Form 4: CXApp Inc. Director Di-Ann Eisnor Receives Stock Grant as Part of Compensation Package

Director Di-Ann Eisnor of CXApp Inc. was granted 94,787 Restricted Stock Units (RSUs) on August 29, 2024, as part of her annual compensation for serving as a director.

Summary

• On August 29, 2024, Di-Ann Eisnor, a director of CXApp Inc., received a grant of 94,787 Restricted Stock Units (RSUs).
• These RSUs are part of her annual compensation package for serving as a director.
• Each RSU represents a contingent right to receive one share of Class A common stock of CXApp Inc.
• The RSUs will vest fully on the first anniversary of the grant date, contingent upon Ms. Eisnor's continued service as a director through that date.
• Following the transaction, Ms. Eisnor directly owns 94,787 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive as it represents a typical corporate governance action.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service as a director.

Risks

• The value of the RSUs is dependent on the future performance of CXApp Inc.'s Class A common stock.
• If Ms. Eisnor ceases to be a director before the vesting date, she will forfeit the unvested RSUs.

Future Outlook

The RSUs will vest in full on the first anniversary of the grant date, contingent upon Ms. Eisnor's continued service as a director.

Industry Context

Granting stock-based compensation to directors is a common practice to align their interests with those of the shareholders and incentivize long-term value creation. This is a standard method of compensation for directors in publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a common practice among publicly traded companies.
• The size of the grant is likely determined by factors such as company size, director responsibilities, and overall compensation strategy.
• Comparing the grant to similar companies in the tech industry would provide a better benchmark.

Stakeholder Impact

• Shareholders benefit from the alignment of director interests with long-term value creation.
• The director is incentivized to contribute to the company's success.

Next Steps

• Ms. Eisnor must continue to serve as a director for the RSUs to vest.
• The company will likely report further changes in beneficial ownership as the RSUs vest.

Key Dates