Microsoft director awarded restricted stock units
Hoffman Reid reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hoffman Reid reported acquisition or exercise transactions in this Form 4 filing.
Microsoft director Reid Hoffman reported a new equity award. He received 37.726 restricted stock units, each representing a right to one share of Microsoft common stock. The units are fully vested, with shares to be delivered on the first anniversary after his separation from the Board. Dividend equivalent rights accrue on these units when dividends are paid, matching the underlying shares. The filing also notes 15,905 shares of common stock held indirectly through a living trust, showing an additional long-term ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 37.726 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.
- 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.
- F3. The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made on the 1st anniversary after the date of the reporting person's separation from service to the Board of Directors.
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