Hennessy John L. 4
Research Summary
AI-generated summary
Alphabet (GOOGL) Director John L. Hennessy Sells 1,050 Shares
What Happened
- John L. Hennessy, a director of Alphabet Inc. (GOOGL), sold a total of 1,050 shares in open-market transactions on March 16, 2026 for aggregate proceeds of approximately $318,579 (weighted average price ≈ $303.41). Individual lots ranged (examples): 105 shares @ $302.48, 232 @ $303.55, 63 @ $304.78, 143 @ $302.74, 179 @ $303.72, 28 @ $304.36, 168 @ $302.97, and 132 @ $303.90.
- The filing also reports small award/acquisition entries totaling 4.3 shares (0.3, 1, 1, and 2 shares) recorded as awards/GSU/DEU-type acquisitions at $0.
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (filed timely).
- Sales: 1,050 shares; total proceeds ≈ $318,579; weighted avg ≈ $303.41/share. Price execution ranges reported across lots from about $302.04 up to $305.16 (per footnotes).
- Awards: 4.3 shares acquired as awards/units (recorded at $0); some DEUs represent dividend-equivalent units that vest on the same schedule as GSUs (see footnotes).
- All sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted November 5, 2024 (pre‑planned trades).
- Shares owned after the transactions are not summarized in the lines provided here—see the Form 4 footnotes for the detailed GSU/DEU holdings and vesting schedules.
Context
- These sales appear to be routine dispositions executed under a 10b5-1 plan (pre-arranged trading plan), which is common for insiders to avoid timing issues; such sales are not by themselves a clear signal of management view.
- The small award entries reflect grant/vesting or dividend-equivalent units (GSUs/DEUs) rather than open-market purchases; DEUs accrued from a declared dividend will vest per the GSU schedule.