Form 4: GoPro Director Alexander Lurie Receives Restricted Stock Units

Director Alexander Lurie received 80,992 Class A Common Stock restricted stock units from GoPro, Inc. on June 4, 2024.

Summary

• Alexander Lurie, a director of GoPro, Inc., received 80,992 shares of Class A Common Stock on June 4, 2024.
• These shares were awarded as restricted stock units.
• The restricted stock units will vest 25% on each of September 4, 2024, December 4, 2024, March 4, 2025, and upon the earlier of (i) the date of the Issuer's 2025 annual stockholder meeting or (ii) June 4, 2025, subject to continuous service.
• Following the transaction, Mr. Lurie directly owns 80,992 shares of Class A Common Stock and indirectly owns 260,140 shares through The Lurie-Voglesong Revocable Living Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The award of restricted stock units to a director aligns their interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice among publicly listed companies, including GoPro competitors like Garmin and Sony.
• The vesting schedule of these units is also typical, often tied to continued service and sometimes performance metrics, similar to practices observed at comparable tech firms.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's long-term success.
• Employees may see this as a sign of stability and commitment from the leadership team.

Key Dates