---
schema_version: "secwatch.filing_event.v1"
accession: "0001595974-21-000058"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2021-08-31T23:59:59+00:00"
generated_at: "2026-06-29T06:46:01.014674+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Magnite grants CEO Barrett 516k total equity units; PSUs tied to $60/$80/$100 stock price

## Summary
- CEO Michael Barrett received 136,939 RSUs vesting one-third annually on Aug 15, 2023-2025.
- Also received 379,365 PSUs in three tranches with stock price hurdles of $60, $80, $100 over any trailing 60-day period.
- Performance period runs Aug 26, 2022 to Aug 26, 2026; PSUs vest upon price condition met, then earned over 3-5 years.
- Unearned PSUs accelerate upon involuntary termination; total potential dilution of 516,304 shares.

## SEC filing metadata
- accession: 0001595974-21-000058
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2021-08-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000159597421000058/0001595974-21-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000159597421000058/mgni-20210826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595974-21-000058
- JSON: https://secwatch.observer/filing/0001595974-21-000058.json
- Plain text: https://secwatch.observer/filing/0001595974-21-000058.txt

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