Form 4: NVIDIA Director Robert K. Burgess Receives Stock Grant

NVIDIA director Robert K. Burgess received a grant of 2,088 shares of common stock as part of his annual compensation for board service.

Summary

• Robert K. Burgess, a director at NVIDIA, received 2,088 shares of common stock on June 27, 2024.
• This grant is part of his annual compensation for serving on the Board of Directors.
• The shares were awarded as restricted stock units, meaning they were received without any payment.
• The restricted stock units will vest in two tranches: 50% on November 20, 2024, and the remaining 50% on May 21, 2025.
• If Mr. Burgess'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 vesting schedule for the restricted stock units is set for November 20, 2024 and May 21, 2025.

Industry Context

Stock grants are a common form of compensation for board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across the technology industry, with companies like Apple, Microsoft, and Google also using similar compensation methods.
• The vesting schedule of 50% after approximately 5 months and the remaining 50% after approximately 11 months is a fairly typical vesting schedule for director stock grants.
• The size of the grant is likely commensurate with the director's role and the company's overall compensation strategy, which is typical for companies of NVIDIA's size and market capitalization.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, which is generally positive.
• The vesting schedule encourages continued service on the board, which benefits the company and its stakeholders.

Key Dates

Keywords

NVIDIA, stock grant, restricted stock units, director compensation, Robert K. Burgess, corporate governance, stock split, vesting