Form 4: Eventbrite Director Pilar Manchon Receives Stock Award in Lieu of Cash Compensation

Pilar Manchon, a director at Eventbrite, received 3,279 shares of Class A common stock on January 15, 2025, as compensation in lieu of cash payments for board and committee retainer fees.

Summary

• On January 15, 2025, Pilar Manchon, a director of Eventbrite, Inc., acquired 3,279 shares of Class A common stock.
• The shares were issued as compensation in lieu of cash payments for board and committee retainer fees, according to Eventbrite's Non-Employee Director Compensation Policy.
• Following the transaction, Manchon directly owns 67,703 shares of Eventbrite's Class A common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The director's compensation structure aligns with the company's Non-Employee Director Compensation Policy.

Industry Context

The practice of compensating board members with stock is common in the tech industry, aligning director interests with shareholder value.

Comparison to Industry Standards

• Many tech companies, such as Atlassian and Zoom, use a combination of cash and stock options to compensate their board members.
• The specific amount and structure of compensation vary based on company size, performance, and industry benchmarks.
• Eventbrite's approach of using stock in lieu of cash is a common method to conserve cash while incentivizing directors.

Stakeholder Impact

• The stock award to a director aligns their interests with those of shareholders.
• This type of compensation can help retain experienced board members.

Key Dates