Cynthia Paul joins Yext (NYSE: YEXT) board with $350,000 RSU grant
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Yext, Inc. expanded its board of directors from seven to eight members and elected Cynthia Paul as a Class I director, with her term expiring at the 2027 annual stockholders’ meeting. Paul is an experienced investment manager and former director at several technology companies.
Under Yext’s outside director compensation policy, she received an initial grant of 89,058 restricted stock units valued at $350,000, vesting in equal annual installments over three years, and will be eligible for ongoing cash and equity compensation and expense reimbursement like other non-employee directors.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Board size: 8 directors
Initial RSU grant value: $350,000
Initial RSU grant units: 89,058 restricted stock units
+3 more
6 metrics
Board size
8 directors
Increased from seven on July 7, 2026
Initial RSU grant value
$350,000
Initial equity award to Cynthia Paul at time of grant
Initial RSU grant units
89,058 restricted stock units
Granted to Cynthia Paul under 2016 Equity Incentive Plan
Annual director equity award
$175,000
Value of recurring restricted stock or RSU grant for outside directors
Director term end
2027 annual meeting
Expiration of Cynthia Paul’s Class I director term
Director age
54 years
Age of Cynthia Paul at time of appointment
Key Terms
restricted stock units, 2016 Equity Incentive Plan, non-employee director, indemnification agreement, +1 more
5 terms
restricted stock units financial
"she has been awarded an initial grant of restricted stock units having a value"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2016 Equity Incentive Plan financial
"equity awards under the Company’s 2016 Equity Incentive Plan, as amended, restated and extended"
non-employee director financial
"provided the non-employee director has served on the Company’s Board of Directors"
indemnification agreement regulatory
"Ms. Paul entered into the Company’s standard indemnification agreement for directors and officers"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Class I member of the Board regulatory
"elected Cynthia Paul as a Class I member of the Board to fill the vacancy"
FAQ
What board change did Yext (YEXT) announce on July 7, 2026?
Yext expanded its board from seven to eight directors and elected Cynthia Paul as a Class I director. Her term runs until the 2027 annual stockholders’ meeting, strengthening the company’s board with additional investment and technology governance experience.
Who is Cynthia Paul, the new Yext (YEXT) board member?
Cynthia Paul is Chief Investment Officer and CEO of Lynrock Lake LP, an investment firm she founded in 2018. She previously worked at Soros Fund Management and has served on the boards of Allot, ON24, and DSP Group, bringing substantial capital markets expertise.
What compensation will Cynthia Paul receive as a Yext (YEXT) director?
Cynthia Paul will receive standard outside director compensation, including an annual cash retainer and potential committee retainers. She also received equity awards under Yext’s 2016 Equity Incentive Plan and may elect to take cash retainers in equity instead of cash payments.
What initial equity grant did Yext (YEXT) give to Cynthia Paul?
In connection with her election, Cynthia Paul received an initial grant of 89,058 restricted stock units valued at $350,000. These RSUs vest in approximately equal annual installments over three years, contingent on her continued service on Yext’s board of directors.
How are ongoing equity awards structured for Yext (YEXT) outside directors?
Outside directors are eligible for an annual grant of restricted stock or RSUs valued at $175,000. This award vests 100% on the one-year anniversary of the grant date or upon a change of control, with the board retaining discretion to accelerate or modify vesting.