Okta CEO earns new performance stock unit awards
Okta, Inc. Chief Executive Officer and director Todd McKinnon reported the earning of three performance-based equity awards in the form of Class A Common Stock on February 25, 2026.
Rhea-AI Filing Summary
Okta, Inc. Chief Executive Officer and director Todd McKinnon reported the earning of three performance-based equity awards in the form of Class A Common Stock on February 25, 2026. He acquired 119,298, 30,212, and 44,350 Class A shares at a reported price of $0.00 per share, reflecting Performance Stock Units that met their performance goals.
According to the footnotes, these shares will actually vest on March 15, 2026, provided that service-based vesting conditions are satisfied. The filing also lists existing indirect holdings of Class B Common Stock held by trusts and various Restricted Stock Unit and stock option positions, with options described as fully vested and exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 193,860 shares
Grant/Award
12 txns
Insider
McKinnon Todd
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 119,298 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 30,212 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 44,350 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 193,860 shares (Direct);
Class B Common Stock — 6,512,134 contracts (Indirect, By Trust);
Restricted Stock Units — 102,210 contracts (Direct);
Employee Stock Option (Right to Buy) — 271,624 contracts (Direct)
Footnotes (12)
- F1. On March 21, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 119,298 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026.
- F2. Includes 119,298 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
- F3. On March 29, 2024, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 30,212 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026.
- F4. Includes 149,510 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
- F5. On March 30, 2025, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 44,350 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026.
- F6. Includes 193,860 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
- F7. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- F8. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F9. 8.33% of the shares underlying the RSU vested on June 15, 2023, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- F10. 8.33% of the shares underlying the RSU vested on June 15, 2024, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- F11. 8.33% of the shares underlying the RSU vested on June 15, 2025, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- F12. The shares subject to the option are fully vested and exercisable by the Reporting Person.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Okta (OKTA) CEO Todd McKinnon report in this Form 4?
Todd McKinnon reported earning three performance-based equity awards in Okta Class A Common Stock. These came from Performance Stock Units that met performance criteria, resulting in 119,298, 30,212, and 44,350 shares, subject to future service-based vesting on March 15, 2026.
What vesting conditions apply to Todd McKinnon’s newly earned Okta PSUs?
The Performance Stock Units first had to meet specified performance criteria, which the compensation committee determined were achieved on February 25, 2026. The resulting Class A shares will then vest only if service-based conditions are satisfied on March 15, 2026.
What other Okta equity holdings are disclosed for Todd McKinnon?
The filing lists indirect holdings of Okta Class B Common Stock held by trusts, as well as direct holdings of Restricted Stock Units and Employee Stock Options. A footnote states that the shares subject to the reported stock option are fully vested and exercisable by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
