Form 4: Rivian Executive Kjell Gruner Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Kjell Gruner, Chief Commercial Officer of Rivian Automotive, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Kjell Gruner, Chief Commercial Officer of Rivian Automotive, Inc., filed a Form 4 on March 5, 2024, reporting changes in beneficial ownership of the company's Class A Common Stock.
- On March 1, 2024, 4,306 restricted stock units (RSUs) vested.
- The company withheld 1,537 shares to satisfy tax obligations related to the RSU vesting at a price of $11.32 per share, the closing price on February 29, 2024.
- Following these transactions, Gruner directly owns 427,722 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC for company insiders, providing transparency into their stock transactions. This filing indicates standard compensation practices involving RSUs.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of RSU vesting and stock transactions. |
| 02/29/2024 | Date of closing price used for tax withholding ($11.32). |
| 03/05/2024 | Date of Form 4 filing. |
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