---
schema_version: "secwatch.filing_event.v1"
accession: "0001568100-23-000053"
form_type: "8-K"
ticker: "PD"
cik: "0001568100"
company_name: "PagerDuty, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:24:54.920373+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PagerDuty amends executive severance policy; CEO Tejada gets enhanced change-in-control terms

## Summary
- Tier 2 NEO severance: 0.5x salary+bouns on non-CIC termination; 1.0x + pro-rata bonus + 12-month health on CIC termination.
- CEO Tejada base $600k, target bonus $600k; non-CIC severance 1.0x + $12k + 50% equity vest; CIC 1.5x + full vest.
- Policy three-year term, auto-renew; CIC protection extends 18 months post-consummation.
- Severance payments subject to 280G cutback provision for after-tax benefit.

## SEC filing metadata
- accession: 0001568100-23-000053
- form_type: 8-K
- ticker: PD
- cik: 0001568100
- company_name: PagerDuty, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568100/000156810023000053/0001568100-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568100/000156810023000053/pd-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001568100-23-000053
- JSON: https://secwatch.observer/filing/0001568100-23-000053.json
- Plain text: https://secwatch.observer/filing/0001568100-23-000053.txt

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