Routine plan amendment with no immediate financial or governance signal. Monitor next 10-Q for the full plan text, but no stock-moving catalyst expected.
Price Chart
Executive Summary
Pinterest amended its Severance and Change in Control Plan for Level 21 employees, adding pro-rated bonus entitlements for non-CIC terminations and enhanced bonus provisions for CIC-related terminations, along with single-trigger equity acceleration and a revised 'good reason' definition. This is a routine compensatory arrangement with no officer/director changes or financial impact.
Key Facts
- Plan amended effective September 30, 2026, for Level 21 employees
- Non-CIC termination without cause: pro-rated target annual bonus added
- CIC termination without cause/for good reason: bonus = greater of target or actual performance-based bonus
- Single-trigger equity acceleration only if awards not assumed/substituted/continued/replaced
- Good reason definition revised: >10% reduction in target annual bonus qualifies
- No officer/director departures or appointments reported
Financial Impact
No financial figures disclosed; plan covers unspecified Level 21 employees with no dollar amounts provided
Risk Factors
- No material risk identified from this filing
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001506293-26-000136 |
| Document: 0001506293-26-000136-index-headers.html | 0001506293-26-000136 |
| Document: 0001506293-26-000136-index.html | 0001506293-26-000136 |
| Document: 0001506293-26-000136.txt | 0001506293-26-000136 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $22.32 | awaiting T+20 | — | $20.58 (−7.80%) |
Oct 21, 2026 6d ago | Insider Cluster | $22.93 | awaiting T+20 | — | $20.58 (−10.25%) |
Oct 21, 2026 6d ago | Insider Cluster | $22.93 | awaiting T+20 | — | $20.58 (+10.25%) |
Oct 20, 2026 7d ago | 144 | $22.95 | awaiting T+20 | — | $20.58 (−10.33%) |
Oct 15, 2026 12d ago | 8-K | $21.91 | awaiting T+20 | — | $20.58 (−6.07%) |
Oct 14, 2026 13d ago | 144 | $22.71 | awaiting T+20 | — | $20.58 (−9.38%) |
Oct 13, 2026 14d ago | 144 | $21.76 | awaiting T+20 | — | $20.58 (−5.42%) |
Oct 7, 2026 20d ago | 144 | $20.53 | awaiting T+20 | — | $20.58 (+0.24%) |
Oct 6, 2026 21d ago | 144 | $20.31 | awaiting T+20 | — | $20.58 (+1.33%) |
Oct 6, 2026 21d ago | 144 | $20.31 | awaiting T+20 | — | $20.58 (+1.33%) |
US Market Status
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