Oracle legal chief settles 26,337 RSUs, tax withheld
Oracle’s chief legal officer settled RSUs into common stock, with a portion withheld to cover taxes and no Rule 10b5-1 plan reported.
Rhea-AI Filing Summary
ORACLE CORP (ORCL) reported that executive vice president and chief legal officer Stuart Levey exercised and settled 26,337 Restricted Stock Units into an equal number of Oracle common shares on September 15, 2026. Of these, 11,883 shares were withheld to satisfy tax liability at $144.79 per share; no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
26,337 shares exercised/converted
Exercise
3 txns
Insider
Levey Stuart
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F2, F3 | 26,337 | $0.00 | $0.00 |
| Exercise | Common Stock | 26,337 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 11,883 | $144.79 | $1.72M |
Holdings After Transaction:
Restricted Stock Unit — 26,337 contracts (Direct);
Common Stock — 17,883 shares (Direct)
Footnotes (3)
- F1. Shares withheld for payment of tax liability upon vesting of restricted stock units.
- F2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3. The restricted stock units vest in four equal annual installments, beginning on the first anniversary of the date of grant.
Key Figures
RSUs settled into common stock: 26,337 units/shares
Shares withheld for taxes: 11,883 shares
Tax withholding price: $144.79 per share
3 metrics
RSUs settled into common stock
26,337 units/shares
Restricted Stock Units converted into Oracle common stock on September 15, 2026
Shares withheld for taxes
11,883 shares
Oracle common shares withheld to satisfy tax liability upon RSU vesting
Tax withholding price
$144.79 per share
Price applied to 11,883 withheld Oracle common shares for tax liability payment
Key Terms
Restricted Stock Unit, tax liability, Rule 10b5-1
3 terms
Restricted Stock Unit financial
"26,337 Restricted Stock Units were exercised and settled into common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax liability financial
"Shares withheld for payment of tax liability upon vesting of restricted stock units"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is indicated for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ORCL’s chief legal officer report on this Form 4?
Stuart Levey reported the exercise and settlement of 26,337 Restricted Stock Units into Oracle common stock on September 15, 2026, with part of the resulting shares withheld to cover tax obligations.
Was Stuart Levey’s ORCL transaction under a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the September 15, 2026 RSU settlement or related share withholding occurred under a Rule 10b5-1 trading plan.
What does each ORCL Restricted Stock Unit reported by Stuart Levey represent?
Each reported Restricted Stock Unit represents the right to receive, at settlement, one share of Oracle common stock. The RSUs vest in four equal annual installments beginning on the first anniversary of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.