Mahoney Curtis J. 4
Research Summary
AI-generated summary
Meta (META) Chief Legal Officer Curtis J. Mahoney Receives Award
What Happened
- Curtis J. Mahoney, Meta's Chief Legal Officer, had 6,342 restricted stock units (RSUs) convert into Class A shares on May 15, 2026. Of those, 3,145 shares were withheld by the issuer to satisfy tax withholding obligations at $618.43 per share, a value of $1,944,962. The RSU conversion is reported as a derivative exercise/settlement (code M) and the withholding is reported under tax withholding (code F). The withheld shares were not an open-market sale.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely).
- Conversion/settlement: 6,342 RSUs -> 6,342 shares (exercise/conversion, $0 exercise price reported).
- Tax withholding: 3,145 shares withheld @ $618.43 = $1,944,962 (reported as share withholding, not a sale) — footnote indicates withholding does not represent a sale.
- Footnotes: F1 = shares withheld to satisfy income tax withholding; F2 = each RSU = right to 1 share upon settlement; F3 = vesting schedule (1/12th on May 15, 2026, then quarterly installments thereafter through Feb 15, 2030, subject to continued service).
- Shares owned after the transaction: not specified in the supplied filing details.
Context
- This was a standard RSU vesting and net settlement for tax purposes (issuer withheld shares), not an open-market sale or new purchase. For retail investors, vesting and withholding are routine compensation events and do not necessarily signal a change in insider sentiment.