Form 4: QuantumScape Director Hanley Receives Stock Grant

Director Jeneanne Michelle Hanley received a grant of restricted stock units (RSUs) from QuantumScape on June 11, 2024, according to a Form 4 filing.

Summary

• On June 11, 2024, Jeneanne Michelle Hanley, a director of QuantumScape Corp, was granted restricted stock units (RSUs) as part of the company's Outside Director Compensation Policy.
• The grant consisted of 34,423 RSUs, each representing the right to receive one share of Class A Common Stock.
• These RSUs will vest on the earlier of June 11, 2025, or the day before the next annual meeting of stockholders, contingent upon Hanley's continued service.
• Following the transaction, Hanley beneficially owns 93,354 shares of Class A Common Stock, including 37,692 shares represented by RSUs.

Sentiment

Score: 7

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

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service by the director.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity grant is a common practice for compensating directors of publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as RSUs, are a standard component of director compensation in the technology industry.
• Vesting schedules are typically tied to continued service to ensure alignment with long-term company performance.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates