Form 4: Amprius CEO Thomas Stepien Awarded 150,000 RSUs

Amprius Technologies CEO Thomas Stepien received an award of 150,000 restricted stock units, vesting quarterly through February 2030.

Summary

• Thomas M Stepien, Chief Executive Officer and Director of Amprius Technologies, Inc. (AMPX), was awarded 150,000 restricted stock units (RSUs).
• Each RSU represents the right to receive one share of the company's common stock.
• The RSUs will vest in quarterly installments, with 1/16th vesting on May 20, 2026, and subsequent vesting on August 20, November 20, February 20, and May 20, until fully vested on February 20, 2030.
• Vesting is contingent upon Mr. Stepien's continued service to the company.
• Following this transaction, Mr. Stepien beneficially owns 760,000 shares, which includes 750,000 restricted stock units subject to applicable vesting schedules and conditions.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive signal for management retention and alignment with shareholder interests, as the CEO's compensation is tied to the company's long-term stock performance.

Positives

• The award of 150,000 restricted stock units to the CEO aligns management's interests with long-term shareholder value.
• The vesting schedule through February 2030 incentivizes long-term retention and performance of the CEO.

Risks

• Vesting of the restricted stock units is subject to the CEO's continued service, meaning the shares are not guaranteed if service terminates.
• The value of the RSUs is tied to the future stock price of Amprius Technologies, Inc., exposing the CEO to market risk.

Future Outlook

The multi-year vesting schedule for the restricted stock units indicates an expectation of continued service from the CEO and a long-term commitment to the company's performance through February 2030.

Industry Context

StockSavvy.ai notes that equity awards like restricted stock units are a common compensation tool in the technology sector, particularly for executive retention and aligning leadership incentives with long-term company growth, a practice widely adopted by peers in the advanced battery and EV component industries.

Comparison to Industry Standards

• Equity compensation for executives, particularly through restricted stock units with multi-year vesting schedules, is a standard practice across the technology and manufacturing sectors.
• Companies like QuantumScape (QS) and Solid Power (SLDP) in the advanced battery space frequently utilize similar long-term incentive plans to retain key talent and motivate performance.
• The vesting period through 2030 is consistent with long-term strategic planning horizons seen in capital-intensive industries.

Corporate Governance

Related Party Transactions

• Award of 150,000 restricted stock units to Thomas M Stepien, the Chief Executive Officer and a Director of Amprius Technologies, Inc.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of the CEO's interests with long-term stock performance.
• Employees: May signal stability in executive leadership and a long-term strategic vision.

Next Steps

• Continued service of Thomas M Stepien to ensure vesting of restricted stock units.
• Quarterly vesting of restricted stock units starting May 20, 2026, through February 20, 2030.

Key Dates

Recommendation

The award of restricted stock units to the CEO, with a multi-year vesting schedule, indicates a commitment to long-term value creation and management retention. While not a direct indicator of immediate financial performance, it aligns executive incentives with shareholder interests, supporting a 'hold' recommendation for existing investors.

Keywords

Amprius Technologies, AMPX, Thomas Stepien, CEO, Director, Restricted Stock Units, RSU, Insider Transaction, Equity Award, Stock Compensation, Vesting