BURNS URSULA M 4
Research Summary
AI-generated summary
Uber (UBER) Director Ursula M. Burns Receives RSU Award
What Happened
- Ursula M. Burns, a director of Uber Technologies, was awarded 4,045 restricted stock units (RSUs) on May 5, 2026. The grant is recorded as a derivative acquisition (code A) at $0.00 per share (typical for RSU awards). This was a grant of compensation, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-05; reported and filed on 2026-05-05 (timely filing).
- Award: 4,045 RSUs; per-reporting entry shows $0.00 per share (RSUs are not purchased).
- Shares owned after transaction: Not specified in the Form 4 provided.
- Footnote: RSUs vest on the date immediately preceding the 2027 annual meeting (subject to earlier vesting in certain circumstances). Upon vesting, each RSU is payable one-for-one in cash or common stock at the issuer’s election on the director’s termination date, under Uber’s RSU Conversion and Deferral Program for Directors.
- Transaction type: Derivative award (routine director compensation), filing code A.
Context
- RSU grants are a common form of director compensation and generally vest in the future; they do not represent an immediate purchase or sale and should not be read as a near-term trading signal. Because payment may be in cash or stock upon vesting/termination, the ultimate dilution or share delivery depends on Uber’s election under its director deferral program.