Performance RSUs vest for Archer Aviation (NYSE: ACHR) legal chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc. reported that Chief Legal & Strategy Officer Eric Lentell acquired 78,659 shares of Class A common stock through vesting of a performance-based restricted stock unit award. This represents the second of three tranches from a March 26, 2024 performance-based RSU grant.
On April 20, 2026, the compensation committee certified that the vesting criteria tied to relative total stockholder return were achieved for the two-year performance period from March 26, 2024 to March 26, 2026, causing one-third of the award to vest at 164.87% of its target amount. Following this vesting, Lentell directly holds 128,778 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lentell Eric
Role
Chief Legal & Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 78,659 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 128,778 shares (Direct, null)
Footnotes (1)
- The reported transaction represents the vesting of the second of three tranches of a March 26, 2024 performance-based restricted stock unit award granted to the reporting person by the Issuer's compensation committee, which vests based on the achievement of a relative total stockholder return over a defined performance period (the "2024 Performance Award") and is subject to the reporting person's continued service through the vesting date. On April 20, 2026 (the "Certification Date"), the Issuer's compensation committee certified achievement of the vesting criteria of the second tranche of the 2024 Performance Award, resulting in one-third of the 2024 Performance Award vesting at 164.87% of the target amount granted for the two-year performance period beginning on March 26, 2024 and ending on March 26, 2026. The performance restricted stock units comprising the second tranche of the 2024 Performance Award will be settled for shares of the Issuer's Class A common stock shortly following the Certification Date.
Key Figures
Shares acquired via vesting: 78,659 shares
Shares held after transaction: 128,778 shares
Vesting level vs target: 164.87%
+4 more
7 metrics
Shares acquired via vesting
78,659 shares
Class A Common Stock, performance RSU tranche
Shares held after transaction
128,778 shares
Direct ownership following April 20, 2026 vesting
Vesting level vs target
164.87%
Second tranche of 2024 Performance Award
Transaction price per share
$0.00 per share
Equity compensation grant/award acquisition
Performance period start
March 26, 2024
Beginning of two-year performance period
Performance period end
March 26, 2026
End of two-year performance period
Certification date
April 20, 2026
Committee certified vesting criteria achievement
Key Terms
performance-based restricted stock unit award, relative total stockholder return, defined performance period, vesting criteria, +1 more
5 terms
performance-based restricted stock unit award financial
"the second of three tranches of a March 26, 2024 performance-based restricted stock unit award granted to the reporting person"
A performance-based restricted stock unit award is a promise to give company shares to an employee or executive only if the business hits specific targets over a set period. Think of it as a conditional prize that vests like a savings plan: if agreed goals (such as revenue, profit, or stock performance) are met, the recipient receives the shares; if not, they get nothing. Investors pay attention because these awards align management incentives with company results and can affect share count, future earnings and executive behavior.
relative total stockholder return financial
"which vests based on the achievement of a relative total stockholder return over a defined performance period"
defined performance period financial
"relative total stockholder return over a defined performance period (the "2024 Performance Award")"
vesting criteria financial
"the compensation committee certified achievement of the vesting criteria of the second tranche"
performance restricted stock units financial
"The performance restricted stock units comprising the second tranche of the 2024 Performance Award will be settled"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
FAQ
What insider transaction did Archer Aviation (ACHR) report for Eric Lentell?
Archer Aviation reported that Chief Legal & Strategy Officer Eric Lentell acquired 78,659 Class A common shares through vesting of a performance-based restricted stock unit award, with no purchase price, as part of his equity compensation package tied to company performance.
What performance period governed the Archer Aviation 2024 Performance Award for Eric Lentell?
The 2024 Performance Award for Eric Lentell is based on a two-year performance period from March 26, 2024 to March 26, 2026. Vesting depends on achieving relative total stockholder return targets over this defined interval, as certified by Archer Aviation’s compensation committee.
At what level did the second tranche of Archer Aviation’s 2024 Performance Award vest?
The second tranche of Archer Aviation’s 2024 Performance Award vested at 164.87% of the target amount. This vesting level was certified by the compensation committee after it determined that the relative total stockholder return performance criteria for the applicable two-year period were achieved.
What triggered the vesting of Eric Lentell’s Archer Aviation performance RSUs?
Vesting was triggered when Archer Aviation’s compensation committee certified, on April 20, 2026, that the vesting criteria for the second tranche of the 2024 Performance Award were met. These criteria were based on relative total stockholder return over a defined two-year performance period.
How many tranches are in Archer Aviation’s 2024 Performance Award granted to Eric Lentell?
The 2024 Performance Award granted to Eric Lentell consists of three tranches. The reported Form 4 covers the vesting of the second tranche, with each tranche tied to performance-based vesting conditions and requiring continued service through the applicable vesting dates.