QuantumScape (QS) COO receives large RSU and PSU grants tied to TSR
Rhea-AI Filing Summary
QuantumScape Corp reported that Chief Operating Officer Luca Giovanni Fasoli received equity awards in the form of Class A Common Stock units. He was granted 667,655 restricted and performance stock units and a separate grant of 133,531 restricted stock units, both at no cash cost to him.
The first grant consists of 40% restricted stock units (RSUs) that vest quarterly and 60% performance restricted stock units (PSUs) that vest when specified performance milestones are achieved, in each case requiring continued service. The second RSU grant vests based on QuantumScape’s total shareholder return relative to indexed companies over a performance period from January 1, 2026 to December 31, 2028, also requiring continued service.
Following these awards, Fasoli’s direct holdings increased to 2,047,408 shares of Class A Common Stock, including 1,960,511 shares represented by RSUs and PSUs that will only convert into shares as vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 667,655 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 133,531 | $0.00 | -- |
Footnotes (1)
- The Issuer granted restricted stock units ("RSUs") (40%) and performance restricted stock units ("PSUs") (60%) to the Reporting Person. Each RSU and PSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest each quarter and the PSUs vest upon achievement of certain performance milestones, in both cases subject to the Reporting Person's continued service as of each vesting date. The Issuer granted RSUs to the Reporting Person. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs are eligible to vest based on the Issuer's total shareholder return ("TSR") relative to certain indexed companies during a performance period beginning on January 1, 2026 and ending on December 31, 2028, subject to the Reporting Person's continued service as of each vesting date. Includes 1,960,511 shares represented by RSUs and PSUs. Each RSU/PSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest each quarter and the PSUs vest upon achievement of certain performance milestones, in both cases subject to the Reporting Person's continued service as of each vesting date.