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R. Martin Chavez, 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 are scheduled to vest over a multi-year period. One forty-eighth of the award will vest monthly beginning on the 25th day following the grant for 19 months, and on the first of each month for the following 29 months. Vesting is subject to continued service on Alphabet’s board.
Following the transaction, Chavez directly holds the newly granted 2,016 units. He also retains unvested portions of prior awards, including 2,404 units from a 2022 grant, 1,430 units from a 2023 grant, and 1,472 units from an earlier equity cycle. In addition to the stock units, Chavez owns 8,453 shares of Alphabet Class C capital stock.
No sales were disclosed in the filing. The document was signed on July 11 by an attorney-in-fact acting on Chavez’s behalf.