secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001193125-23-160685
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap hires Eric Young as SVP of Engineering; $1M salary, $40M in RSUs
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- Eric Young appointed SVP of Engineering, effective June 5, 2023.
- Annual salary of $1,000,000; sign-on bonus of $500,000 paid in quarterly installments.
- New-hire RSUs with at least $40,000,000 aggregate value, vesting quarterly over 4 years.
- Previously VP of Engineering at Google; held roles at Amazon; B.S. from Vanderbilt, MBA from Wharton.
- No family relationships or related transactions with board or executive officers reported.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000119312523160685/0001193125-23-160685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000119312523160685/d508132d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-160685

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