Business Context and Reporting Period
Pinterest, Inc. filed a Form 8-K Current Report on August 5, 2026, regarding the appointment of a new executive officer. The report covers the period of the announcement and the effective date of the appointment.
Key Financial Metrics
This filing does not contain 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
The material change disclosed is the appointment of Renee Jewell as Chief Accounting Officer, effective August 26, 2026. Ms. Jewell joins from Airbnb Inc., where she served as Controller and CFO of Airbnb Payments Inc. since 2018 and 2020, respectively.
Management Commentary and Compensation
Management has outlined the following compensatory arrangements for Ms. Jewell:
- Base Salary: $450,000 annually.
- Sign-on Bonus: $225,000 cash, subject to continued service.
- Equity Award: Restricted stock units (RSUs) with an aggregate value of $2,550,000. Vesting schedule: 50% in year one, 33% in year two, and 17% in year three, subject to continued service.
- Annual Bonus: Target value of 50% of base salary, prorated for partial-year service.
The Company intends to enter into its standard form of indemnification agreement with Ms. Jewell. No family relationships or undisclosed arrangements exist between Ms. Jewell and Company directors or officers.
Investor Verification Checklist
- Verify the effective start date of August 26, 2026, for the Chief Accounting Officer role.
- Confirm the vesting schedule and total value of the $2,550,000 RSU award.
- Review the standard indemnification agreement referenced as Exhibit 10.1 to the November 4, 2025, Form 10-Q.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.