Form 4: NVIDIA Director John Dabiri Acquires 2,088 Shares of Common Stock Through Annual Grant

NVIDIA director John Dabiri acquired 2,088 shares of common stock through an annual grant, with vesting scheduled for November 2024 and May 2025.

Summary

• John Dabiri, a director at NVIDIA, acquired 2,088 shares of common stock on June 27, 2024.
• The acquisition was part of an annual grant related to his service on the Board of Directors.
• The shares were received as restricted stock units for no consideration.
• The restricted stock units will vest in two tranches: 50% on November 20, 2024, and the remaining 50% on May 21, 2025.
• The grant will fully vest immediately if Mr. Dabiri's service as a director terminates due to death.
• The share amount has been adjusted to reflect a ten-for-one forward stock split that occurred on June 7, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock grants to directors are a common practice across the technology industry, including companies like AMD, Intel, and Qualcomm.
• The vesting schedule of 50% after approximately 5 months and the remaining 50% after approximately 11 months is a typical vesting schedule for director stock grants.
• The ten-for-one stock split is a common corporate action to make shares more accessible to a wider range of investors, similar to splits seen in other large tech companies.

Stakeholder Impact

• The stock grant to a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

NVIDIA, Director, Stock Grant, Restricted Stock Units, Share Acquisition, John Dabiri, Board of Directors, Vesting