SentinelOne, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SentinelOne, Inc. on March 19, 2026. The filing discloses a significant executive leadership change involving the appointment of a new President and Chief Operating Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and appointment details.
Material Changes
On March 19, 2026, the Board of Directors appointed Barry Padgett as President and Chief Operating Officer, effective March 24, 2026. Mr. Padgett will cease serving as Chief Growth Officer upon this transition. He previously served as interim Chief Financial Officer from January 2026 to March 2026.
Compensation and Management Commentary
In connection with the appointment, the Compensation Committee approved the following terms for Mr. Padgett:
- Base Salary: $600,000 annually.
- Cash Bonus: Target annual opportunity of 100% of base salary.
- Equity Award: An aggregate target value of $10.0 million in Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), granted on April 15, 2026.
- Equity Structure: 50% RSUs and 50% PSUs.
- RSU Vesting: 1/16th vests on August 5, 2026, with subsequent monthly vesting thereafter, contingent on continuous service.
- PSU Vesting: Based on performance metrics for fiscal years ending January 31, 2027 through January 31, 2030.
Mr. Padgett has also entered into the Company's standard Executive Change in Control and Severance Agreement.
Investor Verification Checklist
- Verify the exact number of shares granted for the RSU and PSU awards once the trailing 30-day average stock price is calculated on the grant date (April 15, 2026).
- Review the specific performance metrics to be approved by the Committee for the PSUs covering fiscal years 2027 through 2030.
- Confirm the terms of the Executive Change in Control and Severance Agreement referenced in prior filings (Form 10-Q filed December 4, 2024, and Form S-1 filed June 3, 2021).
- Monitor the transition of duties from the Chief Growth Officer role to the President and COO role effective March 24, 2026.