Joby Aviation (NYSE: JOBY) CEO granted 26,877 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joby Aviation, Inc. CEO and Chief Architect JoeBen Bevirt received a grant of 26,877 restricted stock units (RSUs) linked to Joby common stock. The award is performance-based, with between 0% and 200% of the RSUs scheduled to vest on March 22, 2027, depending on company performance and his continued service.
Each RSU represents a contingent right to receive up to two shares of common stock at vesting. The grant was awarded at no cash cost per unit and is a compensation-related acquisition rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bevirt JoeBen
Role
CEO and Chief Architect
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 26,877 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 26,877 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Joby Aviation (JOBY) report for JoeBen Bevirt?
Joby Aviation reported a grant of 26,877 restricted stock units to CEO and Chief Architect JoeBen Bevirt. The RSUs are a compensation award, not an open-market share purchase, and are tied to future performance and service conditions.
When do JoeBen Bevirt’s new Joby Aviation RSUs vest?
The RSU award is scheduled to vest on March 22, 2027, with between 0% and 200% of units eligible to vest. Actual vesting depends on Joby Aviation’s performance against specified objectives and Bevirt’s continued service through the vesting date.
How many Joby Aviation RSUs were granted to the CEO in this Form 4?
The filing shows a grant of 26,877 restricted stock units to Joby Aviation’s CEO. Each RSU represents a contingent right to receive up to two shares of common stock if vesting conditions based on company performance and continued service are met.
Is the Joby Aviation RSU grant to JoeBen Bevirt an open-market stock purchase?
No, the RSU grant is a compensation award with a zero dollar transaction price per unit, not an open-market stock purchase. The units may convert into common shares only if performance goals are achieved and service-based vesting requirements are satisfied.
What performance features apply to JoeBen Bevirt’s Joby Aviation RSUs?
The RSUs have a performance-based structure where between 0% and 200% of the award can vest on March 22, 2027. Vesting depends on Joby Aviation meeting company performance objectives and Bevirt remaining in service through the vesting date.