Form 4: FuboTV COO Acquires 94,912 Restricted Stock Units Following Performance Milestone

Alberto Horihuela, COO of FuboTV, reports the acquisition of 94,912 restricted stock units (RSUs) that will vest in 2026, contingent on continued service, after the company met certain performance objectives.

Summary

• On March 3, 2025, Alberto Horihuela, the Chief Operating Officer of FuboTV Inc., filed a Form 4.
• The form reports a transaction that occurred on February 28, 2025, where Horihuela acquired 94,912 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of FuboTV Inc. common stock each.
• The RSUs vest based on FuboTV's satisfaction of certain performance objectives for the period of January 1, 2024, to December 31, 2024.
• The performance condition was met, and the shares are eligible to vest on February 20, 2026, subject to Horihuela's continued service to FuboTV through that date.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the vesting of RSUs suggests the company met its performance objectives, which is a good sign. However, it's a routine transaction and doesn't provide groundbreaking news.

Positives

• The vesting of RSUs indicates that FuboTV met certain performance objectives, suggesting positive performance during the specified period.
• Continued service requirement for vesting aligns management's interests with the company's long-term success.

Risks

• The vesting of the RSUs is contingent on Horihuela's continued service, creating a potential risk if he were to leave the company before February 20, 2026.

Future Outlook

The vesting of the RSUs on February 20, 2026, is contingent on the Reporting Person's continued service to the Issuer through such date.

Industry Context

This type of equity compensation is common in the industry to align management incentives with company performance and shareholder value.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to key executives like the COO is a standard practice in the technology and media industries.
• Companies like Netflix, Roku, and Spotify also use RSUs as part of their compensation packages to incentivize executives and align their interests with long-term shareholder value.
• The vesting schedules and performance metrics associated with these RSUs often vary depending on the company's specific goals and objectives.

Stakeholder Impact

• Shareholders may view the vesting of RSUs positively as it indicates the company met its performance objectives.
• Employees may be motivated by the company's achievement of performance goals.

Key Dates