NVIDIA (NVDA) legal chief granted 98,328 performance-based stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NVIDIA CORP executive Timothy S. Teter reported stock awards that increased his holdings. On March 2, 2026, he acquired 57,488 shares of common stock earned from a performance-based award that vests 25% on March 18, 2026 and 6.25% every three months until roughly four years after grant.
On the same date, he acquired an additional 40,840 restricted stock units received for no cash consideration, earned over a performance period ending January 25, 2026 and scheduled to vest 100% on March 18, 2026. Following these acquisitions, he directly owned 477,747 shares and indirectly held 2,629,549 shares through The Horne Teter Family Living Trust, where he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Teter Timothy S.
Role
EVP, General Counsel and Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57,488 | $0.00 | -- |
| Grant/Award | Common Stock | 40,840 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 436,907 shares (Direct);
Common Stock — 2,629,549 shares (Indirect, The Horne Teter Family Living Trust, dated February 1, 2019)
Footnotes (1)
- Represents the number of shares earned based on the achievement of a pre-established operating plan performance goal during the Issuer's fiscal year ended January 25, 2026. The shares earned will vest as to 25% on March 18, 2026 and as to 6.25% of the shares every three months thereafter, such that the shares are fully vested on approximately the four (4) year anniversary of the date of grant. The shares represent restricted stock units that were received as an award, for no consideration. Includes 219 shares purchased pursuant to the Issuer's Employee Stock Purchase Plan on February 27, 2026. Represents the number of shares earned based on achievement of a pre-established performance goal from January 30, 2023 through January 25, 2026. The shares earned will vest as to 100% on March 18, 2026, such that the shares will be fully vested on approximately the three (3) year anniversary of the date of grant. Shares held by The Horne Teter Family Living Trust, dated 02/01/2019, of which the Reporting Person is trustee.
FAQ
What did NVIDIA (NVDA) executive Timothy S. Teter report in this Form 4?
Timothy S. Teter reported acquiring two performance-based stock awards totaling 98,328 NVIDIA shares. These awards were earned based on pre-set performance goals and increase his direct ownership without any open-market share purchases.
How do the new NVIDIA (NVDA) awards to Timothy S. Teter vest over time?
One award of 57,488 shares vests 25% on March 18, 2026 and 6.25% quarterly for about four years. The other award of 40,840 shares vests 100% on March 18, 2026, roughly three years after its grant date.
What role does the Horne Teter Family Living Trust play in NVIDIA (NVDA) ownership?
The trust holds 2,629,549 NVIDIA shares indirectly attributed to Timothy S. Teter. The filing notes these shares are held by The Horne Teter Family Living Trust, dated February 1, 2019, for which he serves as trustee.