Form 4: Amazon Director Edith W. Cooper Receives Restricted Stock Units

Director Edith W. Cooper was granted 6,126 restricted stock units of Amazon.com Inc. that will vest over three years.

Summary

• Edith W. Cooper, a director at Amazon.com Inc., received a grant of 6,126 restricted stock units (RSUs).
• These RSUs will convert into common stock on a one-for-one basis.
• The vesting schedule is set for 2,042 shares on each of November 15, 2025, November 15, 2026, and November 15, 2027, contingent on her continued service as a director.
• The transaction was reported on September 11, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally positive for aligning director interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Risks

• The vesting of the RSUs is contingent on the director's continued service, which introduces a risk of forfeiture if she leaves the board before the vesting dates.

Future Outlook

The director will receive shares of common stock over the next three years, contingent on continued service.

Industry Context

Granting restricted stock units to directors is a common practice in publicly traded companies to align their interests with shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• The use of restricted stock units as compensation for directors is a standard practice across many publicly listed companies, including technology companies like Apple, Microsoft, and Google.
• The vesting schedule of three years is also a common timeframe for such grants, aligning with typical long-term incentive plans.
• The number of shares granted is specific to the individual and their role, and would need to be compared to other Amazon directors or similar roles at comparable companies to assess if it is in line with industry standards.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning director interests with the long-term performance of the company.
• The director is incentivized to continue her service on the board.

Next Steps

• The director will continue to serve on the board.
• The restricted stock units will vest according to the schedule.

Key Dates

Keywords

restricted stock units, RSU, director, Amazon, stock grant, equity compensation, vesting