Coinbase appoints Shopify CEO Tobi Lütke to board; approves up to $5.1M in CEO security expenses

Coinbase Global, Inc.

Tobi Lütke appointed to board effective Feb 2, 2022; receives 1,867 RSUs vesting over 3 years and 522 pro-rated RSUs.
Compensation Committee approved up to $4.0M annually for CEO Brian Armstrong's personal security and IT support, plus tax gross-ups.
One-time payment of up to $1.1M approved for 2022 for CEO security and IT improvements, with tax gross-ups.
Lütke uses Coinbase platform as a customer in ordinary course; no other material interests.

item 5.02

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Appointed

Tobi Lütke

Director

COIN · Coinbase Global, Inc.

Effective: 2022-02-02
Filed: February 3, 2022, 6:59 PM ET

On February 2, 2022, the Board of Directors (the “Board”) of Coinbase Global, Inc. (the “Company”), following a recommendation from the Nominating and Corporate Governance Committee of the Board, appointed Tobi Lütke to serve as a director of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tobi Lütke was appointed as Director at Coinbase Global, Inc..

Action: appointed
Role: Director

Exact text from the filing

On February 2, 2022, the Board of Directors (the “Board”) of Coinbase Global, Inc. (the “Company”), following a recommendation from the Nominating and Corporate Governance Committee of the Board, appointed Tobi Lütke to serve as a director of the Company, effective immediately.

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Coinbase Global, Inc. filing history →

Source: SEC EDGAR

accession 0001679788-22-000004

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