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Alphabet Inc. — Director's Dealing 2024
Feb 10, 2024
29736_dirs_2024-02-09_3ac8c4ae-b940-4310-9b6e-b1483c1a435e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Alphabet Inc. (GOOG)
CIK: 0001652044
Period of Report: 2024-02-07
Reporting Person: WALKER JOHN KENT (President, Global Affairs, CLO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-07 | Class C Capital Stock | A | 97120 | $0.00 | Acquired | 120613 | Direct |
| 2024-02-07 | Class C Capital Stock | F | 49043 | $145.41 | Disposed | 71570 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class C Capital Stock | 60801 | Indirect |
| Class C Google Stock Units | 112836 | Direct |
| Class C Google Stock Units | 41200 | Direct |
Footnotes
F1: The shares were acquired upon the certification by the Leadership Development, Inclusion and Compensation Committee of Alphabet Inc. for the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on April 7, 2021 under the terms of Alphabet's Amended and Restated 2012 Stock Plan and applicable PSU award agreement. The award provided that if Alphabet's total shareholder return (relative to S&P 100 companies) ("TSR") performance meets or exceeds the 75th percentile for the three-year performance period ending December 31, 2023, it would result in a maximum PSU payout of 200% of target. Alphabet's total TSR for the three-year performance period was 60.19%, which ranked Alphabet's TSR at the 79.80th percentile relative to S&P 100 companies, resulting in a maximum payout of 200% or 97,120 shares.
F2: Shares withheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs.
F3: The 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 GSU as GSU vests. 1/6th of the GSU grant vested on June 25, 2023 and an additional 1/12th of the grant will vest quarterly thereafter until fully vested, in each case subject to continuing employment on the applicable vesting dates.
F4: 1/12th of the GSU grant vested on March 25, 2022 and an additional 1/12th will vest quarterly thereafter until fully vested, in each case subject to continued employment on the applicable vesting dates.