Form 4: GoDaddy Director Mark Garrett Receives RSU Grant

GoDaddy Inc. director Mark Garrett was granted 2,925 restricted stock units as part of his compensation package.

Summary

• Director Mark Garrett acquired 2,925 Restricted Stock Units (RSUs) of GoDaddy Inc. Class A Common Stock.
• The transaction occurred on June 3, 2026.
• The RSUs were granted at a price of $0 per share.
• Following this transaction, the reporting person beneficially owns 25,289 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• The grant aligns the director's interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of the RSUs is contingent upon the reporting person's continued service as a provider for the issuer.

Future Outlook

The RSUs will vest fully on the day immediately prior to the issuer's next annual meeting of stockholders, provided the director remains a service provider.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the technology sector to ensure alignment with shareholder interests.

Comparison to Industry Standards

• The use of RSU grants for board compensation is consistent with standard practices among S&P 500 technology companies.
• The vesting schedule tied to the annual meeting is a common retention mechanism for board members.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of the 2,925 RSUs prior to the next annual meeting of stockholders.

Key Dates

Keywords

GoDaddy, GDDY, Director Compensation, Restricted Stock Units, Insider Transaction, SEC Form 4