Trade Desk, Inc. (TTD) Form 8-K — Sep 14, 2026
The Trade Desk granted CEO Jeff Green a performance-based stock option for up to 7,000,000 shares of Class A common stock on September 14, 2026, at an exercise price of $14.97 per share, the stock's closing price on the grant date. The option vests in seven tranches over a ten-year term only if the stock's average closing price over any 20-consecutive-trading-day period reaches targets running from $18.00 up to $105.00, with tranche sizes of 800,000 to 1,200,000 shares. Vesting also generally requires Green's continued service as CEO, and shares are subject to clawback in certain restatement scenarios.
Key figures
- Tranche shares
- ["1,200,000","1,200,000","1,200,000","1,000,000","800,000","800,000","800,000"]
- Option term years
- 10
- Vesting condition
- average closing price over any 20-consecutive-trading-day period must equal or exceed the applicable target
- Stock price targets
- ["18.00","30.00","45.00","60.00","75.00","90.00","105.00"]
- Exercise price per share
- 14.97
- Performance option shares
- 7000000
- Number of vesting tranches
- 7
AI analysis
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