Alphabet (NASDAQ: GOOG) CLO logs GSU vesting and tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alphabet Inc. President, Global Affairs and CLO John Kent Walker reported routine equity compensation activity involving Class C shares. Several tranches of Class C Google Stock Units converted into Class C capital stock as they vested, with no open-market purchases or sales disclosed.
The company withheld 9,078 Class C shares at 289.20 per share to satisfy tax obligations arising from GSU vesting. Following these transactions, Walker holds 59,820 Class C shares directly and 60,801 Class C shares indirectly through Arete Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
WALKER JOHN KENT
Role
President, Global Affairs, CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class C Google Stock Units | 4,740 | $0.00 | -- |
| Tax Withholding | Class C Google Stock Units | 4,785 | $289.20 | $1.38M |
| Conversion | Class C Google Stock Units | 4,254 | $0.00 | -- |
| Tax Withholding | Class C Google Stock Units | 4,293 | $289.20 | $1.24M |
| Conversion | Class C Capital Stock | 8,994 | $0.00 | -- |
| holding | Class C Capital Stock | -- | -- | -- |
Holdings After Transaction:
Class C Google Stock Units — 33,363 shares (Direct);
Class C Capital Stock — 32,501 shares (Direct);
Class C Capital Stock — 60,801 shares (Indirect, By Arete Trust, John Kent Walker and Diana Ruth Walsh, Trustees)
Footnotes (1)
- Class C Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the GSUs as each GSU vests. 1/6th of the GSUs vested on June 25, 2024; 1/12th of the GSUs vested on September 25, 2024, and an additional 1/12th of the GSUs vests quarterly thereafter on the 25th day of the month until the GSUs are fully vested, subject to continued employment on the applicable vesting dates. Vesting of GSUs grant of which was previously reported in Form 4. Shares withheld to satisfy tax obligations arising out of vesting of GSUs. The GSUs vest as follows: (i) 27/260th of the grant will vest on each March 25, 2025, June 25, 2025, September 25, 2025 and December 25, 2025; and (ii) 19/260th of the grant will vest quarterly on the 25th day of the month from March 25, 2026 through December 25, 2026, and on the 1st day of the month from April 1, 2027 through January 1, 2028, subject to continued employment on the applicable vesting dates.
FAQ
What did Alphabet (GOOG) executive John Kent Walker report in this Form 4?
John Kent Walker reported routine equity compensation activity. Class C Google Stock Units vested and converted into Class C capital stock, and some shares were withheld to cover tax obligations. No open-market share purchases or sales were disclosed in these transactions.
What are Class C Google Stock Units (GSUs) reported by Alphabet (GOOG)?
Class C Google Stock Units entitle the holder to receive one share of Alphabet Class C capital stock for each unit as it vests. The footnotes describe a scheduled vesting pattern over multiple dates, subject to the executive’s continued employment on those vesting dates.
Do the reported Alphabet (GOOG) transactions indicate option exercises or GSU vesting?
The transactions reflect conversion of derivative securities, specifically Class C Google Stock Units vesting into Class C capital stock, coded C. Footnotes confirm these entries relate to vesting of previously granted GSUs under scheduled vesting terms tied to continued employment.