Form 4: Lucid Group COO Marc Winterhoff Reports Stock Tax Withholding
Statement of Changes in Beneficial Ownership
Lucid Group Chief Operating Officer Marc Winterhoff reported the withholding of 15,263 shares to satisfy tax obligations related to equity vesting.
Summary
- Marc Winterhoff, Chief Operating Officer of Lucid Group, Inc., disposed of 15,263 shares of Class A Common Stock.
- The transaction occurred on June 5, 2026, at a price of $5.68 per share.
- The disposal was a mandatory tax withholding event related to the settlement of performance-based and time-based restricted stock units.
- Following this transaction, the reporting person retains beneficial ownership of 339,802 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transaction is purely administrative and related to tax compliance rather than a discretionary sale of stock.
Positives
- The transaction was a routine administrative action to satisfy tax obligations rather than a discretionary open-market sale.
- The reporting person maintains a significant equity stake of 339,802 shares in the company.
Negatives
- The transaction resulted in a reduction of the reporting person's direct share ownership.
Risks
- None identified; this is a standard regulatory filing for tax compliance.
Future Outlook
No forward-looking guidance or strategic outlook provided in this filing.
Industry Context
StockSavvy.ai notes that tax-related share withholdings are standard industry practice for executive compensation plans and do not typically signal a change in management sentiment regarding company performance.
Comparison to Industry Standards
- The filing follows standard SEC Section 16(a) reporting requirements for equity compensation.
- The use of 'sell-to-cover' or withholding shares for taxes is consistent with compensation practices at other major automotive and technology firms.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Marc Winterhoff granted power of attorney to Brian Tomkiel, Doug Stewart, and Bruce Wang for SEC filing purposes. | 2026-06-01 | Administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a non-discretionary tax withholding.
Next Steps
- No future actions or milestones mentioned.
Key Dates
| Date | Description |
|---|---|
| 2026-06-01 | Execution date of Power of Attorney for Marc Winterhoff. |
| 2026-06-05 | Date of the reported stock transaction. |
| 2026-06-09 | Date of filing with the SEC. |
Keywords
Lucid Group, LCID, Form 4, Insider Trading, Tax Withholding, Equity Compensation
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