---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-183935"
form_type: "8-K"
ticker: "PINS"
cik: "0001506293"
company_name: "PINTEREST, INC."
filed_at: "2022-06-28T23:59:59+00:00"
generated_at: "2026-06-24T22:37:47.993298+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bill Ready named Pinterest CEO; Ben Silbermann transitions to Executive Chairman

## Summary
- Bill Ready, former Google President of Commerce, becomes CEO and joins Board effective June 29, 2022.
- Co-founder Ben Silbermann steps down as CEO to become Executive Chairman; no change to compensation or equity vesting.
- Ready receives $400K base salary, option for 8.55M shares, and up to $20M in restricted shares conditional on $5M open-market purchase.
- Severance includes up to 24 months base salary (reduced by tenure) and equity vesting extension; full acceleration upon change in control.

## SEC filing metadata
- accession: 0001193125-22-183935
- form_type: 8-K
- ticker: PINS
- cik: 0001506293
- company_name: PINTEREST, INC.
- filed_at: 2022-06-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506293/000119312522183935/0001193125-22-183935-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506293/000119312522183935/d268278d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-183935
- JSON: https://secwatch.observer/filing/0001193125-22-183935.json
- Plain text: https://secwatch.observer/filing/0001193125-22-183935.txt

## Key facts
- Executive change
  William Ready was appointed as Class III director at PINTEREST, INC..
  - Action: appointed
  - Role: Class III director
  source text: appointed William Ready as a Class III director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000119312522183935/0001193125-22-183935-index.htm
- Executive change
  William Ready was appointed as Chief Executive Officer at PINTEREST, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board of Directors (the “Board”) of Pinterest, Inc. (the “Company”) appointed William Ready as the Chief Executive Officer of the Company, to succeed Benjamin Silbermann, the Company’s Chief Executive Officer and President, effective as of June 29, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000119312522183935/0001193125-22-183935-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.