L. John Doerr, a director at Alphabet Inc., received 2,016 Class C Google Stock Units on July 2 as part of the company’s annual director equity award, according to a Form 4 filed with the U.S. Securities and Exchange Commission.
The stock units were granted at no cost and will convert to Class C capital stock as they vest. The vesting schedule provides that one forty-eighth of the grant will vest monthly starting on the 25th day after the grant date for 19 months, followed by monthly vesting on the first of each month over the following 29 months, subject to continued service on the board.
After the grant, Doerr directly owns 2,016 newly issued stock units. He also holds previous unvested stock unit awards consisting of 1,429, 785, and 1,472 units issued in earlier periods under prior compensation plans. In addition to these awards, he owns 69,700 shares of Class A common stock and 138,397 shares of Class C capital stock.
No sales or other transactions were reported. The filing was signed on July 11 by an attorney-in-fact on Doerr’s behalf.