Frances Arnold, a director at Alphabet Inc., received 2,016 Class C Google Stock Units on July 2 as part of an annual director grant, according to a Form 4 filed with the U.S. Securities and Exchange Commission.
The units were granted at no cost and convert into shares of Class C capital stock as they vest. The filing states that 1/48th of the award will vest monthly beginning on the 25th day after the grant date for 19 months, with the remaining units vesting on the 1st of each month over the following 29 months, subject to continued board service.
Following the transaction, Arnold directly owns 2,016 Class C stock units from the new award. In addition, she continues to hold previously granted units under earlier equity compensation schedules. These include 785, 1,430, and 1,472 stock units that are still unvested under grants awarded in 2022, 2023, and earlier periods.
Arnold also holds 17,389 shares of Alphabet Class C capital stock.
The filing was signed on July 11 by an attorney-in-fact acting on her behalf. No open market sales or other equity transactions were reported.
