---
schema_version: "secwatch.filing_event.v1"
accession: "0001506293-26-000136"
form_type: "8-K"
ticker: "PINS"
cik: "0001506293"
company_name: "PINTEREST, INC."
filed_at: "2026-10-02T21:10:05+00:00"
generated_at: "2026-10-12T14:41:23.191377+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Pinterest amends Level 21 severance plan with new bonuses and >10% good-reason trigger

## Summary
- Pinterest amended and restated its Severance and Change in Control Plan for Level 21 employees, effective September 30, 2026.
- Plan adds a pro-rated target annual bonus for termination without cause outside a change in control, subject to a separation and release agreement.
- For change-in-control terminations without cause or good reason, bonus equals the greater of target annual bonus or actual Company performance, measured as of the change in control.
- Plan provides single-trigger equity acceleration only if awards are not assumed, substituted, continued or replaced, and treats a >10% target bonus cut as good reason.
- Wanji Walcott signed on October 2, 2026; the full plan text will be filed with Pinterest's next quarterly report.

## SEC filing metadata
- accession: 0001506293-26-000136
- form_type: 8-K
- ticker: PINS
- cik: 0001506293
- company_name: PINTEREST, INC.
- filed_at: 2026-10-02T21:10:05+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506293/000150629326000136/0001506293-26-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506293/000150629326000136/pins-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506293-26-000136
- JSON: https://secwatch.observer/filing/0001506293-26-000136.json
- Plain text: https://secwatch.observer/filing/0001506293-26-000136.txt

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