Investing in Ownership for All

A message from our Chief People Officer, Helen Russell

By Rivian

February 12^th, 2022

As a company, we are dedicated to moving the world in a new direction—preserving our planet and putting humanity at the center of all of it.

2021 was a year like no other in our journey so far. We launched three vehicles, executed an initial public offering of our stock, announced plans to expand manufacturing in the U.S. and established Forever, a philanthropic organization dedicated to addressing our planet’s climate crisis.

And the only way we’ve been able to accomplish all of this and more—is with the right team – a diverse group of people inspired by our mission, challenged by our ambition, and aligned to our culture. In 2021, we grew our workforce over 3x while making broad enhancements to offer world-class, tech-industry rewards for our employees to take care of themselves and their families.

What’s New & What’s Next

We believe every employee should share in our collective success and, like our investors and shareholders, feel a true sense of ownership in our company. We also believe passionately that we do our best work when we adopt a “One Rivian” mindset—offering bonuses for every employee, based on our shared achievements.

Ownership for all

We have an extremely dedicated team of people who think and operate like owners. Enabling every employee to invest through stock ownership supports our employees’ financial well-being, enables a highly inclusive workplace, and ensures our mutual success. Equity opportunities include new hire grants for every employee, an ongoing grant program, an Employee Stock Purchase Program, special recognition shares awarded through our innovation and patent program, and special CEO recognition grants.

A progressive approach to vesting

Our ownership for all approach provides every new hire with an equity grant. This makes equity a vital part of our reward strategy across an extremely diverse workforce. We see tremendous value in intrinsic motivation and attracting people inspired by our mission and challenged by the scale of our ambition. Our goal is to reward for impact delivered to Rivian (not prior) and truly differentiate for those able to keep pace with our steep climb. As we enter 2022, we’re removing our one-year cliff, shortening our new hire grant to two-years, and doubling down on recognizing impact delivered to Rivian through ongoing equity grants. These enhancements provide earlier access to equity, the potential for higher annualized value and a deeper connection to Rivian’s success and our culture.

Collective success

Together, we dream, design, build and deliver the future of sustainable mobility and we use our “One Rivian” philosophy to reward our teams. Every employee contributes to the success of the company, which is reflected in our evolved and expanded approach to compensation. We are on an incredible journey to achieve something that has never been done before. And when we achieve our goals together, we win together.

Our core values at Rivian are called Compass—they are the principles that guide us and show us the way. Our employees join for the mission, stay for the culture, and deliver for our collective success.

Following our Compass

It’s an exciting time at Rivian. We have grown so much as a company and our programs are changing with us. To create the impact and the change we seek, we must attract the talent that is inspired by our mission, desire a true sense of ownership, and are motivated by the impact they can have, HERE!