President Kevin Weil resigns effective May 6, 2024; enters advisory agreement with modified equity vesting

Planet Labs PBC

Weil will provide advisory services for one year post-resignation under an Advisory Agreement.
Unvested equity tranches adjusted: 25% continue vesting (Continuing Awards), 75% forfeited.
Continuing Awards accelerate fully if terminated without cause or for good reason during change-in-control period.
Weil also joined Planet Labs Federal board; receives $100K RSU award vesting quarterly over one year.
Advisory term may be extended by mutual agreement; company-paid health coverage for up to six months.

item 5.02

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Departed

Kevin Weil

President, Product & Business

PL · Planet Labs PBC

Effective: 2024-05-06
Filed: May 9, 2024, 7:59 PM ET

As previously disclosed in a Current Report on Form 8-K filed by Planet Labs PBC (the “ Company ”) on March 28, 2024, on March 25, 2024, Kevin Weil, the Company’s President, Product & Business, informed the Company of his intention to resign from his role, effective May 6, 2024 (the “ Transition Date ”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Weil resigned as President, Product & Business at Planet Labs PBC.

Action: resigned
Role: President, Product & Business

Exact text from the filing

As previously disclosed in a Current Report on Form 8-K filed by Planet Labs PBC (the “ Company ”) on March 28, 2024, on March 25, 2024, Kevin Weil, the Company’s President, Product & Business, informed the Company of his intention to resign from his role, effective May 6, 2024 (the “ Transition Date ”).

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Planet Labs PBC filing history →

Source: SEC EDGAR

accession 0001836833-24-000051

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