TAN HOCK E 4
Research Summary
AI-generated summary
Meta Director Tan Hock E Receives 767 Shares via RSU Settlement
What Happened Tan Hock E, a director of Meta Platforms, reported the settlement/conversion of Restricted Stock Units (RSUs) on May 15, 2026. The filing shows acquisition of 167 shares and 600 shares (total 767 shares) at $0.00 (derivative code M), and matching dispositions of 167 and 600 shares (total 767) at $0.00 on the same date. Footnotes state these shares were acquired in connection with RSU settlement and that each RSU converts to one Class A share; the RSUs vested 100% on May 15, 2026.
Key Details
- Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (timely filing).
- Transactions reported as derivative conversion/exercise (code M); acquired 767 shares at $0.00 and disposed 767 shares at $0.00.
- Footnotes: RSUs convert 1-for-1 to Class A stock; quarterly vesting schedule ended and 100% vested on May 15, 2026.
- Shares owned after the reported transactions are not specified in the provided data.
- The filing does not state the reason for the immediate dispositions; filings with identical acquisition/disposition amounts at $0 often reflect settlement mechanics (e.g., tax withholding), but the form here does not expressly say so.
Context This was a settlement of previously granted RSUs that fully vested on May 15, 2026. The reported pattern—conversion of RSUs to shares followed by same-day disposals at $0—is a common administrative outcome of RSU settlement (e.g., to satisfy tax or withholding obligations) rather than an open-market sale or purchase indicating a trading view. The report appears procedural rather than a market-timed buy or sell.