Joby Aviation (JOBY) awards 22,529 performance RSUs to CPO Eric Allison
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allison Eric reported acquisition or exercise transactions in this Form 4 filing.
Joby Aviation, Inc. reported that Chief Product Officer Eric Allison received a grant of 22,529 restricted stock units (RSUs). These RSUs are performance-based and will vest between 0% and 200% 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 Joby Aviation common stock upon vesting, so the ultimate number of shares delivered will depend on how the company performs against its specified objectives.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Allison Eric
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 22,529 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 22,529 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Joby Aviation (JOBY) disclose for Eric Allison?
Joby Aviation disclosed that Chief Product Officer Eric Allison received a grant of 22,529 restricted stock units. These RSUs are performance-based equity awards that may convert into Joby Aviation common shares if specified company performance objectives are met and he remains in service through vesting.
How many RSUs did Joby Aviation (JOBY) grant to its Chief Product Officer?
Joby Aviation granted 22,529 restricted stock units to its Chief Product Officer, Eric Allison. The award is structured as performance-based RSUs, meaning the actual number that vests can range from 0% to 200% of this amount depending on company performance and continued service.
When do Eric Allison’s Joby Aviation (JOBY) RSUs vest and on what conditions?
Eric Allison’s RSUs are scheduled to vest on March 22, 2027, but the vesting percentage can range from 0% to 200%. Vesting depends on Joby Aviation achieving specified company performance objectives and on Allison’s continued service with the company through the vesting date.
What does each Joby Aviation (JOBY) RSU granted to Eric Allison represent?
Each RSU granted to Eric Allison represents a contingent right to receive up to two shares of Joby Aviation common stock upon vesting. The final share delivery depends on both the company’s performance against its goals and satisfaction of the time-based service requirement.
Is the Joby Aviation (JOBY) Form 4 transaction a market purchase or sale?
The Form 4 transaction is not a market purchase or sale; it is a grant of restricted stock units as compensation. The RSUs were awarded at no cash cost per unit and may convert into common shares in the future if vesting conditions are met.