Form 4: UiPath Director Philippe Botteri Receives Stock Grant

Philippe Botteri, a director at UiPath, received a grant of Class A Common Stock and Restricted Stock Units (RSUs) on June 20, 2024.

Summary

• On June 20, 2024, Philippe Botteri, a director of UiPath, received a grant of Class A Common Stock and 17,021 Restricted Stock Units (RSUs).
• 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, Botteri beneficially owns 3,143,587 shares of Class A Common Stock.
• The filing also details previous acquisitions of Class A common stock through distributions for no consideration in September and December 2023.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to positive as it aligns director interests with shareholders.

Positives

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

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align their interests with shareholders and incentivize performance.

Comparison to Industry Standards

• Director compensation packages, including stock grants and RSUs, are common across the tech industry.
• Companies like Salesforce, Adobe, and ServiceNow also utilize similar equity-based compensation for their board members.
• The vesting schedules and grant sizes are generally benchmarked against peer companies to ensure competitiveness and alignment with corporate goals.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates