leadership
confidence high
sentiment neutral
materiality 0.30
Okta expands board from 8 to 10; appoints David Schellhase and Maggie Wilderotter
Okta, Inc.
- Okta expands board from 8 to 10; appoints David Schellhase (independent) and Mary Agnes Wilderotter (non-independent) effective Aug 13, 2025.
- Schellhase serves as Class III director until 2026 annual meeting; Wilderotter as Class II until 2028 meeting.
- Schellhase joins Compensation and Nominating & Governance committees; Wilderotter joins Cybersecurity Risk and M&A committees.
- New directors receive standard compensation: $35k annual cash retainer and initial RSU grant of 5,826 shares vesting over three years.
- Wilderotter previously received $100k cash retainer and 4,935 RSUs ($400k value) for advisory services in FY2025; no reportable transactions with Schellhase.
item 5.02item 9.01