Form 4: UiPath Director Karenann Terrell Receives Stock Grant

Director Karenann Terrell received a grant of 17,021 Restricted Stock Units (RSUs) from UiPath, Inc. on June 20, 2024.

Summary

• On June 20, 2024, Karenann Terrell, a director of UiPath, Inc., was granted 17,021 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of UiPath's Class A Common Stock upon settlement.
• The RSUs vest on the earlier of the next annual meeting date or the first anniversary of the grant date, contingent upon continued service as a director.
• Following the transaction, Terrell directly owns 65,053 shares of UiPath Class A Common Stock.

Sentiment

Score: 7

Explanation: The document indicates a standard director compensation practice, suggesting stability and alignment of interests. It's a neutral-positive event.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service as a director.

Future Outlook

The director's holdings will increase as the RSUs vest, aligning her interests with the company's long-term performance.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and retain board members.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.
• The director is incentivized to contribute to the company's success.

Next Steps

• The director will continue to hold and potentially vest the RSUs.
• The company will continue to monitor and report changes in beneficial ownership as required by SEC regulations.

Key Dates