secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001506293-25-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Pinterest grants CEO Bill Ready $18M target PSUs tied to 3-year relative TSR
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- Grant of 572,884 performance-based RSUs at target, value $18M.
- Payout ranges 0%-200% based on relative TSR vs Nasdaq CTA Internet Index.
- Performance period: Jan 1, 2025 through Dec 31, 2027.
- Vesting requires continued service through certification date after performance period.
- Awards under 2019 Omnibus Incentive Plan; agreement to be filed in 10-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000150629325000003/0001506293-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000150629325000003/pins-20250106.htm
  HTML page:      https://secwatch.observer/filing/0001506293-25-000003

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