Prabhakar Raghavan - Feb 7, 2024 Form 4 Insider Report for Alphabet Inc. (GOOG)

Role
Senior Vice President
Signature
/s/ Valentina Margulis, as Attorney-in-Fact for Prabhakar Raghavan
Stock symbol
GOOG
Transactions as of
Feb 7, 2024
Transactions value $
-$14,257,451
Form type
4
Date filed
2/9/2024, 08:39 PM
Previous filing
Jan 3, 2024
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOOG Class C Capital Stock Award $0 +194K +534.22% $0.00 231K Feb 7, 2024 Direct F1
transaction GOOG Class C Capital Stock Tax liability -$14.3M -98.1K -42.53% $145.41 133K Feb 7, 2024 Direct F2
holding GOOG Class C Capital Stock 243K Feb 7, 2024 By Prabhakar Raghavan, Srilatha Raghavan, UA 01-12-2000 Raghavan Living Trust
holding GOOG Class C Google Stock Units 52.6K Feb 7, 2024 Direct F3
holding GOOG Class C Google Stock Units 144K Feb 7, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 194,200 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 (GSU) entitle the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the GSU as GSU vests. 1/12th 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.
F4 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.