Form 4: Rivian Director Peter Krawiec Reports Stock Award Vesting
SEC Form 4 Filing
Director Peter Krawiec reports the vesting and settlement of restricted stock units in Rivian Automotive, Inc.
Summary
- Peter Krawiec, a director of Rivian Automotive, Inc., filed a Form 4.
- The filing reports a transaction that occurred on October 21, 2024.
- Krawiec acquired 985 shares of Class A Common Stock due to the vesting of restricted stock units.
- These restricted stock units settled into shares upon vesting.
- Following the transaction, Krawiec directly owns 62,644 shares of Class A Common Stock.
- Krawiec also indirectly owns 34,531 shares through the Erin G. Krawiec 2019 Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock vesting, which is a neutral event. It 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, such as directors and officers. This allows the public to monitor their trading activity and assess their confidence in the company's prospects.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it increases the number of outstanding shares, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 10/21/2024 | Date of transaction: vesting of restricted stock units and acquisition of Class A Common Stock |
| 10/23/2024 | Date of signature on the Form 4 filing |
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