Form 4: Ursula M. Burns, Uber Director, Reports Acquisition of 285 Restricted Stock Units

Uber Technologies Director Ursula M. Burns reports the acquisition of 285 Restricted Stock Units (RSUs) on April 10, 2025, which are fully vested and convertible to common stock upon termination of service.

Summary

• On April 10, 2025, Ursula M. Burns, a director of Uber Technologies, Inc., acquired 285 Restricted Stock Units (RSUs).
• These 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.
• Each RSU converts into one share of common stock.
• The RSUs become payable in cash or common stock at the election of the Issuer on the date of the reporting person's termination of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of RSUs to a director), which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.
• The RSUs are fully vested, indicating immediate value to the recipient.

Future Outlook

The RSUs will be settled upon the director's termination of service, either in cash or common stock, at Uber's election.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to board members is a common practice among publicly traded companies, including peers like Lyft, DoorDash, and Airbnb.
• The number of RSUs granted and the vesting schedule can vary based on company size, board compensation policies, and individual director contributions.
• Companies like Apple and Microsoft also use RSUs as part of their director compensation packages.

Stakeholder Impact

• The grant of RSUs to a director can positively impact shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

Uber, Ursula M. Burns, Director, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, Equity Securities