Robinhood (NASDAQ: HOOD) details $18M RSU package for new CFO Shiv Verma

Rhea-AI Filing Summary

Robinhood Markets, Inc. reports updated details of its principal financial officer transition. The Board previously appointed Shiv Verma as Chief Financial Officer effective as of the close of business on February 6, 2026.

On March 18, 2026, the People and Compensation Committee set Mr. Verma’s annual base salary at $600,000 and his annual bonus target at 75% of base salary. On March 19, 2026, the Board approved a promotion grant of restricted stock units with a grant date target value of approximately $18 million, vesting over four years. He is also eligible for benefits consistent with other similarly situated executive officers.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 8-K/A

(Amendment No. 1)

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 6, 2026

Robinhood Markets, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-40691

46-4364776

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

85 Willow Road

Menlo Park, CA 94025

(Address of principal executive offices) (Zip Code)

(844) 428-5411

(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, $0.0001 par value per share			HOOD			The Nasdaq Stock Market LLC

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.

Principal Financial Officer / Principal Accounting Officer Transition

As previously disclosed in a Current Report on Form 8-K filed on February 10, 2026, the Board of Directors (the “Board”) of Robinhood Markets, Inc. (the “Company”) appointed Shiv Verma to be its Chief Financial Officer (“CFO”), effective as of the close of business on February 6, 2026.

In connection with his assumption of the CFO role, on March 18, 2026, the People and Compensation Committee of the Board determined that Mr. Verma’s base salary will be $600,000 per year and his annual bonus target will be 75% of base salary, and on March 19, 2026, the Board determined that Mr. Verma will receive a promotion grant of restricted stock units with a grant date target value equal to approximately $18 million, with such restricted stock units vesting over a four year period. Mr. Verma is also eligible for benefits consistent with those provided to other similarly situated executive officers.

SIGNATURE

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

						Robinhood Markets, Inc.
Date:			March 24, 2026			By:			/s/ Vladimir Tenev
									Name: Vladimir Tenev
									Title: Chief Executive Officer

FAQ

What executive change does Robinhood (HOOD) describe in this 8-K/A amendment?

Robinhood describes its earlier decision to appoint Shiv Verma as Chief Financial Officer, effective as of the close of business on February 6, 2026. The amendment focuses on finalizing his compensation terms rather than changing the original appointment.

What is the new CFO Shiv Verma’s base salary at Robinhood (HOOD)?

Shiv Verma’s base salary as Chief Financial Officer is set at $600,000 per year. This figure was determined by the People and Compensation Committee of the Board on March 18, 2026 as part of his overall executive compensation package.

What bonus opportunity will Robinhood (HOOD) CFO Shiv Verma have?

Shiv Verma’s annual bonus target is 75% of his $600,000 base salary. This target bonus opportunity was approved by the People and Compensation Committee on March 18, 2026 as part of his compensation terms for serving as Chief Financial Officer.

What equity award is Robinhood (HOOD) granting to CFO Shiv Verma?

The Board approved a promotion grant of restricted stock units for Shiv Verma with a grant date target value of approximately $18 million. These restricted stock units are scheduled to vest over a four-year period, aligning his compensation with long-term performance.

When did Robinhood’s Board approve CFO Shiv Verma’s equity grant?

Robinhood’s Board approved Shiv Verma’s promotion grant of restricted stock units on March 19, 2026. This grant, with an approximate target value of $18 million, complements his previously set salary and bonus structure as Chief Financial Officer.

Are Robinhood (HOOD) CFO benefits aligned with other executives?

Yes. Shiv Verma is eligible for benefits consistent with those provided to other similarly situated executive officers. This means his health, retirement, and other benefit programs are generally aligned with Robinhood’s broader senior leadership compensation framework.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB