December 31, 2023 · Form 4 insider transaction
Wyant Sarah bought 4,699 shares of NXU, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 9 days after the transaction.
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 28th day of the month prior to each vesting date. On December 31, 2023, after giving effect to the 1-to-150 stock split completed by the Company on December 26, 2023, the Reporting Person was granted 4,699 Performance Stock Units, which vested on such date. The Performance Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.; Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.