Form 4: Apple Director Alex Gorsky Settles Restricted Stock Units

Apple director Alex Gorsky converted 1,852 restricted stock units into common stock on February 1, 2024.

Summary

• On February 1, 2024, Apple director Alex Gorsky settled 1,852 restricted stock units.
• These units were converted into 1,852 shares of Apple common stock.
• The restricted stock units were granted on March 10, 2023, and vested fully on February 1, 2024.
• Following the transaction, Gorsky directly owns 4,023 shares of Apple common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a normal part of operations.

Industry Context

This is a routine filing related to the vesting of equity compensation for a company director, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a standard form of equity compensation for directors and executives in publicly traded companies like Apple.
• Many technology companies use similar vesting schedules for their equity grants, often with vesting periods of one to four years.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for company insiders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

restricted stock units, stock settlement, insider trading, beneficial ownership, director, equity, AAPL, Apple