Form 4: Symbotic Inc. Director Eric Branderiz Reports Acquisition of Restricted Stock Units
SEC Form 4
Director Eric Branderiz reports acquisition of restricted stock units in Symbotic Inc.
Summary
- On May 14, 2025, Eric Branderiz, a director of Symbotic Inc., acquired restricted stock units representing a contingent right to receive Class A common stock.
- He acquired 11,860 restricted stock units that vest in full upon the earliest of May 14, 2026, the Issuer's 2026 Annual Meeting of Stockholders, or a change of control, subject to continued service.
- Additionally, he acquired 17,902 restricted stock units that vest in three equal installments on May 14, 2026, May 14, 2027, and May 14, 2028, also subject to continued service.
- Following these transactions, Mr. Branderiz beneficially owns 11,860 and 17,902 restricted stock units directly.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing indicating stock-based compensation.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Future Outlook
The vesting of the restricted stock units is contingent upon continued service and could be accelerated by a change of control.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in publicly traded companies.
Stakeholder Impact
- The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of transaction: Acquisition of restricted stock units |
| 05/14/2026 | First possible vesting date for 11,860 restricted stock units |
| 05/14/2026 | First vesting date for 1/3 of the 17,902 restricted stock units |
| 05/14/2027 | Second vesting date for 1/3 of the 17,902 restricted stock units |
| 05/14/2028 | Final vesting date for 1/3 of the 17,902 restricted stock units |
| 05/15/2025 | Date of signature by Attorney-In-Fact |
Keywords
Symbotic Inc., restricted stock units, Form 4, director, Eric Branderiz, beneficial ownership, Class A common stock, vesting
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