Summary by Moomoo AI
Snap Inc's Chief Financial Officer, Derek Andersen, was granted 403,276 shares of Class A Common Stock on February 5, 2024. The transaction, which was completed on the same day, was part of a stock grant and did not involve any monetary transaction, as the shares were acquired at a price of $0.00. Following this grant, Andersen's total direct holdings in Snap Inc have increased to 2,631,642 shares. The grant is reflective of the company's ongoing incentive plans for its executives and is a standard practice in the industry to align the interests of the management with those of the shareholders.