Form 4: Autodesk Director Lorrie Norrington Reports Acquisition of Restricted Stock Units

Director Lorrie Norrington reports the acquisition of Autodesk restricted stock units (RSUs) as part of director compensation.

Summary

• On July 16, 2024, Lorrie Norrington, a director of Autodesk, Inc., reported the acquisition of 401 shares of common stock through Restricted Stock Units (RSUs) at a price of $0.
• Additionally, Norrington acquired 984 shares of common stock through RSUs, also at a price of $0.
• Following these transactions, Norrington beneficially owns 13,537 shares of Autodesk common stock.
• These RSUs are granted in lieu of cash compensation for services as a director and vest on the date of the next annual meeting.
• Norrington has deferred the distribution of some vested RSUs under the 2012 Outside Directors' Stock Plan and/or the 2022 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices, indicating stability and alignment of interests. It's a neutral but positive signal.

Positives

• The acquisition of RSUs reflects ongoing director compensation and alignment with company performance.
• The deferred distribution of vested RSUs indicates a long-term commitment to Autodesk's success.

Future Outlook

The document does not contain specific forward-looking statements regarding Autodesk's future performance.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company insiders.

Comparison to Industry Standards

• Director compensation packages, including RSUs, are common practice among publicly traded companies like Autodesk.
• Companies such as Adobe, Microsoft, and Salesforce also utilize equity-based compensation to align director and executive interests with shareholder value.
• The vesting schedules and terms of these RSUs are likely comparable to industry standards for director compensation.

Stakeholder Impact

• Shareholders: Provides transparency regarding director compensation and equity ownership.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates