Form 4: Nvidia Director Ellen Ochoa Receives Stock Grants

Nvidia director Ellen Ochoa received two grants of restricted stock units on December 9, 2024, as part of her compensation for board service.

Summary

• Ellen Ochoa, a director at Nvidia, received two grants of restricted stock units on December 9, 2024.
• The first grant was for 1,848 shares, awarded in connection with her appointment to the Board of Directors.
• These shares will vest in six installments, starting on June 18, 2025, and fully vesting approximately three years from the grant date.
• The second grant was for 1,321 shares, a pro-rated annual grant for her service on the Board of Directors.
• These shares will vest in full on May 21, 2025.
• Both grants were received for no consideration and will fully vest immediately upon the director's death.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of stock grants for board members, which is generally viewed positively for aligning interests. There are no negative implications.

Positives

• The grants of restricted stock units align the director's interests with those of the shareholders.
• The vesting schedules encourage long-term commitment from the director.
• The immediate vesting upon death provides security for the director's estate.

Industry Context

Stock grants to directors are a common practice in the technology industry to attract and retain talent on the board.

Comparison to Industry Standards

• Stock grants are a standard form of compensation for board members across the technology sector, with vesting schedules designed to align director interests with long-term company performance.
• Companies like AMD, Intel, and Qualcomm also use similar equity-based compensation for their directors, often with vesting periods of 1 to 3 years.
• The vesting schedule of Nvidia's grants, with a mix of staggered and full vesting, is consistent with industry norms.

Stakeholder Impact

• The stock grants align the director's interests with those of the shareholders, potentially leading to better decision-making.
• The grants do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Nvidia, Director, Stock Grants, Restricted Stock Units, Board of Directors, Compensation, Vesting