Business Context and Reporting Period
This Form 8-K filing by Trade Desk, Inc. (TTD) reports a corporate governance event dated May 24, 2026. The filing details the Board of Directors' approval of compensatory arrangements for Samantha Jacobson following her transition from an officer and employee to a non-employee director.
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 director compensation terms.
Material Changes
The primary material change reported is the appointment of Samantha Jacobson to the Board of Directors and the establishment of her compensation package effective May 18, 2026, coinciding with her resignation as an officer and employee.
Management Commentary and Compensation Details
The Board approved Ms. Jacobson's participation in the non-employee director compensation program with the following terms:
- Annual Cash Compensation: $50,000 for Board service.
- Annual Equity Grant: $290,000, prorated from May 18, 2026, to the next annual meeting of stockholders.
- Equity Form: Ms. Jacobson may elect to receive the grant as restricted stock, restricted stock units, stock options, or a mix of one-half restricted stock/units and one-half options.
- Vesting Schedule: The equity grant will vest in full on the date of the Company's next annual meeting of stockholders.
Investor Verification Checklist
- Verify the exact date of the next annual meeting of stockholders to determine the vesting date for the equity grant.
- Confirm the specific form of equity (restricted stock, RSUs, or options) Ms. Jacobson elects to receive.
- Review the Company's 2025 Incentive Award Plan to understand the broader context of the equity grant.
- Check for any subsequent filings regarding Ms. Jacobson's official start date as a director.