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Snap Inc | 4: Statement of changes in beneficial ownership of securities-Officer O'Sullivan Michael J.

SEC announcement ·  Feb 7 19:02
Summary by Moomoo AI
Snap Inc's General Counsel, Michael J. O'Sullivan, was granted 341,234 shares of Class A Common Stock on February 5, 2024. The transaction was completed at no cost to O'Sullivan, increasing his direct holdings in the company to 1,326,994 shares. Additionally, O'Sullivan holds an indirect interest in 461,005 shares through a trust. The grant is part of the company's compensation structure for its executives and is a standard practice in the industry to incentivize performance and align the interests of management with those of the shareholders.
Snap Inc's General Counsel, Michael J. O'Sullivan, was granted 341,234 shares of Class A Common Stock on February 5, 2024. The transaction was completed at no cost to O'Sullivan, increasing his direct holdings in the company to 1,326,994 shares. Additionally, O'Sullivan holds an indirect interest in 461,005 shares through a trust. The grant is part of the company's compensation structure for its executives and is a standard practice in the industry to incentivize performance and align the interests of management with those of the shareholders.
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