Form 4: GoDaddy Director Mark Garrett Acquires Restricted Stock Units

Mark Garrett, a director at GoDaddy Inc., acquired 1,945 Restricted Stock Units (RSUs) on June 6, 2024, which will vest prior to the next annual meeting of stockholders.

Summary

• On June 6, 2024, Mark Garrett, a director of GoDaddy Inc., acquired 1,945 Restricted Stock Units (RSUs).
• These RSUs will vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders, contingent upon Garrett's continued service to the company.
• Upon vesting, Garrett will receive shares of Class A Common Stock of GoDaddy Inc.
• Following the transaction, Garrett directly owns 20,967 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of RSUs) by a company director, indicating confidence in the company's prospects. It's a neutral to slightly positive signal.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• Continued service requirement for vesting aligns director's interests with the company's long-term success.

Future Outlook

The RSUs will vest prior to the next annual meeting of stockholders, subject to continued service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Equity compensation in the form of RSUs is a common practice among publicly traded companies like GoDaddy to align the interests of directors and management with those of shareholders.
• Companies such as Amazon, Alphabet, and Microsoft also utilize RSUs as part of their compensation packages for executives and board members.
• The vesting schedules for RSUs typically range from one to four years, with vesting often tied to continued employment or service, similar to GoDaddy's arrangement.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment, reflecting confidence in the company's future.

Next Steps

• The Reporting Person will receive shares of Class A Common Stock of the Issuer upon vesting of these RSUs.

Key Dates