Pinelli Maria 4
4 · Archer Aviation Inc. · Filed Jun 14, 2022
Insider Transaction Report
Form 4
Pinelli Maria
Director
Transactions
- Award
Restricted Stock Units
2022-06-10+48,661→ 48,661 total→ Class A Common Stock (48,661 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued service to the Issuer as of the applicable vesting date.
- [F2]This award represents a total grant value of $200,000 divided by the Issuer's closing stock price on June 10, 2022 for its Class A Common Stock, rounded to the nearest whole share, as calculated in accordance with the Issuer's Non-Employee Director Compensation Policy as adopted by the Compensation Committee of the Issuer's Board of Directors.
- [F3]The entire award will vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2023 annual stockholders' meeting.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.