Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NXU | Class A Common Stock | Award | +66.7K | +0.25% | 27M | Sep 15, 2023 | Direct | F1, F2, F3 | ||
transaction | NXU | Class A Common Stock | Sale | -$786 | -19.7K | -0.07% | $0.04 | 27M | Oct 19, 2023 | Direct | F1, F4 |
Id | Content |
---|---|
F1 | The transaction is being reported later due to an inadvertent administrative error. |
F2 | The Reporting Person is eligible to receive a number of Performance Stock Units with a value of up to 6.25% of the Reporting Person's total annual compensation each quarter for four quarters, subject to the Reporting Person's continuous service and certain other performance conditions, beginning on the last day of the third quarter of 2023. The number of Performance Stock Units granted is calculated by dividing the dollar value of the award by the closing share price on the first trading day immediately preceding the 15th day of the month prior to each vesting date. On September 15, 2023, the Reporting Person was granted 66,667 Performance Stock Units, which vested on September 30, 2023. The Performance Stock Units may be settled solely by delivery of an equal number of shares of Class A common stock of the Issuer. |
F3 | Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer. |
F4 | Represents shares of Class A common stock sold to cover tax withholding obligations and other applicable fees in connection with the vesting and settlement of Performance Stock Units pursuant to mandatory "sell to cover" provisions contained in the Reporting Person's applicable Performance Stock Unit grant agreement, and does not represent a discretionary sale by the Reporting Person. |