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, 2025, Claire McDonough, the Chief Financial Officer of Rivian Automotive, Inc., had 5,995 restricted stock units (RSUs) vest.
- The company withheld 2,146 shares of Class A Common Stock to satisfy tax withholding obligations related to the RSU vesting.
- The closing price of Rivian's Class A Common Stock on March 5, 2025, was $11.26.
- Following these transactions, McDonough directly owns 338,925 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It reflects standard corporate governance practices.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor insider transactions to assess management's confidence in the company.
- Employees who hold RSUs are impacted by the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of RSU vesting and tax withholding. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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