secwatch.observer — SEC 8-K summary
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Issuer:     Trade Desk, Inc. (TTD)
CIK:        0001671933
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001671933-23-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Trade Desk awards CEO Jeff Green $25M equity package in restricted stock and options
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671933/000167193323000026/0001671933-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671933/000167193323000026/ttd-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001671933-23-000026

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