COXE TENCH 4
Research Summary
AI-generated summary
NVIDIA Director Coxe Tench Receives 1,211-Share Award
What Happened
Coxe Tench, a director of NVIDIA Corp. (NVDA), was granted 1,211 restricted stock units (RSUs) on June 25, 2026 as an annual board service award. The grant was issued at $0 (no cash paid). Per the filing, 50% of the RSUs vest on November 18, 2026 and the remaining 50% vest on May 19, 2027; the award fully vests immediately if the director’s service terminates due to death.
Key Details
- Transaction type: Award/Grant (RSUs) — code A
- Transaction date: 2026-06-25; reported on Form 4 filed 2026-06-29
- Shares awarded: 1,211 RSUs; grant price $0 (no consideration)
- Vesting: 50% on Nov 18, 2026; 50% on May 19, 2027; accelerated vesting on death (Footnote F1)
- Shares owned after transaction: Not specified in this filing
- Other footnotes: Some shares held in a trust where the reporting person is trustee (F2) and in a retirement trust (SHV Profit Sharing Plan) for the benefit of the reporting person (F3) — reporting person disclaims beneficial ownership of trust-held shares except to the extent of pecuniary interest
- Exhibit: Exhibit 24 — Power of Attorney
Context
This is a routine director compensation award (RSUs) rather than an open-market purchase or sale. RSUs are restricted and only become actual shares when they vest; awards at no cost do not necessarily signal insider buying interest. The filing documents the grant and vesting terms so investors can track future unlocking of shares.
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