Aurora (AUR) Chief Legal Officer Shelley Webb Receives Award

What Happened Shelley Webb, Aurora Innovation’s Chief Legal Officer and Secretary, received equity awards on 2026-03-23 consisting of 436,920 restricted stock units (RSUs) and 200,000 derivative awards (reported as an award/derivative). Both grants show an acquisition price of $0.00, so no cash was paid; the reported transactions have a combined count of 636,920 units and a $0 purchase value. This is an award/compensation event rather than an open-market buy or sale.

Key Details

• Transaction date: March 23, 2026; Filing date: March 30, 2026 (filing appears late — Form 4 normally must be filed within two business days; transactionTimeliness = 'L').
• Grants: 436,920 RSUs (reported as RSU award) and 200,000 derivative award (reported as award/derivative). Price per share/unit: $0.00; total cash exchanged: $0.
• Vesting: 436,920 RSUs — 1/16 of the RSUs will vest on each quarterly vesting date following February 20, 2026 (rounding down to whole shares), subject to continued service (Footnote F1). The 200,000 derivative award — 100% scheduled to vest on February 20, 2029, subject to continued service (Footnote F2).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Transaction code: A = Award/Grant (derivative portion reported as derivative); no sale/exercise or tax-withholding events reported in this filing.

Context Equity awards like RSUs and time‑based derivative grants are common components of executive compensation and vest over time if the executive remains employed; they do not represent an immediate cash investment or an indication that the insider is buying or selling stock. The RSU tranche vests gradually (quarterly), while the 200,000-unit derivative award vests in full on a single future date (Feb 20, 2029). The late filing reduces timeliness of disclosure but does not change the nature of the awards themselves.