secwatch.observer — SEC 8-K summary
======================================

Issuer:     Toast, Inc. (TOST)
CIK:        0001650164
Form:       8-K
Filed at:   2026-01-15T23:59:59+00:00
Accession:  0001650164-26-000024
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Toast names Rossana Niola CAO; compensation includes $400k salary, $3M in equity awards
--------------------------------------------------------------------------------

- Rossana Niola appointed CAO (effective Jan 26) and principal accounting officer (effective Mar 2).
- Prior role: Assistant Corporate Controller at Mastercard (June 2012 – Jan 2026).
- Total compensation: $400k base salary, $175k sign-on bonus, 40% target bonus, $3M in equity (RSUs + options).
- Equity vests over 4 years with 12.5% at 6 months, then quarterly for remaining 3.5 years.
- Elena Gomez ceases as interim CAO, continues as President and CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650164/000165016426000024/0001650164-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650164/000165016426000024/tost-20260115.htm
  HTML page:      https://secwatch.observer/filing/0001650164-26-000024

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