Form 4: Uber Director David Trujillo Reports Acquisition of Restricted Stock Units

Director David Trujillo reports the acquisition of 268 restricted stock units (RSUs) in Uber Technologies, Inc. on April 10, 2025, which are immediately vested and payable upon termination of service.

Summary

• David Trujillo, a director of Uber Technologies, Inc., reported acquiring 268 restricted stock units (RSUs) on April 10, 2025.
• The 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 will be settled in cash or common stock at the issuer's election upon the director's termination of service.
• The RSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs become payable upon the director's termination of service, with the form of payment (cash or common stock) at the issuer's discretion.

Industry Context

Director compensation in the form of RSUs is a common practice in the tech industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Companies like Alphabet (GOOGL) and Meta (META) also use RSU grants as part of their director compensation packages.
• The vesting schedules and terms of these grants can vary, but immediate vesting is less common than graded vesting over several years.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

Uber Technologies Inc, David Trujillo, Restricted Stock Units, RSUs, Director, Beneficial Ownership, Form 4