secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001506293-21-000246
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinterest amends severance for Morgenfeld, Flores, Gavini; changes registered agent
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- Amended severance provides up to 24 months base salary, reduced by 1 month per month employed (max 12-month reduction).
- Severance triggered by termination without cause (change in control or not) or good reason within 90 days pre/1 year post change in control.
- Executives Todd Morgenfeld, Christine Flores, Naveen Gavini affected; awards vest if terminated without cause not in change in control.
- Company changed registered agent to Corporation Service Company and office to 251 Little Falls Drive, Wilmington, DE.
- Amended Severance Agreement supersedes 2019 form; 'best net after-tax' provision applies for excise tax penalties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000150629321000246/0001506293-21-000246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000150629321000246/pins-20211215.htm
  HTML page:      https://secwatch.observer/filing/0001506293-21-000246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer