Datadog adds director, raises RSU grant to $600K
Datadog, Inc. reported that its Board of Directors increased its size from ten to eleven members and appointed Dominic Phillips as a Class II director.
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Rhea-AI Filing Summary
Datadog, Inc. reported that its Board of Directors increased its size from ten to eleven members and appointed Dominic Phillips as a Class II director. His term runs until the 2027 Annual Meeting of Stockholders, and he is not currently expected to serve on any board committee.
There are no arrangements, understandings, or family relationships connected to his selection, and he has no material interest in related-party transactions under Item 404(a) of Regulation S-K. As an inducement to join the Board, his initial restricted stock unit grant under the Non-Employee Director Compensation Policy was increased from $400,000 to $600,000, vesting in three equal annual installments, subject to continued service.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board change did Datadog (DDOG) announce in this 8-K?
Who is the new director appointed to Datadog (DDOG)’s board?
How will Datadog (DDOG) compensate new director Dominic Phillips?
Why did Datadog (DDOG) increase Dominic Phillips’s initial equity grant?
What is the size of Dominic Phillips’s Datadog (DDOG) RSU grant?
How do Dominic Phillips’s Datadog (DDOG) RSUs vest over time?
AI-generated analysis. How Rhea-AI works. Not financial advice.