MongoDB grants interim CEO Ittycheria $15M RSUs and $1M cash; CFO Berry gets $10M retention award

MongoDB, Inc.

Interim President and CEO Dev Ittycheria receives a $500,000 base salary, a one-time $500,000 sign-on bonus, and a 70% target bonus ($350,000) prorated for fiscal 2027-2028.
Ittycheria's $15,000,000 RSU grant vests in four equal quarterly installments on January 1, April 1, July 1 and October 1, 2027, fully vested October 1, 2027.
CFO Michael Berry received a one-time $10,000,000 retention RSU award vesting in three equal installments on April 1, 2027, October 1, 2027 and April 1, 2028.
Severance terms: 12 months of base salary plus up to 18 months of COBRA; a change-in-control termination adds 12 months target bonus and full equity acceleration.
Ittycheria agreed to serve at least 12 months after a new CEO starts, not ending before April 1, 2028; the deal replaces his October 29, 2025 advisory agreement, and he takes no extra Board pay.

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