Joby Aviation director receives 2,027 RSU share award
Joby Aviation director Michael N. Thompson Jr. reported an acquisition of 2,027 shares of common stock through a grant of Restricted Stock Units (RSUs).
Rhea-AI Filing Summary
Joby Aviation director Michael N. Thompson Jr. reported an acquisition of 2,027 shares of common stock through a grant of Restricted Stock Units (RSUs). These RSUs were fully vested on the grant date and carry no purchase price, and he elected to defer receipt of the shares under the company’s Non-Employee Director Compensation Program.
After the grant, Thompson directly holds 1,577,652 shares. The filing also notes additional indirect interests: 17,130,000 shares held by Reinvent Sponsor LLC, where he may be deemed a beneficial owner only to the extent of his pecuniary interest, and 550 shares each in custodial accounts for two children, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,027 shares
Grant/Award
4 txns
Insider
Thompson Michael N. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,027 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,577,652 shares (Direct);
Common Stock — 17,130,000 shares (Indirect, Reinvent Sponsor LLC);
Common Stock — 550 shares (Indirect, Child 1);
Common Stock — 550 shares (Indirect, Child 2)
Footnotes (5)
- F1. Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer.
- F2. The RSUs are fully vested on the grant date.
- F3. The Reporting Person elected to defer receipt of the shares in accordance with the Issuer's Non-Employee Director Compensation Program.
- F4. The securities are directly held by Reinvent Sponsor LLC ("Sponsor"). The Reporting Person may be deemed a beneficial owner of securities held by Sponsor by virtue of his shared control over and indirect pecuniary interest in Sponsor. The Reporting Person disclaims beneficial ownership of the securities held by Sponsor, except to the extent of his pecuniary interest therein.
- F5. Reflects shares in a custodial account for the child of the Reporting Person established pursuant to the Uniform Transfer to Minors Act, for which the Reporting Person serves as a custodian. The Reporting Person disclaims beneficial ownership of these shares.
Key Figures
RSU grant: 2,027 shares
Direct holdings after grant: 1,577,652 shares
Reinvent Sponsor LLC holdings: 17,130,000 shares
+2 more
5 metrics
RSU grant
2,027 shares
Fully vested RSUs granted at $0.00 per share
Direct holdings after grant
1,577,652 shares
Common stock directly held following RSU grant
Reinvent Sponsor LLC holdings
17,130,000 shares
Common stock held by Reinvent Sponsor LLC, with Thompson having indirect pecuniary interest
Child 1 custodial account
550 shares
Common stock in Uniform Transfer to Minors Act custodial account; beneficial ownership disclaimed
Child 2 custodial account
550 shares
Common stock in Uniform Transfer to Minors Act custodial account; beneficial ownership disclaimed
Key Terms
Restricted Stock Units ("RSUs"), Non-Employee Director Compensation Program, indirect pecuniary interest, Uniform Transfer to Minors Act
4 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Program financial
"elected to defer receipt of the shares in accordance with the Issuer's Non-Employee Director Compensation Program"
indirect pecuniary interest financial
"shared control over and indirect pecuniary interest in Sponsor"
Uniform Transfer to Minors Act financial
"account for the child of the Reporting Person established pursuant to the Uniform Transfer to Minors Act"
FAQ
What did Michael N. Thompson Jr. acquire in this Joby Aviation (JOBY) Form 4?
Michael N. Thompson Jr. received 2,027 Restricted Stock Units, each representing one Joby Aviation common share. The RSUs were granted at no cost, fully vested on the grant date, and are compensation rather than an open-market stock purchase.
Are the Joby Aviation RSUs granted to Thompson immediately vested?
Yes. The filing states the Restricted Stock Units are fully vested on the grant date. Thompson elected to defer receipt of the underlying shares under Joby Aviation’s Non-Employee Director Compensation Program, affecting timing of delivery but not vesting status.
AI-generated analysis. How Rhea-AI works. Not financial advice.
