Form 4: Rivian's Chief Accounting Officer, Jeff Baker, Reports Stock Transaction
SEC Form 4 Filing
Jeff Baker, Rivian's Chief Accounting Officer, reports the withholding of 4,020 shares for tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Jeff Baker, the Chief Accounting Officer of Rivian Automotive, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 4,020 shares to cover tax obligations related to the vesting of 11,263 Restricted Stock Units.
- The price per share for the transaction was $11.19, based on the closing price of Rivian's Class A Common Stock on May 14, 2024.
- Following the transaction, Baker directly owns 48,395 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Closing price of Rivian's Class A Common Stock was $11.19. |
| 05/15/2024 | Date of transaction and vesting of Restricted Stock Units. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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