Form 4: DigitalOcean Executive Receives Stock Units

Cherie Barrett, SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc., was granted 11,904 restricted stock units (RSUs) on March 26, 2025.

Summary

• Cherie Barrett, the SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc., received 11,904 restricted stock units (RSUs) on March 26, 2025.
• These RSUs represent a contingent right to receive one share of DigitalOcean common stock per unit.
• The RSUs vest in 16 equal quarterly installments starting on June 1, 2025, contingent upon Barrett's continuous service with the company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and indicates confidence in the executive and the company's future.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The vesting schedule of the RSUs extends over four years, indicating a long-term commitment expected from the executive.

Industry Context

Granting stock options and RSUs is a common practice in the tech industry to attract and retain key talent, aligning their interests with the company's long-term performance.

Comparison to Industry Standards

• Companies like Amazon, Google, and Microsoft also use RSUs as part of their compensation packages for executives.
• The vesting schedule of 16 quarterly installments is a fairly standard practice, similar to what other tech companies employ.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive compensation with company performance.
• Employees may see this as a positive sign of the company investing in its leadership.

Key Dates

Keywords

DigitalOcean, RSUs, Restricted Stock Units, Cherie Barrett, Executive Compensation, Form 4, DOCN