Form 4: GoDaddy Director Leah Sweet Granted 1,397 Restricted Stock Units

GoDaddy Inc. Director Leah Sweet was granted 1,397 Restricted Stock Units (RSUs) on June 4, 2025, increasing her direct beneficial ownership to 12,714 shares of Class A Common Stock.

Summary

• Leah Sweet, a Director of GoDaddy Inc. (GDDY), acquired 1,397 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 4, 2025.
• The RSUs were granted at a price of $0, indicating they are compensation rather than a purchase.
• These RSUs are set to vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders after the effective date of the grant, contingent on Ms. Sweet's continued service as a provider for the Issuer.
• Upon vesting, Ms. Sweet will receive actual shares of Class A Common Stock.
• Following this transaction, Leah Sweet's direct beneficial ownership in GoDaddy Inc. stands at 12,714 shares.
• A Power of Attorney, signed by Leah Sweet on March 31, 2025, authorizes specific individuals (Fabiana Dixon, Marc Padwe, Jessica Craig) to handle her SEC filings, including Forms ID, 3, 4, 5, and 144.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects a routine equity grant to a director, aligning their interests with shareholders. It's not highly impactful but indicates ongoing compensation and retention.

Positives

• The grant of Restricted Stock Units aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• The RSU grant serves as a form of compensation and retention for a key director, indicating continued commitment to the company.

Negatives

• The RSUs do not represent an immediate cash transaction for the director.
• The vesting of the RSUs is subject to a future condition (continued service), meaning the shares are not immediately owned outright.

Risks

• The RSUs are subject to forfeiture if the Reporting Person does not continue to be a Service Provider for the Issuer until the vesting date.

Future Outlook

The Restricted Stock Units are scheduled to vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders after the effective date of grant, provided the Reporting Person continues to be a Service Provider for the Issuer.

Industry Context

This Form 4 filing represents a routine equity compensation grant to a director, a common practice across publicly traded companies to align executive and board member incentives with shareholder value creation in the technology and internet services industry.

Corporate Governance

Related Party Transactions

• The grant of 1,397 Restricted Stock Units to Leah Sweet, a Director of GoDaddy Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 1,397 Restricted Stock Units are expected to vest on the day immediately prior to GoDaddy's next annual meeting of stockholders after the grant's effective date, converting into Class A Common Stock.

Key Dates

Keywords

GoDaddy, GDDY, Form 4, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, Equity Grant, Beneficial Ownership