other material
confidence high
sentiment neutral
materiality 0.45
DigitalOcean increases CFO Steinfort's salary, bonus, and severance in retention amendment
DigitalOcean Holdings, Inc.
- Base salary raised to $540k (from $450k); target bonus increased to 80% of base (from 70%).
- CFO receives new $2.6M RSU grant with four-year quarterly vesting and one-year cliff.
- Enhanced severance: termination without cause or good reason within 2 years triggers 12-month pay (up from 6), COBRA, and 12-month equity acceleration.
- After two years, severance reverts to original agreement terms.