Form 4: Uber Technologies Executive Jill Hazelbaker Reports Acquisition of Restricted Stock Units

Jill Hazelbaker, Chief Marketing Officer and SVP Public Affairs at Uber Technologies, reports the acquisition of 70,323 restricted stock units (RSUs) on March 3, 2025.

Summary

• On March 3, 2025, Jill Hazelbaker, Chief Marketing Officer and SVP Public Affairs at Uber Technologies, was granted 70,323 restricted stock units (RSUs) under Uber's 2019 Equity Incentive Plan.
• The RSUs vest in monthly installments, with 1/48 of the total RSUs vesting on April 16, 2025, and an additional 1/48 vesting each month thereafter.
• Upon vesting, the RSUs can be settled in cash or common stock on a one-for-one basis, at Uber's discretion.
• Following the transaction, Hazelbaker directly owns 70,323 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive as it suggests continued commitment from a key executive.

Positives

• The grant of RSUs aligns the executive's interests with the company's performance and shareholder value.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Equity compensation is a common practice in the technology industry to attract, retain, and incentivize key executives. The vesting schedule encourages long-term commitment to the company's success.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) is a standard compensation practice among publicly traded technology companies like Uber.
• Companies such as Lyft, DoorDash, and Airbnb also utilize RSUs as part of their executive compensation packages.
• The vesting schedules for RSUs typically range from three to five years, with monthly or quarterly vesting intervals, aligning with industry norms.

Stakeholder Impact

• The RSU grant aligns executive interests with shareholder value, potentially encouraging decisions that benefit shareholders.
• Employees may view the RSU grant as a positive sign of the company's commitment to its leadership.

Key Dates