Form 4: Uber CMO Jill Hazelbaker Granted 90,628 Restricted Stock Units

Uber Technologies, Inc. Chief Marketing Officer Jill Hazelbaker received a grant of 90,628 restricted stock units under the company's 2019 Equity Incentive Plan.

Summary

• Jill Hazelbaker, Uber's Chief Marketing Officer and SVP, Public Affairs, was granted 90,628 restricted stock units (RSUs) on March 2, 2026.
• The RSUs were granted pursuant to Uber's 2019 Equity Incentive Plan.
• The vesting schedule dictates that 1/48 of the total RSUs will vest on April 16, 2026, with an additional 1/48 vesting each month thereafter.
• Upon vesting, the RSUs are convertible into cash or common stock on a one-for-one basis, at the election of Uber Technologies, Inc.
• Following this transaction, Jill Hazelbaker beneficially owns 90,628 derivative securities (RSUs) and 90,628 shares of common stock underlying these RSUs.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting standard executive compensation practices that align management incentives with shareholder value, without indicating any significant operational or financial changes.

Positives

• The grant of restricted stock units aligns the interests of a key executive, Jill Hazelbaker, with those of the shareholders, incentivizing long-term performance.
• This is a standard component of executive compensation, indicating continued commitment to retaining and motivating senior leadership.

Future Outlook

The future outlook involves the vesting of the granted restricted stock units over time, starting April 16, 2026, with monthly vesting thereafter. Upon vesting, these units will convert into cash or common stock at the Issuer's discretion.

Industry Context

StockSavvy.ai notes that the grant of restricted stock units to key executives like a Chief Marketing Officer is a common practice across the technology and ride-sharing industries. This form of equity compensation is widely used by companies such as Lyft, DoorDash, and Airbnb to attract, retain, and incentivize senior management by aligning their financial interests with the long-term performance of the company's stock.

Comparison to Industry Standards

• The grant of RSUs as a component of executive compensation is a standard practice, comparable to compensation structures at major tech companies like Alphabet (GOOGL) and Meta Platforms (META), which frequently use equity awards to incentivize leadership.
• The vesting schedule, typically spread over several years, is also consistent with industry benchmarks designed to promote long-term retention and performance rather than short-term gains.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the interests of a key executive with shareholders, potentially fostering long-term value creation.
• Employees: Reflects the company's ongoing use of equity compensation to incentivize and retain key personnel.

Next Steps

• The restricted stock units will begin vesting on April 16, 2026, with subsequent monthly vesting periods.
• Upon vesting, the RSUs will be payable in cash or common stock at the election of Uber Technologies, Inc.

Key Dates

Keywords

Uber Technologies, UBER, Restricted Stock Units, RSU Grant, Insider Transaction, Executive Compensation, Form 4, Equity Incentive Plan, Jill Hazelbaker