Form 4: ChargePoint CFO Mansi Khetani Receives Stock Grants

ChargePoint's CFO, Mansi Khetani, was granted restricted stock units (RSUs) and performance restricted stock units (PRSUs) on May 1, 2025, according to a recent SEC filing.

Summary

• Mansi Khetani, CFO of ChargePoint Holdings, Inc., received multiple grants of restricted stock units (RSUs) and performance restricted stock units (PRSUs) on May 1, 2025.
• 750,000 RSUs vest over a 4-year period, starting June 20, 2025, with 1/16th vesting initially and the remainder in equal quarterly installments.
• 375,000 RSUs vest over a 2-year period, starting June 20, 2026, with 50% vesting initially and the remainder in equal quarterly installments.
• 375,000 PRSUs are subject to performance conditions determined by the Board of Directors and, if earned, will vest on January 31, 2027, with potential for accelerated vesting under certain circumstances.
• Following these transactions, Ms. Khetani beneficially owns 2,728,978 shares of ChargePoint common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of RSUs and PRSUs aligns the CFO's interests with the long-term performance of the company.
• Vesting schedules encourage continued service and achievement of performance goals.

Risks

• The value of the RSUs and PRSUs is dependent on the future stock price of ChargePoint.
• The PRSUs are contingent on the achievement of performance conditions, which may not be met.

Future Outlook

The vesting of the RSUs and PRSUs is contingent upon continued service and, in the case of PRSUs, the achievement of performance goals, suggesting an expectation of continued contributions from the CFO.

Industry Context

Stock grants are a common practice in the technology industry to attract, retain, and incentivize key executives. This grant is in line with industry standards for executive compensation.

Comparison to Industry Standards

• Stock grants to CFOs are a common practice across the technology sector.
• Companies like Tesla, Rivian, and Lucid also utilize stock options and RSUs as part of their executive compensation packages.
• The vesting schedules and performance-based components are also typical features designed to align executive incentives with shareholder value.

Stakeholder Impact

• Shareholders may view the stock grants positively as they align executive interests with company performance.
• Employees may see this as a sign of stability and investment in leadership.

Key Dates

Keywords

ChargePoint, CFO, Mansi Khetani, RSU, PRSU, Stock Grant, Beneficial Ownership, Vesting