Form 4: C3.ai President and CTO Edward Abbo Receives 100,000 Restricted Stock Units

Edward Abbo, President and CTO of C3.ai, was granted 100,000 restricted stock units (RSUs) on June 9, 2024, which vest over time based on continued service.

Summary

• On June 9, 2024, Edward Abbo, the President and CTO of C3.ai, received 100,000 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of C3.ai's Class A Common Stock upon settlement.
• The RSUs vest over time, with 20% vesting on June 15, 2025, and 5% vesting quarterly thereafter, contingent upon continued service.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The vesting schedule of the RSUs extends into the future, incentivizing the executive to remain with the company.

Industry Context

Stock-based compensation is a common practice in the technology industry to attract and retain top talent. The vesting schedule is designed to align executive compensation with long-term company performance.

Comparison to Industry Standards

• Granting RSUs to executives is a standard practice among publicly traded technology companies, such as Palantir, Snowflake, and Databricks, to incentivize performance and retain key personnel.
• The vesting schedule of 20% after one year followed by quarterly vesting is a typical arrangement, similar to compensation packages offered by companies like Salesforce and Microsoft.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, indicating the company's commitment to retaining key executives.
• Employees may see this as a positive sign of company stability and growth potential.

Key Dates