other material
confidence high
sentiment neutral
materiality 0.55
Trade Desk awards CEO Jeff Green $25M equity package in restricted stock and options
Trade Desk, Inc.
- Target equity value of $25.0M approved by board on April 24, 2023, upon compensation committee recommendation.
- Grant consists of 213,092 restricted shares (RSA) and a stock option for 345,113 shares of Class A common stock.
- RSA vests in equal quarterly installments over 4 years, starting August 15, 2023; option vests monthly over 4 years.
- Board cited Mr. Green's pivotal role in company success and retention value of prior market-based option in difficult market.
- Award granted under the 2016 Incentive Award Plan; Mr. Green abstained from the vote.