Aptera Motors Corp. (SEV) names new independent director and awards 210,045 RSUs
Rhea-AI Filing Summary
Aptera Motors Corp. expanded its board of directors from four to five members and appointed Wellington J. Reiter as an independent director effective August 11, 2026. He also joined the Board’s Audit Committee on the same date.
In connection with his appointment, Reiter received an aggregate of 210,045 restricted stock units (RSUs) under the 2025 Omnibus Equity Incentive Plan. This includes 22,831 RSUs as a fully vested annual board retainer valued at $50,000, 4,566 RSUs as a fully vested Audit Committee retainer valued at $10,000, and a long-term incentive grant of 182,648 RSUs valued at $400,000, vesting over four years at 25% per full year of board service. The company states there are no related-party arrangements or transactions requiring additional disclosure.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Total RSUs Granted: 210,045 RSUs
Board Retainer RSUs: 22,831 RSUs; $50,000 value
Audit Committee RSUs: 4,566 RSUs; $10,000 value
+2 more
5 metrics
Total RSUs Granted
210,045 RSUs
Aggregate RSU grant to Wellington J. Reiter upon board and Audit Committee appointment
Board Retainer RSUs
22,831 RSUs; $50,000 value
Annual Board service retainer, fully vested upon issuance
Audit Committee RSUs
4,566 RSUs; $10,000 value
Aggregate committee membership retainer for Audit Committee, fully vested upon issuance
Long-Term Incentive RSUs
182,648 RSUs; $400,000 value
Vests over four years, 25% after each full year of Board service
Board Size After Change
5 members
Board increased from four to five members effective August 11, 2026
Key Terms
restricted stock units, independent director, Audit Committee, 2025 Omnibus Equity Incentive Plan, +1 more
5 terms
restricted stock units financial
"Mr. Reiter was granted an aggregate of 210,045 restricted stock units"
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.
independent director financial
"appointed Mr. Wellington J. Reiter to serve as an independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Audit Committee financial
"appointed to serve as a member of the Audit Committee of the Board"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
2025 Omnibus Equity Incentive Plan financial
"RSUs under the Company’s 2025 Omnibus Equity Incentive Plan"
Item 404(a) of Regulation S-K regulatory
"no transactions in which Mr. Reiter has an interest requiring disclosure under Item 404(a)"
FAQ
What board change did Aptera Motors Corp. (SEV) announce on August 11, 2026?
Aptera Motors Corp. increased its Board size from four to five members and appointed Wellington J. Reiter as an independent director effective August 11, 2026. He also joined the Board’s Audit Committee the same day.
What equity compensation did Wellington J. Reiter receive from Aptera Motors (SEV)?
Wellington J. Reiter received a total of 210,045 RSUs under the 2025 Omnibus Equity Incentive Plan. The grant includes retainers valued at $50,000 and $10,000, plus a long-term incentive valued at $400,000 vesting over four years.
How are Wellington J. Reiter’s RSUs at Aptera Motors (SEV) structured?
Reiter’s RSUs include 22,831 fully vested board retainer units, 4,566 fully vested Audit Committee retainer units, and 182,648 long-term incentive RSUs. The long‑term grant vests 25% after each full year of Board service over four years.
What committee role will Wellington J. Reiter have at Aptera Motors (SEV)?
Wellington J. Reiter was appointed as a member of the Audit Committee of Aptera Motors’ Board, effective August 11, 2026. His equity compensation includes a 4,566 RSU retainer tied to his Audit Committee membership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
