Form 4: NVIDIA Director Melissa Lora Receives Stock Grant

NVIDIA director Melissa Lora received a grant of 2,088 shares of common stock as part of her annual compensation for board service.

Summary

• Melissa Lora, a director at NVIDIA, received 2,088 shares of common stock on June 27, 2024.
• These shares were granted as part of her annual compensation for serving on the Board of Directors.
• The shares are in the form of restricted stock units, which were received at no cost.
• The restricted stock units will vest in two tranches: 50% on November 20, 2024, and the remaining 50% on May 21, 2025.
• If Ms. Lora's service as a director ends due to death, the grant will immediately become fully vested.
• The share amount has been adjusted to reflect a ten-for-one stock split that occurred on June 7, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally positive for aligning director and shareholder interests. There are no negative implications.

Positives

• The grant of stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

The document does not contain any forward-looking statements about the company's future performance.

Industry Context

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

Comparison to Industry Standards

• Stock grants are a common form of compensation for directors at large technology companies like NVIDIA.
• Companies such as AMD, Intel, and Qualcomm also use stock grants as part of their director compensation packages.
• The vesting schedule of the restricted stock units is typical, with vesting occurring over a period of time to incentivize continued service.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board, which is beneficial for the company's governance.

Key Dates

Keywords

NVIDIA, stock grant, director compensation, restricted stock units, board of directors, stock split, insider trading