Form 4: GoDaddy COO Roger Chen Boosts Stake with RSU, PSU Vesting

GoDaddy's Chief Operating Officer, Roger Chen, increased his direct beneficial ownership of Class A Common Stock through the vesting of Restricted Stock Units and settlement of Performance Share Units.

Summary

• Roger Chen, Chief Operating Officer of GoDaddy Inc. (GDDY), acquired a total of 66,000 shares of Class A Common Stock on March 3, 2026.
• This acquisition includes 32,219 shares from a grant of Restricted Stock Units (RSUs) and 33,781 shares from the settlement of Performance Share Units (PSUs).
• The RSU grant vests quarterly over three years, commencing on June 1, 2026, contingent on continued service.
• The PSUs, granted on February 24, 2023, vested on March 3, 2026, based on performance achievement for the period January 1, 2023, through December 31, 2025, and satisfaction of service conditions.
• Following these transactions, Roger Chen's direct beneficial ownership of Class A Common Stock increased to 317,949 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. While a routine compensation event, the increase in direct beneficial ownership by a key executive and the successful achievement of performance targets for the PSUs demonstrate continued alignment and operational success.

Positives

• Increased insider ownership by a key executive (Chief Operating Officer) signals confidence in the company's future prospects.
• The vesting of Performance Share Units indicates that GoDaddy met specific performance conditions over the 2023-2025 period, reflecting successful operational execution.

Future Outlook

The filing indicates future vesting of Restricted Stock Units (RSUs) for Roger Chen, which will occur quarterly over three years starting June 1, 2026, subject to his continued service as a Service Provider for GoDaddy Inc.

Industry Context

StockSavvy.ai notes that insider acquisitions, particularly through equity compensation vesting, are common in the technology sector. This transaction reflects a standard component of executive compensation packages designed to align management incentives with shareholder interests. The successful vesting of performance-based units suggests GoDaddy's operational performance met predefined targets, which is generally viewed positively within the web services and domain registration industry.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through greater equity ownership.
• Employees: The successful vesting of performance-based units may signal a positive internal outlook on company performance and goal achievement.

Next Steps

• Quarterly vesting of 32,219 Restricted Stock Units (RSUs) over three years, beginning June 1, 2026, subject to Roger Chen's continued service.

Key Dates

Keywords

GoDaddy, GDDY, Roger Chen, Insider Trading, Form 4, Restricted Stock Units, Performance Share Units, Executive Compensation, Stock Ownership