Form 4: Rivian Director Jay Flatley Granted 16,812 Restricted Stock Units

Rivian Automotive, Inc. Director Jay T. Flatley was granted 16,812 restricted stock units (RSUs) on June 18, 2025, as part of his compensation.

Summary

• Jay T. Flatley, a Director at Rivian Automotive, Inc. (RIVN), was granted 16,812 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 18, 2025, with a reported acquisition price of $0 per share, which is typical for RSU awards.
• These 16,812 RSUs are scheduled to vest on the first anniversary of the grant date.
• Following this transaction, Mr. Flatley's total beneficial ownership of Rivian's Class A Common Stock stands at 160,820 shares.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director, which is a neutral to slightly positive event as it aligns director interests with shareholders. It does not contain significant positive or negative news impacting the company's operations or financial health.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Jay T. Flatley aligns his interests with long-term shareholder value, as the value of the RSUs is directly tied to the company's stock performance.
• This RSU grant is a standard component of director compensation, indicating continuity in corporate governance practices and incentivizing long-term commitment.

Negatives

• No specific negative points are identified in this routine RSU grant filing.

Risks

• The future value of the granted Restricted Stock Units (RSUs) is subject to the market price fluctuations of Rivian Automotive, Inc.'s Class A Common Stock, meaning the actual realized value could be higher or lower than the current stock price at the time of vesting.

Future Outlook

The document primarily reports a past equity grant and does not contain explicit forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the future vesting of the granted RSUs.

Industry Context

This RSU grant is a common practice in the automotive and technology sectors for compensating directors and aligning their interests with long-term company performance. It reflects standard corporate governance practices for publicly traded companies like Rivian, which operates in the electric vehicle manufacturing industry.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to directors is a widely adopted compensation method across the technology and automotive industries, including peers like Tesla, Lucid Group, and traditional automakers transitioning to EVs.
• The $0 acquisition price is standard for RSU grants, where the value is derived from the underlying stock price at vesting, similar to equity compensation structures at companies such as Google (Alphabet) or Amazon for their board members.
• The vesting schedule, typically over one year for director grants, is consistent with common practices aimed at retaining board members and incentivizing long-term commitment, aligning with governance benchmarks seen in S&P 500 companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with shareholders, as the value of the compensation is tied to the company's stock performance. It represents a non-cash compensation expense.
• Employees: No direct impact on employees mentioned.

Next Steps

• The 16,812 Restricted Stock Units (RSUs) are expected to vest on the first anniversary of the grant date (June 18, 2026).

Key Dates

Recommendation

Keywords

Rivian Automotive, RIVN, SEC Form 4, Restricted Stock Units, RSUs, Insider Trading, Director Compensation, Equity Grant, Stock Ownership