Form 4: QuantumScape Director Dennis Segers Receives Stock Grants

Director Dennis Segers receives grants of restricted stock units (RSUs) from QuantumScape Corporation.

Summary

• On October 17, 2024, QuantumScape Corp granted Dennis Segers, a director, 56,537 Class A Common Stock RSUs as an initial award under the Outside Director Compensation Policy.
• These RSUs vest quarterly over three years, contingent on continued service.
• Additionally, Segers received 20,612 Class A Common Stock RSUs as a pro-rated annual award.
• These RSUs vest 100% on the earlier of the one-year anniversary of the grant date or the day before the next annual meeting of stockholders, also subject to continued service.
• Following these transactions, Segers beneficially owns 77,149 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedules incentivize continued service and commitment to the company.

Future Outlook

The vesting of the RSUs is contingent upon continued service, suggesting an expectation of Segers' ongoing involvement with QuantumScape.

Industry Context

Stock grants are a common form of compensation for directors, aligning their interests with the long-term performance of the company. The specific terms of the grants, such as vesting schedules, are typical for director compensation packages.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as RSUs, are designed to align director interests with shareholder value.
• Vesting schedules are common to ensure continued service and commitment.
• Companies like Tesla, Ford, and General Motors also use similar compensation strategies for their board members.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they align director interests with long-term company performance.
• The grants incentivize the director to remain engaged and contribute to the company's success.

Key Dates