Form 4: John Thain, Uber Director, Reports Acquisition of Restricted Stock Units
SEC Form 4
Director John Thain reports acquisition of 286 restricted stock units in Uber Technologies, Inc.
Summary
- On April 10, 2024, John Thain, a director of Uber Technologies, Inc., acquired 286 restricted stock units (RSUs).
- These RSUs were granted pursuant to the Uber Technologies, Inc. RSU Conversion and Deferral Program for Directors.
- The RSUs are 100% vested as of the grant date and are payable in cash or common stock on a one-for-one basis at Uber's election on April 16, 2024.
- The price of the derivative security is $0.00.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding stock unit grants, with no inherent positive or negative sentiment.
Future Outlook
The RSUs will be settled on April 16, 2024, either in cash or common stock, depending on Uber's election.
Industry Context
This filing is a routine disclosure of stock-based compensation to a company director, which is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of a small number of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of transaction: John Thain acquired 286 restricted stock units. |
| 04/12/2024 | Date of report filing. |
| 04/16/2024 | Date the RSUs become payable in cash or common stock at Uber's election. |
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