Schindler Philipp 4

What Happened Philipp Schindler, SVP & Chief Business Officer of Alphabet (GOOGL), had GSUs vest on May 25, 2026. Those GSUs converted into 1,995 Class C shares (conversion price $0.00). To satisfy tax withholding on the vesting, 2,013 shares were withheld/disposed at $379.38 per share, valued at $763,692. This transaction represents vesting of an award and routine tax withholding, not an open-market purchase.

Key Details

• Transaction date: 2026-05-25; Form 4 filed 2026-05-27 (marked late, "L").
• Conversion (code C): 1,995 shares acquired at $0.00 (GSU conversion upon vesting).
• Tax withholding (code F): 2,013 shares disposed at $379.38 each, total value $763,692, to satisfy tax obligations.
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4.
• Relevant footnotes: F1–F5 describe GSU vesting schedules; F2 notes the grant was previously reported; F3 confirms shares were withheld to satisfy tax liabilities.
• Transaction codes: C = conversion of derivative security (GSU → shares); F = payment/tax withholding (often a sell-to-cover).

Context This was a vesting event (receipt of shares through GSUs) with routine tax withholding — not an insider purchasing or selling shares to express a market view. The withheld shares slightly exceed the newly converted shares (2,013 withheld vs. 1,995 converted); the filing does not explain whether the excess withholding was covered by other holdings. The Form 4 was filed late, which reduces timeliness of public disclosure but does not change the nature of the transactions.