secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001582961-23-000052
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean increases CFO Steinfort's salary, bonus, and severance in retention amendment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000052/0001582961-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000052/docn-20230915.htm
  HTML page:      https://secwatch.observer/filing/0001582961-23-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer