Lyft CFO Michael Zachary Brous receives stock awards
One-twelfth of the RSUs vests beginning November 20, 2026, with further vesting on each three-month anniversary subject to continued service.
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Rhea-AI Filing Summary
Lyft, Inc. reported that its Chief Financial Officer, Michael Zachary Brous, received two restricted stock unit awards on October 20, 2026: 126,342 RSUs and 48,958 RSUs, each a contingent right to receive Class A common stock. One-twelfth of those RSUs vests on November 20, 2026 and on each three-month anniversary thereafter, subject to continued service through each date. Brous also received 80,561 performance-based restricted stock units (PSUs), each a contingent right to one Class A common share. The PSUs are eligible to vest in four tranches based on Lyft stock-price performance over periods during the four years beginning October 20, 2026; each applicable tranche requires achievement of its target, Compensation Committee certification and applicable service conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 126,342 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F1, F2 | 48,958 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F3, F2 | 80,561 | $0.00 | $0.00 |
Footnotes (3)
- F1. These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-twelfth of the RSUs shall vest on November 20, 2026 and on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F2. Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- F3. These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest in four tranches based on the Issuer's stock price performance over certain performance periods during the four years beginning on October 20, 2026. Upon achievement of a stock price performance target and certification of achievement by the Compensation Committee of the Issuer's Board of Directors, the PSUs in the applicable tranche will vest in full if certain service-based vesting conditions applicable to such tranche have been met, subject to the Reporting Person continuing as a service provider through each such date.
Key Figures
Key Terms
restricted stock units (RSUs) financial
performance-based restricted stock units (PSUs) financial
service-based vesting conditions financial
FAQ
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What equity awards did LYFT CFO Michael Zachary Brous receive?
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