EX-10.1 2 uber06302025exhibit101.htm EX-10.1 Document

Exhibit 10.1
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DIRECTOR COMPENSATION POLICY AND STOCK OWNERSHIP GUIDELINES

Purpose and Scope
The Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of Uber Technologies, Inc. (the “Company”) has adopted this Director Compensation Policy and Stock Ownership Guidelines (the “Policy”), pursuant to which any member of the Board who is not an employee of the Company or any of its affiliates (each, a “Non-Employee Director”) will be compensated as set forth in this Policy.
Compensation
Cash Compensation
Effective May 5, 2025, each Non-Employee Director will be paid (i) an annual cash retainer of $60,000; and (ii) annual cash retainers in the following amounts if such Non-Employee Director serves in one or more of the applicable roles:
Audit Committee
Chair: $40,000
Member: $20,000
Compensation Committee
Chair: $30,000
Member: $15,000
Nominating and Governance Committee
Chair: $30,000
Member: $15,000
Chairperson of the Board$200,000

A committee chair will receive the chair retainer for the applicable committee, but will not receive the committee member annual retainer. All cash compensation is earned on a daily basis, payable within the 60-day period following the end of each calendar quarter. The amount of quarterly cash compensation that each Non-Employee Director will be entitled to receive for service as a director, committee chair, or committee member, as the case may be, will be equal to: (i) the aggregate annual cash retainer for the applicable role(s), divided by (ii) four (4), provided, however, that if the Non-Employee Director did not serve as a director, committee member, or committee chair, as the case may be, for the entirety of such quarter, then such quarterly cash compensation payment shall be prorated based on the Non-Employee Director’s number of days of service in the applicable role(s) during such quarter.
Compensation for service on any other special or standing committees of the Board, will be determined from time to time by the Compensation Committee.
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Non-Employee Directors based in the United States are eligible to participate in the Uber Technologies, Inc. RSU Conversion and Deferral Program for Directors, as may be amended from time to time (the “RSU Conversion & Deferral Program”), and pursuant to the terms of such program, may elect to convert any or all of the cash compensation described in this Policy into awards of restricted stock units (“RSUs”).
Equity Compensation
Effective as of May 5, 2025, with respect to each Service Period (as defined below) (including, for the avoidance of doubt, the Service Period beginning on May 5, 2025), an annual RSU award (the “Annual RSU Award”) will be granted to each Non-Employee Director within 30 days of the beginning of each Service Period in accordance with the following:
All Annual RSU Awards will be granted under the Uber Technologies, Inc. 2019 Equity Incentive Plan, or any successor equity incentive plan, (the “Company Equity Plan”), pursuant to the applicable Restricted Stock Unit Agreement, the form of which has been previously approved by the Board (the “RSU Agreement”).
The term “Service Period” means each one-year period beginning on the date of the annual meeting of the stockholders of the Company through the date immediately preceding the date of the annual meeting of the stockholders of the Company in the following year. For the avoidance of doubt, pursuant to this Policy, as amended on May 5, 2025, the first Service Period shall begin on the date of the 2025 annual meeting of the stockholders of the Company (May 5, 2025).
The Annual RSU Award will have a target grant value of $300,000.
If the Non-Employee Director is not serving as a Non-Employee Director on the first day of the Service Period, the grant value of the Annual RSU Award for the initial term that lasts from the date of election or appointment until the last day of the Service Period will be reduced on a pro rata basis, such that the grant value will be equal to (i) the target grant value multiplied by (ii) a fraction, (a) the numerator of which is the number of days from the date of election or appointment through the last day of the Service Period, and (b) the denominator of which is the number of days in the Service Period.
The Annual RSU Award will fully vest on the last day of the Service Period, provided the Non-Employee Director is in service on that date. If the Non-Employee Director is no longer in service at the end of the Service Period due to (i) a Corporate Transaction (as defined in the RSU Conversion & Deferral Program), or (ii) solely in the discretion of the Compensation Committee, an election to retire, a prorated portion of the Non-Employee Director’s Annual RSU Award will vest, such that the amount payable will be equal to (i) the grant value multiplied by (ii) a fraction, (a) the numerator of which is the number of days the Non-Employee Director served as a director during the Service Period, and (b) the denominator of which is the number of days in the Service Period. No Annual RSU Award will be accelerated if a Non-Employee Director resigns from the Board or is otherwise disqualified or removed, with or without cause, from the Board.
The actual grant value of the Annual RSU Award will be converted into the number of shares underlying the award based on the average daily closing price per share of the Company’s Common Stock in the month prior to the grant date (rounded down to the nearest whole
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share).
Expense Reimbursement
All members of the Board will be reimbursed for their reasonable out-of-pocket expenses, including travel and lodging, incurred in attending meetings of the Board and committees thereof, following submission by the Non-Employee Director of reasonable written substantiation for the expenses, consistent with the Company’s reimbursement policy.
Non-Employee Director Stock Ownership Guidelines
The minimum stock ownership level for each Non-Employee Director will be ten times the Non-Employee Director’s annual cash retainer, excluding any retainer for service as a member or chair of a committee of the Board or for service as Chairperson of the Board.
The minimum stock ownership levels for each Non-Employee Director will be determined annually using the total Non-Employee Director’s annual cash retainer (excluding any cash retainer for service as a member or chair of a committee of the Board or for service as Chairperson of the Board) as of March 31 of the applicable year and (i) the average daily closing price per share of the Company’s common stock (“Common Stock”) for the month ending on March 31 of the applicable year or (ii) any other price per share of the Company’s Common Stock that the Compensation Committee deems appropriate.
The following may be used in determining stock ownership:
Shares owned directly (including through open market purchases);
Shares owned jointly with or separately by the Non-Employee Director’s spouse;
Shares held in trust for the benefit of the Non-Employee Director, the Non-Employee Director’s spouse, and/or the Non-Employee Director’s children; and
RSUs deferred under the RSU Conversion & Deferral Program, provided such RSUs are vested.

Any shares held prior to the Non-Employee Director’s date of election or appointment will count towards the stock ownership requirement.
The applicable level of Company stock ownership is expected to be satisfied within five years after an individual first becomes subject to this Policy and maintained thereafter for as long as the individual remains a Non-Employee Director.
Each Non-Employee Director will be notified annually of his or her minimum stock ownership requirement, current holdings, and whether he or she must hold any additional shares to meet these stock ownership guidelines.
The Compensation Committee will evaluate whether exceptions should be made in the case of any Non-Employee Director who, due to his or her unique financial circumstances, would incur an undue hardship by complying with these stock ownership guidelines.
Effective Date and Amendment

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The Policy became effective initially on January 1, 2020 (the “Effective Date”), with the exception of Dr. Ronald Sugar, the current Chairperson of the Board, who had an independent effective date of January 1, 2021. The Policy was then amended on November 1, 2021, to be effective January 1, 2022 and on May 9, 2022, to be effective May 9, 2022. The Policy was last amended on May 5, 2025, to be effective May 5, 2025.
If an individual becomes a Non-Employee Director after the Effective Date of the Policy, the terms of the Policy then in effect will apply to such individual commencing on the date he or she becomes a Non-Employee Director.
This Policy will be reviewed periodically and may be amended from time to time by the Compensation Committee. Any changes to compensation set forth in this Policy will be approved by the Board, in consultation with the Compensation Committee.
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