secwatch.observer — SEC 8-K summary
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Issuer:     GoDaddy Inc. (GDDY)
CIK:        0001609711
Form:       8-K/A
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001609711-22-000011
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoDaddy amends 8-K to disclose COO Roger Chen's employment contract with $500K salary, $4M equity
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- Roger Chen appointed COO effective Jan 3, 2022; employment contract dated Jan 24, 2022 provides $500,000 annual base salary.
- Target annual incentive bonus is 80% of base salary ($400,000) under the Company's MBO bonus plan.
- Equity grant with aggregate target value of $4,000,000: 50% time-based RSUs vesting 25% after one year then quarterly; 50% performance-based PRSUs on relative TSR.
- Eligible for annual focal equity award starting 2023, subject to Compensation Committee approval.
- Also entered into change in control and severance agreement on standard form.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609711/000160971122000011/0001609711-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609711/000160971122000011/gddy-20220103.htm
  HTML page:      https://secwatch.observer/filing/0001609711-22-000011

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