Jennifer D. Saavedra - 15 Mar 2022 Form 4 Insider Report for Dell Technologies Inc. (DELL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Mar 2022, 19:01:38 UTC
Prior SEC filing
24 Aug 2021
Next SEC filing
23 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ James Williamson, Attorney-in-Fact
Filing notes and source

Key filing fact

Jennifer D. Saavedra filed Form 4 for Dell Technologies Inc. (DELL) on 17 Mar 2022.

Key facts

  • This page summarizes Jennifer D. Saavedra's Form 4 filing for Dell Technologies Inc. (DELL).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 17 Mar 2022, 19:01.

Change

  • Previous filing in this sequence was filed on 24 Aug 2021.
  • Current net transaction value: -$646,986.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DELL transaction

Class C Common Stock

Award

Transaction value
$0
Shares
+20,162
Change %
+11%
Price
$0.000000
Shares after
204,888
Date
15 Mar 2022
Ownership
Direct
Footnotes
F1, F2
DELL transaction

Class C Common Stock

Tax liability

Transaction value
$646,986
Shares
-12,751
Change %
-6.2%
Price
$50.74
Shares after
192,137
Date
15 Mar 2022
Ownership
Direct
Footnotes
F3
DELL transaction

Class C Common Stock

Award

Transaction value
$0
Shares
+7,228
Change %
+3.8%
Price
$0.000000
Shares after
199,365
Date
15 Mar 2022
Ownership
Direct
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents a grant of 20,162 restricted stock units ("RSUs"). The RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date contingent on the reporting person's continued service on each applicable vesting date.

Footnote F2

On November 1, 2021, the Issuer completed a special distribution of all of the shares of common stock of its former subsidiary, VMware, Inc., that it beneficially owned to its stockholders on a pro rata basis (the "Transaction"). In connection with the Transaction, the Issuer implemented an equitable adjustment to outstanding equity awards held by participants in the Issuer's 2013 Stock Incentive Plan in accordance with the terms of the plan. As a result, the 82,823 RSUs previously reported as beneficially owned by the reporting person were adjusted and the reporting person now beneficially owns 183,164 RSUs following the grant referred to in footnote 1.

Footnote F3

Represents shares withheld by the Issuer for payment of the tax liability incurred upon the partial vesting of RSUs granted on March 15, 2019, March 15, 2020 and March 15, 2021.

Footnote F4

Represents 10,598 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2019, net of 3,370 shares withheld by the Issuer for payment of the tax liability incurred on vesting of such shares. Vesting of the performance-based RSUs occurred simultaneously with their certification.

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