leadership
confidence high
sentiment neutral
materiality 0.65
The Trade Desk grants CEO Jeff Green performance-based option for up to 16M shares with $90-$340 targets
Trade Desk, Inc.
- Grant of performance stock option to CEO Jeff Green for up to 16 million shares at $68.29 exercise price.
- Vesting in eight tranches over 10 years based on stock price targets: $90 to $340 per share.
- Share count per tranche adjustable by up to 20% based on TSR relative to Nasdaq-100 Index.
- All vested shares subject to a one-year holding period; exceptions for taxes, estate, charity.
- Employment agreement amended to modify definitions of 'Cause' and 'Good Reason' consistent with award.