Jensen Huang resigns as Nvidia president, CEO and director; amount of unvested equity forfeited not disclosed
Key points
- Nvidia's 8-K: the board accepted Huang's resignation as president, CEO and director on Nov. 11; announced Nov. 12 with no reason given
- Nvidia's form RSU agreement: unvested RSUs are forfeited when service ends, except on death
- Proxy: about 1.41 million unvested RSUs and PSUs as of Jan. 25; the amount actually forfeited has not been disclosed
Nvidia's 8-K shows the board on Nov. 11 accepted Jensen Huang's resignation as president, chief executive officer and director, effective immediately; the company announced it on Nov. 12 without giving a reason or disclosing any separation arrangements. Nvidia's form restricted stock unit (RSU) agreement provides that unvested RSUs are forfeited when continuous service ends, except on death. The company's 2026 proxy statement shows Huang held about 1.41 million unvested RSUs and performance stock units (PSUs) as of Jan. 25; some have vested since, and company filings have not yet disclosed how much was actually forfeited on his resignation.
What employers should do
- Review how your executive equity agreements treat unvested RSUs and PSUs on termination of service
Original report: sec.gov ↗AI-assisted brief; may contain inaccuracies. Rely on the original reports and official documents. For information only; not legal, immigration or insurance advice.