Form 4: RumbleOn Director Michael Quartieri Receives Stock Grant

Michael Quartieri, a director of RumbleOn, Inc., received a grant of 3,375 restricted stock units (RSUs) on May 10, 2024.

Summary

• On May 10, 2024, Michael Quartieri, a director of RumbleOn, Inc., was granted 3,375 restricted stock units (RSUs).
• The RSUs were calculated based on the share price at the close of trading on May 9, 2024.
• The grant is prorated to reflect the date Mr. Quartieri joined the board.
• Each RSU represents a contingent right to receive one share of RumbleOn's Class B Common Stock.
• The RSUs will vest on July 1, 2024, the remaining vesting date for annual director grants.
• The RSUs are subject to pro rata vesting if Mr. Quartieri leaves the board before the end of the vesting period.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of director compensation, which is neither particularly positive nor negative. It's a standard corporate governance practice.

Positives

• The grant of RSUs aligns Mr. Quartieri's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of compensation for directors of publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The size of the RSU grant is likely determined by RumbleOn's compensation policies and benchmarking against peer companies.
• Comparable companies in the automotive retail or e-commerce space may offer similar equity grants to their directors.

Stakeholder Impact

• The RSU grant has a minor dilutive effect on existing shareholders.
• The grant incentivizes the director to act in the best interests of the company and its shareholders.

Key Dates