secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001874178-23-000049
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Rivian appoints Porsche NA's Kjell Gruner as Chief Commercial Officer; Jiten Behl departs
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- Kjell Gruner named Chief Commercial Officer & President, Business Growth, reporting to CEO.
- Gruner receives $450k salary, $1.5M signing bonus, $3M option, and $10M RSU (4-year vest).
- Former Porsche Cars NA CEO (2020-2023) brings auto marketing and strategy experience.
- Jiten Behl, former Chief Growth Officer, separated Aug 31; now consultant at $100/hr through Nov 2025.
- Behl's equity continues vesting during consulting; accelerated vesting on company termination or change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417823000049/0001874178-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417823000049/rivn-20230830.htm
  HTML page:      https://secwatch.observer/filing/0001874178-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer