Form 4: BigBear.ai CEO McAleenan Receives Stock Grant and Pays Taxes

CEO Kevin McAleenan of BigBear.ai Holdings, Inc. reports acquisition of restricted stock units and shares withheld for tax obligations.

Summary

• On April 1, 2025, Kevin McAleenan, CEO of BigBear.ai Holdings, Inc., acquired 349,650 shares of common stock through restricted stock units (RSUs).
• These RSUs vest over time, with 25% vesting on April 1, 2026, and the remaining 75% vesting in equal quarterly installments until March 31, 2029, contingent upon continued service.
• Additionally, 12,450 shares were withheld to cover tax obligations related to the vesting of RSUs at a price of $2.86 per share.
• Following these transactions, McAleenan directly owns 1,224,893 shares of BigBear.ai common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The vesting schedule promotes long-term commitment.

Positives

• The grant of RSUs to the CEO aligns his interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CEO.

Risks

• The value of the RSUs is dependent on the future stock price of BigBear.ai, which is subject to market fluctuations.
• If the CEO leaves the company before the RSUs fully vest, a portion of the award may be forfeited.

Future Outlook

The document does not contain specific forward-looking statements beyond the RSU vesting schedule.

Industry Context

Stock grants and RSU awards are common compensation practices for executives in publicly traded companies, aligning their interests with shareholder value and incentivizing long-term performance.

Comparison to Industry Standards

• Executive compensation packages, including stock options and RSUs, are standard practice among publicly traded companies to incentivize performance and align executive interests with shareholder value.
• Vesting schedules, like the one described in the document, are common and designed to retain key personnel over a multi-year period.
• Companies like Palantir, C3.ai, and Snowflake also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the CEO to drive long-term value.
• Employees may see the CEO's increased stake in the company as a sign of confidence in its future.

Key Dates

Keywords

BigBear.ai, Kevin McAleenan, CEO, RSU, restricted stock units, Form 4, beneficial ownership, stock grant, vesting