Herrington Douglas J 4
Research Summary
AI-generated summary
Amazon (AMZN) Douglas Herrington Exercises/Converts Shares, Sells Shares
What Happened
- Douglas J. Herrington, CEO Worldwide Amazon Stores, had 11,959 derivative awards convert into common stock on Feb 15, 2026 (no cash paid; conversion one‑for‑one). He then sold 4,784 shares in open‑market transactions on Feb 17, 2026, generating total proceeds of approximately $948,990.
- Sales were executed at weighted average prices across four trade lots: 800 shares @ $196.75, 2,114 shares @ $198.12, 1,138 shares @ $198.85 and 732 shares @ $200.08.
Key Details
- Transaction dates: conversion/acquisition on 2026-02-15; sales on 2026-02-17; Form 4 filed 2026-02-18 (appears timely).
- Sale proceeds (by lot): $157,401; $418,834; $226,296; $146,459 — total ≈ $948,990.
- Shares sold total: 4,784. Shares acquired via conversion: 11,959 (vested award converting one‑for‑one to common stock).
- Footnotes: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted 11/10/2025. Per the filing, detailed per‑price share counts can be provided on request to the SEC/staff, issuer, or security holders.
- Vesting context: The converted shares are part of a continuing vesting schedule described in the filing (see Form 4 footnotes). No late filing flag shown.
Context
- This was a conversion/vesting event followed by partial open‑market sales. Converting vested awards into shares is not a market‑purchase signal; the subsequent sales were routine dispositions under a pre‑arranged 10b5‑1 plan.
- The filing does not provide the insider’s total holdings after these transactions in the supplied data — see the full Form 4 for ending beneficial ownership details.