Lucid Group (LCID) director Andrew Liveris granted new RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LIVERIS ANDREW N reported acquisition or exercise transactions in this Form 4 filing.
Lucid Group, Inc. director Andrew N. Liveris reported stock-based awards and updated holdings. He received two grants of restricted stock units (RSUs) covering 2,599 and 43,870 shares of Class A Common Stock at no cash cost.
The 2,599 RSUs vest in full on the earlier of one year from grant or the next annual stockholder meeting, subject to his continued board service and a deferral election that can delay share delivery. The 43,870 RSUs vest in full on the grant date in connection with past service. The filing also notes 40,000 Lucid shares are held by Liveris Capital Partners LLC, an entity over which he has investment control but for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LIVERIS ANDREW N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 43,870 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,599 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 123,765 shares (Direct, null);
Class A Common Stock — 40,000 shares (Indirect, By Liveris Capital Partners LLC)
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. Interests shown consist of 40,000 shares of Class A Common Stock (the "Liveris Capital Shares") beneficially owned by Liveris Capital Partners LLC ("Liveris Capital"). The reporting person has investment control over Liveris Capital and disclaims beneficial ownership of the Liveris Capital Shares. The Liveris Capital Shares were received as part of a distribution from Churchill Sponsor IV LLC applying equally to all securities of a class in January 2023.
Key Figures
RSU grant 1: 2,599 RSUs
RSU grant 2: 43,870 RSUs
RSU settlement ratio: 1 share per RSU
+3 more
6 metrics
RSU grant 1
2,599 RSUs
Vests on earlier of one-year from grant or next annual meeting
RSU grant 2
43,870 RSUs
Vests in full on grant date for past service
RSU settlement ratio
1 share per RSU
RSUs settled in Class A Common Stock one-for-one
Indirect holdings via Liveris Capital
40,000 shares
Shares held by Liveris Capital Partners LLC with disclaimed beneficial ownership
Direct holdings after award (entry 1)
126,364 shares
Class A Common Stock directly owned following one reported award
Direct holdings after award (entry 2)
123,765 shares
Class A Common Stock directly owned following another reported award
Key Terms
restricted stock units, deferral election, annual meeting of stockholders, beneficially owned, +1 more
5 terms
restricted stock units financial
"These restricted stock units ("RSUs") will vest in full on the earlier..."
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.
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..."
beneficially owned financial
"Interests shown consist of 40,000 shares of Class A Common Stock ... beneficially owned by Liveris Capital Partners LLC"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
disclaims beneficial ownership financial
"The reporting person has investment control over Liveris Capital and disclaims beneficial ownership of the Liveris Capital Shares."
FAQ
What did Lucid Group (LCID) director Andrew N. Liveris report in this Form 4?
Andrew N. Liveris reported awards of restricted stock units and updated share holdings. The filing shows two RSU grants and indirect shares held by an affiliated entity, reflecting compensation and ownership structure rather than open-market buying or selling activity.
How many Lucid Group (LCID) RSUs did Andrew N. Liveris receive?
Andrew N. Liveris received two RSU grants covering 2,599 and 43,870 shares of Class A Common Stock. These restricted stock units represent equity-based compensation and are settled in Lucid shares on a one-for-one basis according to the vesting and settlement terms disclosed.
What are the vesting terms of Andrew N. Liveris’s new Lucid (LCID) RSUs?
One RSU grant 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 vests in full on the grant date, reflecting past service, with both settled in Class A shares.
Are Andrew N. Liveris’s Lucid (LCID) RSUs settled in cash or stock?
The RSUs are settled in shares of Lucid’s Class A Common Stock on a one-for-one basis. The filing explains that share delivery can occur upon vesting or a designated deferred settlement date, depending on any deferral election made by the reporting person.
Is there a deferral feature on Andrew N. Liveris’s Lucid (LCID) RSUs?
Yes. The RSUs are subject to a deferral election by Andrew N. Liveris. While they vest subject to service conditions, the actual shares will not be issued until the designated deferred settlement date chosen under this deferral arrangement, as described in the filing.