Form 4: QuantumScape Executive Michael McCarthy III Reports Stock Grant

QuantumScape's Chief Legal Officer, Michael McCarthy III, reports the grant of restricted stock units (RSUs) and performance restricted stock units (PSUs).

Summary

• Michael McCarthy III, Chief Legal Officer of QuantumScape Corp, reported a transaction on April 8, 2025, involving the grant of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• The RSUs and PSUs represent the right to receive Class A Common Stock of the Issuer.
• The RSUs vest each quarter, and the PSUs vest upon achievement of certain performance milestones, contingent on continued service.
• Following the reported transaction, McCarthy beneficially owns 1,730,845 shares, including 1,433,086 shares represented by RSUs and PSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of RSUs and PSUs aligns the executive's interests with the company's performance and shareholder value.
• The vesting schedule, tied to both time and performance, incentivizes continued service and achievement of milestones.

Future Outlook

The vesting of RSUs and PSUs is contingent upon continued service and the achievement of performance milestones, suggesting an expectation of ongoing contributions from the executive.

Industry Context

Stock grants are a common form of executive compensation in the technology industry, used to attract, retain, and incentivize key personnel.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign, aligning executive interests with company performance.
• Employees may see the grant as a sign of confidence in the company's future.

Key Dates

Keywords

QuantumScape, McCarthy, RSU, PSU, Stock Grant, Beneficial Ownership, Form 4, Chief Legal Officer