Form 4: Intuitive Machines Director Michael Blitzer Receives and Defers Restricted Stock Units

Director Michael Blitzer received 44,544 restricted stock units (RSUs) from Intuitive Machines on June 6, 2024, and elected to defer receipt until retirement from the Board of Directors.

Summary

• On June 6, 2024, Michael Blitzer, a director of Intuitive Machines, Inc., was granted 44,544 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date.
• Blitzer elected to defer receipt of these RSUs until his retirement from the Company's Board of Directors.
• Following the transaction, Blitzer beneficially owns 1,725,538 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The grant of RSUs to a director aligns their interests with the company's long-term performance.

Future Outlook

The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date, but receipt is deferred until Blitzer's retirement.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The grant of RSUs could have a slightly positive impact on shareholder sentiment as it aligns director interests with company performance.

Key Dates