Form 4: Joby Aviation Executive Awarded Restricted Stock Units

Gregory Bowles, Head of Government & Regulatory Affairs at Joby Aviation, was granted 8,593 restricted stock units (RSUs) on February 4, 2025, which will vest based on performance goals.

Summary

• Gregory Bowles, Head of Government & Regulatory Affairs at Joby Aviation, received an award of 8,593 restricted stock units (RSUs) on February 4, 2025.
• The RSUs will vest in equal installments on January 12, 2026, February 9, 2026, and March 9, 2026, contingent upon the achievement of specified goals.
• The vesting percentage can range from 0% to 125% based on goal attainment and continued service through the vesting dates.
• Each RSU represents the right to receive one share of Joby Aviation's common stock upon vesting.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, suggesting a positive outlook for employee retention and performance alignment. The sentiment is neutral to slightly positive.

Positives

• The granting of RSUs to a key executive suggests the company is incentivizing performance and retention.
• The vesting schedule is tied to specific goals, aligning executive compensation with company objectives.

Risks

• The value of the RSUs is dependent on the future stock price of Joby Aviation.
• Failure to achieve the specified goals could result in a lower vesting percentage or forfeiture of the RSUs.

Future Outlook

The vesting of the RSUs is contingent upon the achievement of specified goals, suggesting the company has performance targets it aims to meet by the vesting dates.

Industry Context

Granting stock-based compensation is a common practice in the aviation and technology industries to attract and retain talent, aligning employee interests with shareholder value.

Comparison to Industry Standards

• Companies like Archer Aviation and Lilium also utilize stock-based compensation for their executives.
• The specific vesting terms and performance goals would need to be compared to industry benchmarks to assess the competitiveness of Joby Aviation's compensation package.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for executive performance.
• Employees may see the RSU grant as a sign of the company's commitment to its leadership team.

Next Steps

• Monitor Joby Aviation's performance against the goals tied to the RSU vesting schedule.
• Track the vesting of the RSUs on the specified dates.

Key Dates