Sprout Social grants President Ryan Barretto 120k RSUs for $200M ARR; sets new $300M ARR milestone

Sprout Social, Inc.

Compensation Committee granted 120,000 RSUs to President Ryan Barretto effective Oct 4, 2021 for achieving $200M annual run rate target.
New side letter provides for future grant of 120,000 RSUs when annual run rate reaches $300M, subject to Compensation Committee approval.
The 2021 Milestone RSU Grant vests 25% on first anniversary and 1/16 quarterly thereafter over four years, contingent on continued employment.
Mr. Barretto must be employed at the time the Committee certifies achievement of the $300M milestone to receive the grant.

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