Form 4: Xometry CEO Randolph Altschuler Receives Stock Grant

Xometry CEO Randolph Altschuler was granted 82,068 shares of Class A Common Stock in the form of restricted stock units (RSUs).

Summary

• On March 14, 2024, Randolph Altschuler, CEO of Xometry, Inc., received a grant of 82,068 restricted stock units (RSUs).
• One quarter of the shares underlying the RSUs will vest on January 1, 2025, with the remainder vesting quarterly over the following three years, contingent upon continuous service.
• Each RSU represents the right to receive one share of Class A Common Stock of Xometry.
• Following the transaction, Altschuler directly owns 201,858 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management with shareholder interests.

Positives

• The RSU grant aligns the CEO's interests with those of the shareholders, incentivizing long-term performance.
• The vesting schedule encourages continued service and commitment from the CEO.

Future Outlook

The vesting schedule of the RSUs suggests a commitment to long-term value creation for Xometry.

Industry Context

Stock grants are a common form of executive compensation in the tech industry, used to attract and retain talent and align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in publicly traded technology companies.
• Companies like Autodesk, Ansys, and Stratasys also use stock options and RSUs to incentivize their executives.
• The vesting schedule of Xometry's RSUs is fairly standard, with quarterly vesting over a three to four year period being common practice.

Key Dates