Form 4: Joby Aviation Executive Awarded Restricted Stock Units

Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, was granted 9,754 restricted stock units (RSUs) on February 4, 2025, which will vest based on goal achievement and continued service.

Summary

• On February 4, 2025, Kate DeHoff, General Counsel and Corporate Secretary of Joby Aviation, received an award of 9,754 restricted stock units (RSUs).
• The RSUs will vest in equal installments on January 12, 2026, February 9, 2026, and March 9, 2026.
• Vesting is contingent upon the achievement of specified goals and DeHoff's continued service through each applicable vesting date.
• The vesting percentage can range from 0% to 125% based on goal attainment.
• Each RSU represents the right to receive one share of Joby Aviation common stock upon vesting.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a positive outlook for the company's management and future performance. The vesting conditions tied to goal achievement further contribute to a moderately positive sentiment.

Positives

• The award of RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and retention.
• The vesting schedule is tied to the achievement of specific goals, which could drive positive outcomes for the company.

Risks

• The vesting of the RSUs is contingent on the achievement of specified goals, which may not be met.
• The value of the RSUs is subject to the market price of Joby Aviation's common stock, which can fluctuate.

Future Outlook

The vesting of the RSUs is dependent on the achievement of specified goals and the Reporting Person's continued service, suggesting a focus on future performance and retention.

Industry Context

The granting of RSUs is a common practice in the aviation and technology industries to incentivize and retain key executives.

Stakeholder Impact

• Shareholders may view the RSU award as a positive sign, aligning executive interests with company performance.
• Employees may see the award as a sign of confidence in the company's future.

Key Dates

Keywords

Joby Aviation, RSU, Restricted Stock Units, Kate DeHoff, Vesting, Executive Compensation, Form 4