UiPath (PATH) Chief Legal & Admin Officer Brad Brubaker Receives Award

What Happened
Brad Brubaker, UiPath’s Chief Legal & Admin Officer, was granted 300,000 performance-based restricted stock units (PSUs) on Sept. 3, 2026. The award was recorded at $0.00 purchase price (transaction code A), meaning these are contingent PSU awards that may convert to Class A common shares if performance and service conditions are met.

Key Details

• Transaction date / filing date: September 3, 2026 (Form 4 accession 0001543401-26-000006).
• Award: 300,000 PSUs; acquisition price reported as $0.00 (award/grant).
• Footnotes: Each PSU equals a contingent right to one share on settlement (F1). PSUs vest only if stock-price hurdles are met: 33% tied to a lower hurdle achievable within a 3-year measurement period ending July 31, 2029; 67% tied to a higher hurdle achievable within a 5-year period ending July 31, 2031. Service-based vesting also applies (1/12th per calendar quarter of each tranche over three years), and continuous service through achievement dates is required (F2).
• Transaction code: A (award/grant).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: Filed on the same date as the reported grant; no late-filing indication.

Context
This is a performance-based equity award, not an open-market purchase or sale. Because conversion into actual shares depends on future stock-price performance and continued employment, the award does not guarantee ownership of shares today and should be viewed as a conditional, long-term incentive rather than an immediate bullish purchase signal.