Form 4: GoDaddy Director Graham Smith Reports RSU Grant and Establishes SEC Filing Authority

GoDaddy Inc. Director Graham Smith reported the acquisition of 1,397 Restricted Stock Units (RSUs) and formalized a Power of Attorney for SEC filing purposes, aligning his interests with the company's future performance.

Summary

• GoDaddy Inc. Director Graham Smith reported the acquisition of 1,397 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for the RSU acquisition was June 4, 2025.
• These RSUs were granted at a price of $0 and will vest fully on the day immediately prior to the Issuer's next annual meeting of stockholders after the effective date of grant, contingent on Mr. Smith's continued service as a provider for GoDaddy.
• Following this transaction, Graham Smith beneficially owns 3,342 shares of Class A Common Stock.
• A Power of Attorney was executed by Graham Smith on March 31, 2025, appointing Fabiana Dixon, Marc Padwe, and Jessica Craig as attorneys-in-fact to manage his SEC filings (including Forms ID, 3, 4, 5, and 144) and EDGAR account administration.

Sentiment

Score: 6

Explanation: Slightly positive due to the alignment of director's interests with the company through RSU grants, which is a standard positive governance practice. No negative information was disclosed.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Graham Smith aligns his interests with long-term shareholder value creation, as vesting is contingent on continued service.
• The establishment of a Power of Attorney streamlines the process for timely and accurate SEC filings for the director, ensuring compliance.

Negatives

• The filing does not contain any negative information.

Risks

• The vesting of the 1,397 Restricted Stock Units (RSUs) is subject to the reporting person's continuing to be a Service Provider for the Issuer, meaning forfeiture could occur if service ceases before vesting.

Future Outlook

The 1,397 Restricted Stock Units (RSUs) granted to Director Graham Smith are set to vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders after the grant's effective date, provided Mr. Smith continues his service to the company.

Management Comments

• "Represents Restricted Stock Units (RSUs), which shall vest fully on the day immediately prior to the Issuer's next annual meeting of stockholders after the effective date of grant, subject to the Reporting Person's continuing to be a Service Provider for the Issuer. Upon vesting of these RSUs, the Reporting Person will receive shares of Class A Common Stock of the Issuer."

Industry Context

This filing represents a routine compensation event for a director of a publicly traded technology company, specifically in the domain and web services industry. Such RSU grants are a common practice to incentivize and retain key personnel, aligning their long-term interests with shareholder value.

Corporate Governance

Related Party Transactions

• The acquisition of 1,397 Restricted Stock Units (RSUs) by Director Graham Smith from GoDaddy Inc. represents a compensation transaction between a company and its director, which is a form of related party transaction.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially leading to more shareholder-friendly decisions.

Next Steps

• Vesting of 1,397 Restricted Stock Units (RSUs) on the day immediately prior to GoDaddy's next annual meeting of stockholders after the grant's effective date.

Key Dates

Keywords

GoDaddy, GDDY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Corporate Governance, Beneficial Ownership, Power of Attorney, EDGAR