Mark Stevens of NVIDIA (NASDAQ: NVDA) receives 1,211 RSUs in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEVENS MARK A reported acquisition or exercise transactions in this Form 4 filing.
NVIDIA director Mark A. Stevens reported an equity award and updated holdings. He received 1,211 restricted stock units of NVIDIA common stock as an annual grant for his service on the Board of Directors, awarded for no cash consideration.
The RSUs vest in two equal installments, with 50% vesting on November 18, 2026 and 50% on May 19, 2027. If his service as a director ends due to death, the award becomes fully vested immediately. After this grant, he directly holds 11,544,612 shares of common stock.
In addition, he has indirect holdings through trusts. The Third Millennium Trust, where he and his wife are co-trustees, holds 5,207,271 shares, and the Envy Trust, for which he serves as trustee, holds 15,017,750 shares of NVIDIA common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
STEVENS MARK A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,211 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,544,612 shares (Direct, null);
Common Stock — 5,207,271 shares (Indirect, By Trust)
Footnotes (1)
- Annual grant in connection with service on the Board of Directors. The shares represent restricted stock units that were received as an award, for no consideration. The restricted stock units shall vest as to 50% of the shares on November 18, 2026 and 50% of the shares on May 19, 2027. If the Reporting Person's service as a director terminates at any time due to death, the grant shall immediately become fully vested. Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees. Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee.
Key Figures
RSU grant size: 1,211 shares
Direct holdings after grant: 11,544,612 shares
Third Millennium Trust holdings: 5,207,271 shares
+3 more
6 metrics
RSU grant size
1,211 shares
Annual equity award for Board service
Direct holdings after grant
11,544,612 shares
Common stock directly held after RSU award
Third Millennium Trust holdings
5,207,271 shares
Indirect holdings by the Third Millennium Trust
Envy Trust holdings
15,017,750 shares
Indirect holdings by the Envy Trust
First vesting date
November 18, 2026
50% of RSU grant vests
Second vesting date
May 19, 2027
Remaining 50% of RSU grant vests
Key Terms
restricted stock units, Board of Directors, grant, co-trustees, +1 more
5 terms
restricted stock units financial
"The shares represent restricted stock units that were received as an award, for no consideration."
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.
Board of Directors financial
"Annual grant in connection with service on the Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
grant financial
"The restricted stock units shall vest as to 50% of the shares on November 18, 2026 and 50% of the shares on May 19, 2027."
co-trustees financial
"Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees."
trustee financial
"Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did NVIDIA (NVDA) director Mark A. Stevens report in this Form 4?
Mark A. Stevens reported receiving 1,211 restricted stock units of NVIDIA common stock as an annual grant for Board service, plus updated direct and trust holdings totaling several million shares of NVIDIA common stock as of the reported date.
How many NVIDIA (NVDA) restricted stock units did Mark Stevens receive?
Mark Stevens received 1,211 restricted stock units of NVIDIA common stock. These units were granted as an annual equity award for his service on NVIDIA’s Board of Directors and were provided for no cash consideration according to the filing’s footnote.
What is the vesting schedule for Mark Stevens’ new NVIDIA RSU grant?
The 1,211 restricted stock units vest in two equal parts. Fifty percent of the shares vest on November 18, 2026, and the remaining 50% vest on May 19, 2027, with full vesting upon death while serving as a director.
Was cash paid for Mark Stevens’ 1,211 NVIDIA RSUs?
No cash was paid for the 1,211 restricted stock units. The filing states they were received as an award in connection with Mark Stevens’ service on NVIDIA’s Board of Directors and granted for no consideration, meaning no purchase price was paid.