Lucid Group (LCID) CFO awarded 501,622 RSUs vesting over four years
Rhea-AI Filing Summary
DE BOCK ALEXANDER reported acquisition or exercise transactions in this Form 4 filing.
Lucid Group, Inc. reported that Chief Financial Officer Alexander De Bock received an award of 501,622 restricted stock units representing Class A Common Stock on August 5, 2026. These RSUs vest over four years: 1/4 on September 5, 2027 and the rest in twelve equal quarterly installments, subject to his continued employment. Following this award, he directly holds 501,622 shares.
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Insider Trade Summary
Net Buyer: 501,622 shares
Net Buy
1 txn
Insider
DE BOCK ALEXANDER
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 501,622 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 501,622 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units that will vest over four years, with 1/4th vesting on September 5, 2027 and 1/16th vesting quarterly thereafter in twelve installments, on each March 5, June 5, September 5, and December 5 of each calendar year that occurs following September 5, 2027, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.
Key Figures
RSUs granted: 501,622 units
Grant price: $0.0000 per share
Holdings after award: 501,622 shares
+2 more
5 metrics
RSUs granted
501,622 units
Restricted stock units granted to the CFO on 2026-08-05
Grant price
$0.0000 per share
Reported per-share price for the Class A Common Stock underlying the RSUs
Holdings after award
501,622 shares
Total Class A Common Stock directly owned by the CFO after the transaction
Initial vesting tranche
1/4 of units
Vests on September 5, 2027, subject to continued employment
Subsequent vesting installments
12 quarterly installments
Each equal to 1/16 of the RSUs on March 5, June 5, September 5, and December 5
Key Terms
restricted stock units, vesting, continued employment
3 terms
restricted stock units financial
"Represents restricted stock units that will vest over four years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"will vest over four years, with 1/4th vesting on September 5, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued employment financial
"subject to the reporting person's continued employment with the Issuer"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Lucid Group (LCID) grant its CFO?
Lucid granted CFO Alexander De Bock 501,622 restricted stock units representing Class A Common Stock on August 5, 2026. This award reflects a significant stock-based incentive tied to a multi‑year vesting schedule and his continued employment with the company.
How do the 501,622 RSUs for Lucid (LCID) CFO vest over time?
The 501,622 RSUs vest over four years. One quarter vests on September 5, 2027, and the remaining three quarters vest in twelve equal quarterly installments thereafter, contingent on Alexander De Bock’s continued employment with Lucid or its subsidiary.
Is Lucid (LCID) CFO’s 501,622-unit award an immediate cash transaction?
No. The grant involves restricted stock units with a reported per-share price of $0.0000, indicating no cash purchase. Value is realized only as units vest and convert into shares, assuming continued employment through each vesting date.
What employment condition is attached to the Lucid (LCID) CFO RSU grant?
All 501,622 RSUs are subject to a continued employment condition. Each vesting date—initially September 5, 2027, followed by twelve quarterly dates—requires that Alexander De Bock remain employed by Lucid Group, Inc. or its subsidiary through that date.