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

Uber Technologies Director Ursula M. Burns reports the acquisition of 305 restricted stock units (RSUs) on July 10, 2024, which are fully vested and payable upon termination of service.

Summary

• On July 10, 2024, Ursula M. Burns, a director of Uber Technologies, Inc., acquired 305 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 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: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard equity grant to a director, indicating alignment of interests. There are no red flags or negative implications.

Positives

• The acquisition of RSUs by a director signals continued alignment with the company's long-term success.

Future Outlook

The RSUs will be settled upon the director's termination of service, with the form of settlement (cash or stock) at the issuer's discretion.

Industry Context

Director equity grants are a common practice in publicly traded companies to align the interests of directors with those of shareholders. This grant is part of Uber's program for directors.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the tech industry.
• Companies like Lyft, DoorDash, and Airbnb also utilize RSU grants as part of their director compensation packages.
• The size of the grant (305 RSUs) would need to be compared to similar grants at peer companies to determine if it is above or below industry averages.

Stakeholder Impact

• The grant of RSUs to a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates