CHAVEZ R. MARTIN 4
Research Summary
AI-generated summary
Alphabet (GOOGL) Director Chavez R. Martin Receives Stock Award
What Happened
Chavez R. Martin, a director of Alphabet Inc. (GOOGL), received multiple awards of Class C Google Stock Units (GSUs) and dividend-equivalent units (DEUs) reported as grants on June 15, 2026. The filing shows a total of 3,710 GSUs and 22 DEUs (3,732 units) awarded at $0.00 (no cash exchanged). Each GSU and DEU converts to one share of Alphabet Class C capital stock as it vests.
Key Details
- Transaction type: Grant / award (code A) reported on Form 4.
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely).
- Amounts: 3,710 GSUs + 22 DEUs = 3,732 units in total; grants reported at $0.00 per unit.
- Vesting/conversion: GSUs convert 1-for-1 to Class C shares when they vest. DEUs represent dividend equivalents and vest on the same schedule as the underlying GSUs.
- Vesting schedules: Grants follow multi-year monthly vesting (examples: 1/48th vesting monthly, in some cases an initial 1/4th vest then monthly thereafter); specific schedules differ by grant (see footnotes F1–F9 in the filing).
- Shares owned after transaction: Not specified in the excerpt; consult the full Form 4 for total holdings.
- Filing timeliness: Filed within expected Form 4 timing (not marked late).
Context
These awards are equity compensation to a board member and do not represent an open-market purchase or sale. They grant the right to receive Alphabet Class C shares in the future as units vest; no immediate sale or economic gain is reflected until vesting/conversion (and any subsequent sale). For exact vesting dates and the breakdown of each grant, refer to the full Form 4 (Accession 0001193125-26-274732).