Okta (OKTA) CRO earns new performance share awards and RSU vesting rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. reported that Chief Revenue Officer Jonathan James Addison acquired rights to additional Class A common shares through performance-based equity awards. On February 25, 2026, the compensation committee certified that 5,810 shares and 12,319 shares were earned under prior Performance Stock Unit (PSU) grants, reflecting achievement of specified performance criteria. These earned PSUs are scheduled to vest on March 15, 2026, provided he continues to satisfy the service-based vesting condition.
The filing also shows multiple Restricted Stock Unit (RSU) awards, each RSU representing one share of Class A common stock. Portions of these RSUs vest in quarterly installments (for example, 6.25% or 8.33% initially, with the remainder in equal quarterly tranches), contingent on Addison’s continued employment with Okta.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Addison Jonathan James
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,810 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 12,319 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 19,015 shares (Direct);
Restricted Stock Units — 849 shares (Direct)
Footnotes (1)
- On March 29, 2024, 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 5,810 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. Includes 5,810 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock. 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 12,319 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. Includes 18,129 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. 6.25% of the shares underlying the RSU vested on June 15, 2022, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. 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. 8.33% of the shares underlying the RSU vested on March 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. 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. 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.
FAQ
What equity awards did Okta (OKTA) Chief Revenue Officer Jonathan James Addison receive?
Jonathan James Addison earned additional performance-based equity awards. The compensation committee certified 5,810 and 12,319 shares under prior Performance Stock Unit grants, which may convert into Class A common stock if related service-based vesting conditions are satisfied on March 15, 2026.
When do Jonathan James Addison’s newly earned Okta (OKTA) PSUs vest?
The earned Performance Stock Units are scheduled to vest on March 15, 2026. Vesting requires that Addison continue to meet service-based employment conditions with Okta through that date, in addition to the already-achieved performance criteria described in the award footnotes.
What are the vesting conditions on Jonathan James Addison’s Okta (OKTA) RSUs?
Addison’s Restricted Stock Units vest in quarterly installments tied to continued employment. Some grants vest 6.25% or 8.33% on an initial date such as June 15 or March 15, with the remaining shares vesting in equal quarterly installments over subsequent periods.
What does each Okta (OKTA) PSU or RSU represent for Jonathan James Addison?
Each Performance Stock Unit and Restricted Stock Unit represents a right to receive one share of Okta Class A common stock. Conversion into actual shares depends on meeting performance criteria for PSUs and satisfying ongoing service-based vesting conditions for both PSUs and RSUs.