Form 4: Uber Technologies Executive Tony West Reports Acquisition of Restricted Stock Units

Tony West, Chief Legal Officer and Corporate Secretary of Uber Technologies, reports the acquisition of 61,533 restricted stock units (RSUs) on March 3, 2025.

Summary

• On March 3, 2025, Tony West, Chief Legal Officer and Corporate Secretary of Uber Technologies, acquired 61,533 restricted stock units (RSUs).
• These RSUs were granted pursuant to Uber's 2019 Equity Incentive Plan.
• The vesting schedule is as follows: 1/48 of the total RSUs vest on April 16, 2025, and 1/48 of the total RSUs vest each month thereafter.
• Upon vesting, the RSUs become payable in cash or common stock on a one-for-one basis at the election of the issuer.
• Following the transaction, Tony West beneficially owns 61,533 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the executive's continued contribution to the company.

Positives

• The grant of RSUs aligns Tony West's interests with those of Uber's shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

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

Industry Context

The granting of RSUs is a common practice in the technology industry to incentivize and retain key executives.

Comparison to Industry Standards

• Granting RSUs is a standard compensation practice among publicly traded companies, particularly in the tech sector, to align executive incentives with shareholder value.
• Companies like Google (Alphabet), Meta (Facebook), and Amazon also utilize RSUs as part of their executive compensation packages.
• The vesting schedules and terms of these grants often vary based on company performance and individual contributions.

Stakeholder Impact

• The RSU grant aligns management's interests with shareholders, potentially driving long-term value creation.

Key Dates