Form 4: Mobileye Global Director Elaine L. Chao Acquires Restricted Stock Units

Director Elaine L. Chao acquired 12,619 restricted stock units of Mobileye Global Inc. on December 5, 2024, which will vest on the first anniversary of the grant date.

Summary

• Elaine L. Chao, a director at Mobileye Global Inc., was granted 12,619 restricted stock units (RSUs) on December 5, 2024.
• These RSUs represent the right to receive one share of Class A common stock for each unit after vesting.
• The RSUs will vest 100% on the first anniversary of the grant date, which is December 5, 2025.
• If the vesting date falls on a non-business day, the vesting will occur on the next business day.
• Following this transaction, Ms. Chao directly owns 19,796 shares of Class A common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of equity compensation for a director, which is generally viewed positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of RSUs to a director aligns their interests with the company's long-term performance.
• The vesting schedule encourages the director's continued service and contribution to the company.

Industry Context

This is a standard practice for compensating directors in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly listed companies, including technology firms like Mobileye.
• The vesting period of one year is also typical, ensuring that directors have a long-term stake in the company's success.
• Companies such as NVIDIA, Intel, and Qualcomm also use similar equity compensation methods for their board members.

Stakeholder Impact

• The grant of RSUs to a director is generally positive for shareholders as it aligns the director's interests with the company's long-term performance.
• The vesting schedule encourages the director's continued service and contribution to the company.

Key Dates

Keywords

restricted stock units, RSU, insider trading, beneficial ownership, director, equity compensation, Mobileye Global Inc., MBLY