Digital Turbine, Inc. current report, 01 September 2026

Full document

Business Context and Reporting Period

Company: Digital Turbine, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 1, 2026
Event: Approval and grant of Fiscal Year 2027 Long-Term Incentive (LTI) Awards to Named Executive Officers (NEOs) under the 2020 Equity Incentive Plan.

Key Financial Metrics

The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses exclusively on executive compensation arrangements.

Material Changes and Compensation Details

On September 1, 2026, the Board and Compensation Committee approved FY2027 LTI Awards with a grant date of September 2, 2026. The awards are split 50% Performance-Based Restricted Stock Units (PSUs) and 50% Time-Based Restricted Stock Units (RSUs).

  • Recipients: William Stone (CEO), Michael Akkerman (CBO), Joshua Kinsell (Interim CFO/CAO), and Benneaser John (CTO).
  • PSU Allocation (Target Shares):
    • William Stone: 204,498 shares
    • Michael Akkerman: 76,687 shares
    • Joshua Kinsell: 51,124 shares
    • Benneaser John: 51,124 shares
  • RSU Allocation (Shares): Identical share counts to PSUs for each respective executive.

Performance Conditions and Vesting

PSU Performance Goals: Vesting is based on four equally weighted goals (25% each):

  1. Adjusted EBITDA for FY2028 (assessed June 15, 2028).
  2. Adjusted EBITDA for FY2029 (assessed June 15, 2029).
  3. Relative Total Shareholder Return (TSR) vs. S&P Software & Services Select Industry Index (Grant date to June 15, 2028).
  4. Relative TSR vs. Peer Index (Grant date to June 15, 2029).
Vesting ranges from 50% (threshold) to 150% (maximum), with linear interpolation for intermediate results. All earned shares vest upon certification on June 15, 2029, contingent on continued employment.

RSU Vesting Schedule: One-third vests on the first anniversary of the grant date; the remainder vests in equal monthly installments through June 15, 2029, subject to continued employment.

Investor Verification Checklist

  • Verify the specific Adjusted EBITDA targets for FY2028 and FY2029 to assess the difficulty of the performance hurdles.
  • Review the composition of the S&P Software & Services Select Industry Index to understand the Relative TSR benchmark.
  • Confirm the total number of shares authorized under the 2020 Equity Incentive Plan to evaluate potential dilution.
  • Monitor the company's interim financial reports to track progress toward the FY2028 EBITDA goal.