30 days Shares underlying RSUs delivered 30 days after separation from Board service
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Dividend equivalent rights accrue when and as dividends are paid"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
separation from service regulatory
"Delivery of the shares will be made 30 days after the date of separation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Microsoft (MSFT) director Teri List report?

Teri List reported a grant of 42.639 restricted stock units on September 10, 2026. Each unit represents one share of Microsoft common stock and is fully vested, with delivery of the underlying shares after separation from service on the Board of Directors.

How many Microsoft (MSFT) restricted stock units does Teri List hold after this filing?

After the September 10, 2026 grant, Teri List holds 23,117.153 restricted stock units. Each RSU represents a contingent right to receive one share of Microsoft common stock, subject to the timing conditions described for delivery.

What common stock holdings in Microsoft (MSFT) does Teri List report?

Teri List reports 125 shares of Microsoft common stock held directly and 3,096 shares held indirectly by trust. These positions are listed as holdings as of September 10, 2026 in the ownership table.

When will the RSU shares for Teri List’s Microsoft (MSFT) award be delivered?

The filing states that shares underlying the RSUs will be delivered to Teri List 30 days after the date of her separation from service on Microsoft’s Board of Directors. The RSUs themselves are already fully vested.

Do Teri List’s Microsoft (MSFT) RSUs include dividend equivalent rights?

Yes. The filing explains that dividend equivalent rights accrue on the RSUs when and as dividends are paid on Microsoft’s common stock, and these rights become exercisable proportionately with the related restricted stock units.

Was Teri List’s Microsoft (MSFT) RSU grant made under a Rule 10b5-1 plan?

No. The Rule 10b5-1 checkbox for the reported transactions is not marked as being under a trading plan, and the footnotes do not indicate that this RSU grant was made pursuant to any Rule 10b5-1 arrangement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
List Teri

(Last)(First)(Middle)
C/O MICROSOFT CORPORATION
ONE MICROSOFT WAY

(Street)
REDMOND WASHINGTON 98052-6399

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MICROSOFT CORP [ MSFT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock125D
Common Stock3,096IBy Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)09/10/2026A42.639(2) (3) (3)Common Stock42.639$023,117.153D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.
2. Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate.
3. The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made 30 days after the date of the reporting person's separation from service to the Board of Directors.
Julia Stark, Attorney-in-fact for Teri List09/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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