Form 4: GoDaddy COO Roger Chen Reports Stock Grants and PSU Settlement

Roger Chen, GoDaddy's Chief Operating Officer, reported the acquisition of Class A Common Stock through restricted stock units and the settlement of performance share units.

Summary

• Roger Chen, the Chief Operating Officer of GoDaddy Inc., reported changes in his beneficial ownership of the company's Class A Common Stock.
• On February 28, 2025, Chen was granted 24,589 Restricted Stock Units (RSUs) which vest quarterly over 3 years beginning on June 1, 2025, contingent upon his continued service.
• On March 1, 2025, 51,728 shares of Class A Common Stock were issued to Chen upon the settlement of Performance Share Units (PSUs) that vested based on performance conditions from January 1, 2022, through December 31, 2024.
• Following these transactions, Chen directly owns 258,949 shares of GoDaddy's Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs suggests the company met certain performance targets, which is a positive sign. The grant of RSUs is a standard practice and doesn't necessarily indicate a significant shift in sentiment.

Positives

• The vesting of Performance Share Units indicates that performance goals were met during the period from January 1, 2022, to December 31, 2024.

Future Outlook

The vesting schedule of the RSUs indicates continued service is expected from the Reporting Person.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding management's stake in the company.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to align management's interests with those of shareholders.
• The vesting schedules and performance-based equity awards are typical components of executive compensation packages at companies like GoDaddy, similar to practices seen at peers such as Wix.com and Squarespace.

Stakeholder Impact

• Shareholders can gain insight into management's incentives and alignment with company performance.
• Employees may view the equity grants as a positive sign of company performance and stability.

Next Steps

• Continued monitoring of Roger Chen's equity holdings in GoDaddy.
• Tracking the vesting of the granted Restricted Stock Units (RSUs) over the next three years.

Key Dates