Uber Technologies, Inc (UBER) CEO awarded 389,041 RSUs vesting 2026
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uber Technologies, Inc Chief Executive Officer Dara Khosrowshahi reported an acquisition of 389,041 restricted stock units (RSUs) classified as a grant or award. These RSUs were originally granted on March 1, 2023 under Uber's 2019 Equity Incentive Plan after certain performance conditions were satisfied.
The time-based vesting condition for these RSUs will be satisfied on March 16, 2026, at which point they will vest. Upon vesting, the RSUs will be settled on a one-for-one basis in either cash or common stock, at the election of Uber.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KHOSROWSHAHI DARA
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 389,041 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 389,041 shares (Direct)
Footnotes (1)
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FAQ
What did Uber (UBER) CEO Dara Khosrowshahi report in this Form 4?
Dara Khosrowshahi reported acquiring 389,041 restricted stock units as a grant or award. These RSUs relate to prior performance-based compensation under Uber’s 2019 Equity Incentive Plan and become reportable now that specific performance conditions have been satisfied and vesting terms are defined.
How many RSUs did the Uber (UBER) CEO receive and under which plan?
He received 389,041 restricted stock units under Uber’s 2019 Equity Incentive Plan. The filing states these RSUs were granted on March 1, 2023, tied to performance conditions that have been met, and are structured as part of his equity-based executive compensation package.
When do Dara Khosrowshahi’s 389,041 Uber (UBER) RSUs vest?
The time-based vesting condition for the 389,041 RSUs will be satisfied on March 16, 2026. At that date, the RSUs will fully vest, subject to the terms of Uber’s 2019 Equity Incentive Plan and any continuing employment or other standard plan requirements.
Will Uber (UBER) settle these CEO RSUs in cash or stock?
Upon vesting, each RSU will be payable on a one-for-one basis in either cash or Uber common stock. The filing specifies that the choice between cash or stock lies with Uber, which retains the election right at the time of settlement.
Is this Uber (UBER) CEO Form 4 a stock purchase or a compensation grant?
The transaction is classified as a grant or award acquisition, not an open-market stock purchase. It reflects performance-based restricted stock units granted on March 1, 2023, rather than the CEO buying shares directly on the market for cash consideration.
What performance conditions are tied to the Uber (UBER) CEO’s RSUs?
The RSUs were granted subject to certain performance conditions that have now been satisfied, according to the footnote. While the filing confirms these conditions were met, it does not detail the specific performance metrics or targets used within the 2019 Equity Incentive Plan.