Form 4: Rivian CFO Claire McDonough Reports Stock Transactions
SEC Form 4 Filing
Claire McDonough, CFO of Rivian Automotive, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 5, 2024, Claire McDonough, the Chief Financial Officer of Rivian Automotive, filed a Form 4 with the SEC.
- The report details transactions related to Class A Common Stock.
- On March 1, 2024, 14,510 restricted stock units (RSUs) vested.
- Also on March 1, 2024, 5,178 shares of Class A Common Stock were withheld by the company to cover tax obligations related to the RSU vesting at a price of $11.32.
- Following these transactions, McDonough directly owns 165,081 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the CFO's stock-based compensation and related tax obligations.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor impact on shareholders due to the increase in shares outstanding and potential dilution.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of RSU vesting and tax withholding. |
| 02/29/2024 | Closing price of $11.32 for RIVN Class A Common Stock. |
| 03/05/2024 | Date of Form 4 filing. |
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