4/A: Atlassian Director Christian Smith Receives Amended Stock Award

Director Christian Smith receives an amended award of 1,125 Class A Common Stock restricted stock units from Atlassian Corporation.

Summary

• Christian Smith, a director of Atlassian Corp, received an award of 1,125 restricted stock units (RSUs) of Class A Common Stock on January 2, 2025.
• This Form 4/A is an amendment to a previous filing on January 6, 2025, correcting the transaction date and the number of securities granted.
• The RSUs were granted under the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan.
• Each RSU represents the right to receive one share of Atlassian Class A common stock upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The director's holdings in the company have increased.

Future Outlook

The restricted stock units will vest in accordance with the terms of the underlying award.

Industry Context

Stock awards to directors are a common practice in publicly traded companies to align their interests with those of shareholders.

Comparison to Industry Standards

• Stock awards are a typical component of executive compensation packages in the tech industry, often used by companies like Atlassian, similar to practices at companies such as Salesforce, Adobe, and ServiceNow, to incentivize long-term performance and retention.
• The size of the award can vary significantly based on the company's performance, the director's role, and overall compensation strategy.

Stakeholder Impact

• The stock award aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates