Form 4: Apple Director Alex Gorsky Acquires 1,516 Restricted Stock Units

Apple director Alex Gorsky was granted 1,516 restricted stock units, which will vest on February 1, 2025, assuming continued service.

Summary

• Alex Gorsky, a director at Apple Inc., was granted 1,516 restricted stock units on February 28, 2024.
• These restricted stock units represent the right to receive one share of Apple common stock each upon settlement.
• The units are scheduled to vest on February 1, 2025, contingent on Gorsky's continued service with the company.
• The grant was made automatically under the Apple Inc. Non-Employee Director Stock Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine stock grant to a director, which is a positive but expected event. It indicates alignment of interests and incentivizes continued service.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest on February 1, 2025, assuming continued service.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align their interests with shareholders and incentivize performance.

Comparison to Industry Standards

• Stock grants are a standard form of compensation for non-employee directors across the technology sector.
• Companies like Microsoft, Google, and Amazon also use similar equity-based compensation plans for their board members.
• The vesting period of one year is also typical for these types of grants.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the director, which is beneficial for the company.

Key Dates

Keywords

restricted stock units, stock grant, director compensation, insider trading, equity, AAPL, Apple