Form 4: Rivian CEO Robert Scaringe Reports Stock Transaction
SEC Form 4 Filing
Rivian CEO Robert Scaringe reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Rivian CEO Robert J Scaringe had 23,165 shares of Class A Common Stock withheld by the company to cover tax obligations.
- This was related to the vesting of 45,707 Restricted Stock Units.
- Following the transaction, Scaringe directly owns 886,526 shares of Class A Common Stock.
- Scaringe also indirectly owns 4,595 shares through an LLC and 2,632,766 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Closing price of Rivian's Class A Common Stock was $13.25 |
| 08/15/2024 | Date of transaction: 23,165 shares withheld for tax obligations related to vesting of 45,707 Restricted Stock Units |
| 08/19/2024 | Date of signature by Attorney-in-Fact |
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