Form 4: Rubrik Director Richard Herren Granted 2,702 Restricted Stock Units

Rubrik, Inc. Director Richard Scott Herren was granted 2,702 Class A Common Stock Restricted Stock Units (RSUs) on June 25, 2025, as part of his compensation.

Summary

• Richard Scott Herren, a Director of Rubrik, Inc. (RBRK), was granted 2,702 Restricted Stock Units (RSUs) of Class A Common Stock.
• The transaction occurred on June 25, 2025.
• The RSUs were granted at a price of $0, which is typical for such equity compensation.
• Following this grant, Mr. Herren beneficially owns a total of 3,239 Class A Common Stock shares.
• The RSUs will vest in four equal quarterly installments, with vesting dates on September 15, 2025, December 15, 2025, March 15, 2026, and June 15, 2026, contingent upon his continuous service to the company.

Sentiment

Score: 7

Explanation: The grant of equity to a director is a positive sign of alignment between management/board and shareholder interests, and a standard practice for retention and incentivization.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their interests with those of the shareholders, incentivizing long-term performance and value creation.
• Equity compensation is a standard method for retaining key personnel and directors.

Negatives

• No negative aspects are directly discernible from this standard equity grant filing.

Risks

• No specific risks are detailed in this Form 4 filing, which primarily reports an insider transaction.

Future Outlook

The future outlook involves the vesting of the granted Restricted Stock Units (RSUs) to Director Richard Scott Herren over the next year, contingent on his continued service to Rubrik, Inc.

Industry Context

The grant of Restricted Stock Units (RSUs) to directors is a common and widely accepted practice in the technology and broader corporate sectors for executive and director compensation, aiming to align their long-term interests with shareholder value.

Comparison to Industry Standards

• The grant of equity compensation, such as RSUs, to non-employee directors is a standard practice across publicly traded companies, particularly in the technology sector.
• While specific amounts vary based on company size, performance, and board responsibilities, the mechanism of granting RSUs at a $0 price (as they represent future stock ownership) is consistent with industry benchmarks for director remuneration.
• There are no specific comparable companies or projects mentioned in this filing to provide a detailed comparative analysis of the grant size.

Corporate Governance

Related Party Transactions

• The RSU grant to a director is considered a related party transaction, as it involves a transaction between the company and a member of its board. This is a standard and disclosed form of compensation.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic oversight.

Next Steps

• Vesting of 2,702 Restricted Stock Units (RSUs) in four equal quarterly installments on September 15, 2025, December 15, 2025, March 15, 2026, and June 15, 2026, subject to continuous service.

Key Dates

Keywords

Rubrik, RBRK, SEC Form 4, insider transaction, Restricted Stock Units, RSU, equity compensation, director compensation, Richard Scott Herren, corporate governance