Meta (META) Chief Legal Officer Curtis Mahoney Exercises RSUs; Shares Withheld

What Happened Curtis J. Mahoney, Meta's Chief Legal Officer, had 4,757 restricted stock units (RSUs) convert to 4,757 shares on August 15, 2026 (reported on Form 4). The issuer withheld 2,359 of those shares to satisfy income tax withholding at $589.85 per share, a withholding value of $1,391,456. The RSU conversion is reported as an exercise/conversion of a derivative (code M) and the withholding is reported under code F.

Key Details

• Transaction date: August 15, 2026; Form filed August 18, 2026 (no late-filing flag indicated in the provided data).
• RSUs converted/settled: 4,757 shares acquired at $0.00 (vested RSUs).
• Shares withheld for taxes: 2,359 shares disposed at $589.85/share = $1,391,456 (withheld by issuer, not an open-market sale).
• Net shares delivered to insider: 4,757 − 2,359 = 2,398 shares (based on the reported lines).
• Exercise/derivative reporting: another line shows 4,757 derivative units disposed (reflecting conversion of RSUs).
• Footnotes: F1 notes withheld shares were used to satisfy tax withholding (not a sale); F2 confirms each RSU converts to one Class A share; F3 describes the RSU vesting schedule through Feb 15, 2030.
• Shares owned after transaction: not specified in the provided excerpt.

Context This was a routine net settlement of vested RSUs—Mahoney received shares on vesting and the company withheld a portion to cover taxes. Because the withholding was done by the issuer (not a public sale), it is standard administrative action and not necessarily indicative of insider sentiment. RSUs vest over time per the filing’s vesting schedule, and code M denotes conversion of a derivative/RSU while code F denotes tax withholding.