Gary Steele - 19 Dec 2023 Form 4 Insider Report for SPLUNK INC

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Dec 2023, 16:39:06 UTC
Prior SEC filing
12 Dec 2023
Next SEC filing
29 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Steve Dean, by power of attorney

Key filing fact

Gary Steele filed Form 4 for SPLUNK INC on 21 Dec 2023.

Key facts

  • This page summarizes Gary Steele's Form 4 filing for SPLUNK INC.
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 21 Dec 2023, 16:39.

Change

  • Previous filing in this sequence was filed on 12 Dec 2023.
  • Current net transaction value: -$15,468,570.

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.

SPLK transaction

Common Stock

Award

Transaction value
$0
Shares
+48,017
Change %
+32%
Price
$0.000000
Shares after
199,719
Date
19 Dec 2023
Ownership
Direct
Footnotes
F1
SPLK transaction

Common Stock

Award

Transaction value
$0
Shares
+34,416
Change %
+17%
Price
$0.000000
Shares after
234,135
Date
19 Dec 2023
Ownership
Direct
Footnotes
F2
SPLK transaction

Common Stock

Tax liability

Transaction value
$15,468,570
Shares
-101,787
Change %
-43%
Price
$151.97
Shares after
132,348
Date
19 Dec 2023
Ownership
Direct
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents performance-based restricted share units granted to the reporting person on April 11, 2022 and that were scheduled to vest or be forfeited based on the attainment of performance-based vesting conditions during the performance period ending on February 29, 2024. In connection with that certain Agreement and Plan of Merger (the "Merger Agreement"), by and among the Issuer, Cisco Systems, Inc., a Delaware corporation ("Parent"), and Spirit Merger Corp., a Delaware corporation and wholly owned subsidiary of Parent, the Talent & Compensation Committee of the Board of Directors of the Issuer (the "Committee") accelerated the vesting and settlement of such restricted share units. The reporting person has signed a 280G Mitigation Acknowledgment as described in the Issuer's Current Report on Form 8-K filed on December 21, 2023, and the accelerated restricted share units are subject to certain forfeiture conditions.

Footnote F2

Represents performance-based restricted share units granted to the reporting person on March 16, 2023 and that were scheduled to vest or be forfeited based on the attainment of performance-based vesting conditions during the performance period ending on February 28, 2025. In connection with that certain Agreement and Plan of Merger (the "Merger Agreement"), by and among the Issuer, Cisco Systems, Inc., a Delaware corporation ("Parent"), and Spirit Merger Corp., a Delaware corporation and wholly owned subsidiary of Parent, the Talent & Compensation Committee of the Board of Directors of the Issuer (the "Committee") accelerated the vesting and settlement of such restricted share units. The reporting person has signed a 280G Mitigation Acknowledgment as described in the Issuer's Current Report on Form 8-K filed on December 21, 2023, and the accelerated restricted share units are subject to certain forfeiture conditions.

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