List Teri 4

What Happened

• Teri List, a member of Microsoft Corporation's Board of Directors, was granted 53.667 restricted stock units (RSUs) on 2026-06-11. The filing records the transaction as an award (code A) with an acquisition price of $0.00; reported value is $0 on the Form 4 because these are derivative awards rather than a cash purchase or sale.
• These RSUs are fully vested per the filing, but actual delivery of shares will occur 30 days after Ms. List's separation from service to the Board. Dividend equivalent rights accrue and become exercisable proportionately with the RSUs.

Key Details

• Transaction date: 2026-06-11; Filing date: 2026-06-12 (timely filing).
• Transaction type/code: Award/Grant (A); derivative securities (RSUs).
• Shares awarded: 53.667 RSUs; reported acquisition price: $0.00.
• Post-transaction ownership: not specified in the filing.
• Footnotes: (1) Each RSU equals a contingent right to one share. (2) Dividend equivalents accrue and vest with the RSUs. (3) Although fully vested, delivery is deferred until 30 days after the reporting person's separation from the Board.
• No indication of a 10b5-1 plan, sale, or tax-withholding disposition in this filing.

Context

• This is a compensation award, not an open-market purchase or sale. Awards like RSUs are common for directors and do not by themselves signal a buy/sell decision.
• Because delivery is deferred until after separation, the recipient currently holds a vested contingent right to shares rather than immediately tradable stock.