Form 4: Rivian Director Karen Boone Awarded Restricted Stock Units

Rivian Automotive, Inc. Director Karen Boone has been granted 16,812 restricted stock units (RSUs) as part of her compensation, aligning her interests with shareholders.

Summary

• Karen Boone, a Director at Rivian Automotive, Inc. (RIVN), was awarded 16,812 Restricted Stock Units (RSUs) on June 18, 2025.
• The RSUs were granted at a price of $0, indicating an equity award rather than a purchase.
• These RSUs are scheduled to vest on the first anniversary of the grant date, which is June 18, 2026.
• Ms. Boone has elected to defer the issuance of the underlying Class A Common Stock shares until her termination of service as a director.
• Following this transaction, Karen Boone directly beneficially owns 98,349 shares of Class A Common Stock.
• Additionally, she indirectly beneficially owns 130,000 shares of Class A Common Stock through The Boone Family Trust dated August 6, 2015.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates standard director compensation and aligns interests, but it's a routine filing with no significant new financial performance data.

Positives

• The award of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• Equity compensation is a common and effective way to incentivize long-term commitment and performance from board members.

Future Outlook

The 16,812 Restricted Stock Units granted to Director Karen Boone are set to vest on the first anniversary of the grant date (June 18, 2026). The issuance of the underlying shares will be deferred until her termination of service as a director, indicating a long-term commitment.

Industry Context

The granting of Restricted Stock Units (RSUs) to directors is a common practice across publicly traded companies, particularly in the technology and automotive sectors, to attract and retain talent, and to align the interests of the board with long-term shareholder value. This transaction is consistent with standard corporate governance and compensation practices.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of director compensation is a widely adopted practice among U.S. public companies, including peers in the electric vehicle and technology sectors.
• Companies like Tesla, Lucid Group, and traditional automakers transitioning to EVs often utilize equity awards to incentivize their board members.
• The deferral of share issuance until termination of service is also a common feature in director compensation plans, promoting long-term commitment and tax efficiency for the recipient.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 130,000 shares of Class A Common Stock by Karen Boone through The Boone Family Trust dated August 6, 2015, which is considered a related party.

Stakeholder Impact

• Shareholders: The RSU award aligns the director's interests with shareholders, as the value of her compensation is tied to the company's stock performance.
• Director (Karen Boone): Receives equity compensation, incentivizing long-term commitment to the company's success.

Next Steps

• The 16,812 Restricted Stock Units are scheduled to vest on June 18, 2026 (first anniversary of grant date).
• Issuance of the underlying Class A Common Stock shares will occur upon Karen Boone's termination of service as a director of Rivian Automotive, Inc.

Key Dates

Keywords

Rivian Automotive, RIVN, SEC Form 4, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, Equity Award, Corporate Governance