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Datadog (NASDAQ: DDOG) appoints new director with $600K RSU package

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(Moderate)
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(Neutral)
Form Type
8-K

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.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Understanding 8-K Material Events →
0001561550false00015615502026-02-262026-02-26

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 26, 2026

Datadog, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware
 
001-39051
 
27-2825503
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
620 8th Avenue, 45th Floor
New York, New York 10018
(Address of principal executive offices, including zip code)
(866) 329-4466
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Class A Common Stock, par value $0.00001 per share
DDOG
The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 26, 2026 the Board of Directors (the “Board”) of Datadog, Inc. (the “Company”) increased the size of the Board from ten to eleven members and appointed Dominic Phillips as a Class II director of the Company to fill the resulting vacancy. Mr. Phillips's term will expire at the Company’s Annual Meeting of Stockholders to be held in 2027. Mr. Phillips has not been, and is not currently expected to be, named to any committee of the Board at this time.
There is no arrangement or understanding between Mr. Phillips and any other person pursuant to which he was selected as a director, and there is no family relationship between Mr. Phillips and any of the Company’s other directors or executive officers. Mr. Phillips has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Phillips will receive compensation pursuant to our Amended and Restated Non-Employee Director Compensation Policy (“Director Compensation Policy”), as described in the “Non-Employee Director Compensation Policy” section of the Company’s definitive proxy statement for the 2025 Annual Meeting of Stockholders filed with the U.S. Securities and Exchange Commission on April 18, 2025. As an inducement for Mr. Phillips to join our Board in a highly competitive market, in recognition of his extensive professional experience and expected contributions to the Company, and in order to further align his interests with those of our stockholders, the Board increased the amount of the initial grant of restricted stock units payable to Mr. Phillips under the Director Compensation Policy upon his appointment from $400,000 to $600,000. Mr. Phillips's initial grant covers the number of shares of our Class A common stock equal to (A) $600,000 divided by (B) the closing sales price per share of our Class A common stock on the grant date, and will vest in three equal annual installments over the three-year period following the grant date, subject to continuous service through each applicable vesting date.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Datadog, Inc.
Date: March 2, 2026
By:
/s/ Kerry Acocella
Kerry Acocella
General Counsel and Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What board change did Datadog (DDOG) announce in this 8-K?

Datadog announced that its Board of Directors increased in size from ten to eleven members. The company simultaneously appointed Dominic Phillips as a Class II director, with his term scheduled to run until the 2027 Annual Meeting of Stockholders.

Who is the new director appointed to Datadog (DDOG)’s board?

Datadog appointed Dominic Phillips as a Class II director. His board term will expire at the 2027 Annual Meeting of Stockholders, and he is not currently expected to serve on any board committee according to the disclosed information.

How will Datadog (DDOG) compensate new director Dominic Phillips?

Dominic Phillips will receive compensation under Datadog’s Amended and Restated Non-Employee Director Compensation Policy. This includes an initial restricted stock unit grant based on the company’s Class A common stock, in line with the policy terms described in the 2025 proxy statement.

Why did Datadog (DDOG) increase Dominic Phillips’s initial equity grant?

The Board increased his initial restricted stock unit grant as an inducement to join in a highly competitive market. It cited his extensive professional experience, expected contributions to the company, and a desire to further align his interests with those of stockholders.

What is the size of Dominic Phillips’s Datadog (DDOG) RSU grant?

The Board raised his initial restricted stock unit grant amount from $400,000 to $600,000. The award equals $600,000 divided by the closing price of Datadog Class A common stock on the grant date and vests in three equal annual installments.

How do Dominic Phillips’s Datadog (DDOG) RSUs vest over time?

His initial restricted stock unit grant vests in three equal annual installments. Vesting occurs over the three-year period following the grant date, and each installment is contingent on his continuous service through the applicable vesting date.

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