Form 4: LiveWire Group President Ryan Morrissey Receives Restricted Stock Units

Ryan Morrissey, President of LiveWire Group, was granted 106,622 restricted stock units, each representing a contingent right to receive one share of the company's common stock.

Summary

• On February 21, 2024, Ryan Morrissey, President of LiveWire Group, received a grant of 106,622 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of LiveWire Group's common stock.
• The restricted stock units vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date.
• Following the transaction, Morrissey beneficially owns 369,920 shares of LiveWire Group common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the company's future.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The vesting schedule of the restricted stock units extends over three years, suggesting a long-term commitment from the executive.

Industry Context

Stock grants are a common form of executive compensation in publicly traded companies, used to align management's interests with shareholder value.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with long-term company performance.

Key Dates