MacGregor Catherine 4

What Happened Catherine MacGregor, a director of Microsoft Corp. (MSFT), was granted 4.357 restricted stock units (RSUs) on 2026-03-12. The Form 4 reports this as a derivative award (transaction code A) at a price of $0.00 (total cash value $0). The award is recorded as fully vested RSUs rather than immediately delivered common shares.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-13 (timely).
• Award: 4.357 restricted stock units (RSUs) at $0.00 per unit; reported as a derivative grant.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one share of Microsoft common stock.
  • F2: Dividend equivalent rights accrue with dividends and become exercisable proportionately with the RSUs.
  • F3: RSUs are fully vested, but actual delivery of shares to the reporting person will occur on the first anniversary after the reporting person’s separation from service on the Board.
• No indication this was a sale or purchase in the open market; it is a compensation award.

Context This transaction is an equity compensation award to a board member and does not involve an open-market purchase or sale. Because the RSUs are fully vested but delivery is deferred until after separation (per the filing), these are contingent rights rather than immediately tradable shares. Such awards are commonly part of director compensation and should be interpreted as compensation, not necessarily as a direct insider market signal.