CHIZEN BRUCE R 4
Research Summary
AI-generated summary
Oracle Director Bruce Chizen Receives RSU Award, Converts Derivatives
What Happened
- Bruce R. Chizen, a director of Oracle Corporation (ORCL), was granted 1,550 restricted stock units (RSUs) on May 31, 2026 and the filing also shows conversion/exercise of 2,114 derivative shares the same day, with those 2,114 shares recorded as both acquired and disposed. Prices for the derivative transactions are listed as N/A; the RSUs were reported at $0.00 (derivative award).
Key Details
- Transaction date: 2026-05-31.
- Award: 1,550 restricted stock units (reported as $0.00; derivative).
- Conversion/exercise: 2,114 derivative shares acquired and 2,114 derivative shares disposed (prices N/A in filing).
- Shares owned following the reported transactions: not disclosed in the filing.
- Footnotes: (F1) Each RSU represents the right to receive one share at settlement. (F2) RSUs vest 100% on the first anniversary of the grant date.
- No late-filing indication provided in the report.
Context
- The 1,550 RSUs are a grant (an award of derivative securities) and do not immediately represent issued common shares until settlement/vesting. The conversion/exercise line items indicate derivative securities were converted and the same number of shares were subsequently recorded as disposed; the filing does not provide prices or explain the nature of the disposition (e.g., sale, net-share settlement, or tax withholding). Awards and RSU grants are routine compensation for directors and, by themselves, are not a direct market endorsement.