Lucid Group (LCID) director gains new RSU grants as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lambert Lisa Marie reported acquisition or exercise transactions in this Form 4 filing.
Lucid Group director Lisa Marie Lambert reported stock-based compensation rather than open-market buying. She received two awards of Class A Common Stock totaling 2,924 and 43,870 restricted stock units (RSUs) at no cash cost. One RSU grant vests on the earlier of one year after grant or the next annual stockholder meeting, subject to continued board service, and may be deferred to a later settlement date. A separate RSU grant vested in full on the grant date in connection with past service, bringing her direct holdings to about 71,919 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lambert Lisa Marie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 43,870 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,924 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 68,995 shares (Direct, null)
Footnotes (1)
- These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date. RSUs are settled in shares of Class A Common Stock on a one-for-one basis. These RSUs vest in full on the date of the grant in connection with past service.
Key Figures
RSU grant 1: 2,924 RSUs
RSU grant 2: 43,870 RSUs
Holding after award: 71,919 shares
+3 more
6 metrics
RSU grant 1
2,924 RSUs
Class A Common Stock award on grant date
RSU grant 2
43,870 RSUs
Class A Common Stock award on grant date
Holding after award
71,919 shares
Direct Class A Common Stock after one transaction
Holding after other award
68,995 shares
Direct Class A Common Stock after second transaction
Vesting trigger
1 year or next meeting
RSUs vest on earlier of one-year anniversary or next annual stockholder meeting
Settlement ratio
1-for-1
Each RSU settles into one share of Class A Common Stock
Key Terms
restricted stock units ("RSUs"), deferral election, annual meeting of stockholders, settled in shares
4 terms
restricted stock units ("RSUs") financial
"These restricted stock units ("RSUs") will vest in full on the earlier of..."
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.
deferral election financial
"The RSUs are also subject to a deferral election by the reporting person..."
annual meeting of stockholders financial
"the date of the next annual meeting of stockholders held after the date of grant..."
FAQ
What insider transaction did Lucid Group (LCID) report for Lisa Marie Lambert?
Lucid Group director Lisa Marie Lambert reported receiving restricted stock unit awards of Class A Common Stock. The Form 4 shows compensation-related grants rather than any open-market share purchases or sales, with her direct ownership increasing through stock-based awards.
What are the vesting terms of Lisa Marie Lambert’s new Lucid (LCID) RSUs?
One Lucid RSU grant to Lisa Marie Lambert vests in full on the earlier of the one-year anniversary of grant or the next annual stockholder meeting, subject to continued board service. Another RSU grant vested fully on the grant date in connection with her past service.
Can Lisa Marie Lambert defer settlement of her Lucid (LCID) RSUs?
Yes. The filing states the RSUs are subject to a deferral election by Lisa Marie Lambert. If she elects deferral, shares of Class A Common Stock will not be issued until the designated deferred settlement date chosen under that election.