Form 4: Uber Director Revathi Advaithi Acquires 3,782 Restricted Stock Units

Director Revathi Advaithi received 3,782 restricted stock units (RSUs) from Uber on May 6, 2024, which will vest prior to the 2025 annual meeting.

Summary

• On May 6, 2024, Revathi Advaithi, a director of Uber Technologies, Inc., was granted 3,782 restricted stock units (RSUs).
• These RSUs were granted under Uber's 2019 Equity Incentive Plan.
• The RSUs are scheduled to vest on the date immediately preceding the date of the 2025 annual meeting of the stockholders of the Issuer, subject to earlier vesting in certain circumstances.
• Upon vesting, the RSUs can be converted into common stock on a one-for-one basis or paid in cash at Uber's election upon the director's termination of service, according to the RSU Conversion and Deferral Program for Directors.

Sentiment

Score: 7

Explanation: The document indicates a standard compensation practice (RSU grant) for a director, which is generally viewed neutrally to positively as it aligns interests with shareholders. There are no red flags or negative implications apparent.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service by the director.

Future Outlook

The RSUs will vest prior to the 2025 annual meeting, subject to continued service.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the technology industry, aligning the interests of directors and executives with those of shareholders.

Comparison to Industry Standards

• Companies like Lyft, DoorDash, and other tech firms commonly use RSUs as part of their compensation packages for directors and executives.
• The vesting schedules and terms of these grants are generally comparable across the industry, with vesting often tied to continued service and company performance.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with those of the shareholders.
• Employees: The RSU grant is part of the overall compensation structure.

Key Dates