Rivian Board Member Boone Signals Long-term Commitment with Deferred Stock Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rivian Automotive Director Karen Boone reported new equity transactions on Form 4. On June 18, 2025, Boone was granted 16,812 restricted stock units (RSUs) at $0 cost, which will vest on the first anniversary of the grant date.
Key details of the transaction:
- Boone elected to defer the issuance of shares until termination of service as director
- Following the transaction, Boone directly owns 98,349 shares of Class A Common Stock
- Additionally holds 130,000 shares indirectly through The Boone Family Trust dated August 6, 2015
- The RSUs will settle in Class A Common Stock upon termination of service
This equity grant appears to be part of the company's director compensation program, demonstrating continued alignment between board member and shareholder interests.
Positive
- Director Karen Boone received 16,812 RSUs as part of board compensation, demonstrating continued alignment with shareholder interests through equity-based compensation
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boone Karen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,812 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 98,349 shares (Direct);
Class A Common Stock — 130,000 shares (Indirect, See footnote)
Footnotes (1)
- Represents an award of 16,812 restricted stock units ("RSUs") which will vest on the first anniversary of the grant date. The Reporting Person has elected to defer the issuance of the shares of the Issuer's Class A Common Stock underlying the RSUs until the Reporting Person's termination of service as a director of the Issuer. The RSUs will settle in shares of the Issuer's Class A Common Stock upon such termination of service. By The Boone Family Trust dated August 6, 2015.
FAQ
How many RIVN RSUs did Director Karen Boone receive in June 2025?
Karen Boone received 16,812 restricted stock units (RSUs) on June 18, 2025. These RSUs will vest on the first anniversary of the grant date, and she has elected to defer the issuance of shares until her termination of service as a director of Rivian.
What is Karen Boone's total RIVN stock ownership after the June 2025 transaction?
Following the transaction, Karen Boone owns 98,349 shares of RIVN Class A Common Stock directly, and 130,000 shares indirectly through The Boone Family Trust dated August 6, 2015, for a total beneficial ownership of 228,349 shares.
What was the purchase price of RIVN RSUs granted to Karen Boone?
The RSUs were granted to Karen Boone at a price of $0, as they were awarded as part of her compensation as a director of Rivian Automotive, Inc.
When will Karen Boone's RIVN RSUs from June 2025 vest and settle?
The RSUs will vest on the first anniversary of the grant date (June 18, 2026). However, Boone has elected to defer the settlement and issuance of the underlying RIVN Class A Common Stock shares until her termination of service as a director of the company.