Form 4: Autodesk Director Blake Irving Reports Acquisition of Restricted Stock Units

Director Blake Irving reports the acquisition of restricted stock units in Autodesk, Inc. as part of director compensation.

Summary

• On July 16, 2024, Blake Irving, a director of Autodesk, Inc., reported the acquisition of 354 and 984 shares of common stock in the form of Restricted Stock Units (RSUs).
• These RSUs were granted under the 2022 Equity Incentive Plan and Director Compensation Policy in lieu of cash compensation.
• The RSUs vest on the date of the next annual meeting.
• Following these transactions, Irving beneficially owns 9,599 shares of Autodesk common stock, including 1,338 unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The filing indicates standard director compensation practices, aligning interests with shareholders. There are no explicit negative indicators.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The use of RSUs as compensation aligns the director's interests with those of the shareholders.

Future Outlook

The RSUs vest on the date of the next annual meeting, indicating a future event tied to the director's compensation.

Industry Context

Director compensation in the form of stock options and restricted stock units is a common practice in the tech industry to align management's interests with shareholder value. This filing reflects standard compensation practices.

Comparison to Industry Standards

• Companies like Adobe, Microsoft, and Oracle also use equity-based compensation for their directors.
• The amount of RSUs granted to Blake Irving appears consistent with typical director compensation packages in similarly sized technology companies.
• Director compensation packages are often benchmarked against peer companies to ensure competitiveness and alignment with performance.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence.
• The use of equity-based compensation aligns the director's interests with those of the shareholders.

Next Steps

• The acquired Restricted Stock Units will vest on the date of the next annual meeting.

Key Dates