Archer Aviation officer awarded 18,695 shares
Archer Aviation Inc. reported that Chief Legal & Strategy Officer Eric Lentell acquired 18,695 shares of Class A common stock at no cost through a performance-based equity award.
Rhea-AI Filing Summary
Archer Aviation Inc. reported that Chief Legal & Strategy Officer Eric Lentell acquired 18,695 shares of Class A common stock at no cost through a performance-based equity award. This increased his direct holdings to 158,178 shares.
The shares relate to the first of three tranches under a 2025 performance-based restricted stock unit award granted on February 17, 2025. On March 10, 2026, the compensation committee certified that this first tranche was earned at 53.73% of its target amount, causing those units to fully vest and become settleable in Class A common stock on the certification date.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 18,695 | $0.00 | $0.00 |
Footnotes (2)
- F1. The reported transaction represents the certification of achievement of the first of three tranches of a performance-based restricted stock unit award granted to the reporting person by the Issuer's compensation committee on February 17, 2025 (the "2025 PRSU Award"). Vesting of each tranche of the 2025 PRSU Award is based on relative total stockholder return and is subject to the reporting person's continued service through the certification date of achievement of the relevant tranche.
- F2. On March 10, 2026 (the "Certification Date"), the Issuer's compensation committee certified achievement of the first tranche of the 2025 PRSU Award, resulting in one-third of the 2025 PRSU Award becoming earned at 53.73% of the target amount granted. The performance restricted stock units comprising the first tranche of the 2025 PRSU Award so earned are fully vested and may be settled for shares of the Issuer's Class A common stock on the Certification Date.
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What insider transaction did Archer Aviation (ACHR) report for Eric Lentell?
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