Form 4: NVIDIA Director Stephen C. Neal Receives Stock Grant

NVIDIA director Stephen C. Neal received a grant of 2,088 shares of common stock as part of his annual compensation for board service.

Summary

• Stephen C. Neal, a director at NVIDIA, received 2,088 shares of common stock on June 27, 2024, as part of his annual board service compensation.
• These shares are in the form of restricted stock units, which were granted without any 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. Neal's service as a director terminates due to death.
• The reported share amounts have been adjusted to reflect a ten-for-one stock split that occurred on June 7, 2024.
• Mr. Neal also holds 12,520 shares indirectly through the Neal/Rhyu Revocable Trust and 19,000 shares indirectly through the 2013 Stephen C. Neal Revocable Trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is a normal part of corporate governance. There are no indications of any negative or unusual activity.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service on the board.

Industry Context

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

Comparison to Industry Standards

• Stock grants to directors are a common practice across the technology industry, with companies like AMD, Intel, and Qualcomm also using similar methods to compensate their board members.
• The vesting schedule of the restricted stock units is also typical, often spanning one to two years to encourage long-term commitment from directors.
• The size of the grant is consistent with the compensation packages offered to directors at comparable companies.

Stakeholder Impact

• The stock grant to a director is a standard practice and has a neutral impact on shareholders.
• The vesting schedule encourages the director's continued service, which is beneficial for the company.

Key Dates

Keywords

NVIDIA, Director, Stock Grant, Restricted Stock Units, Stephen C. Neal, Board of Directors, Share Ownership, Stock Split, Beneficial Ownership