Form 4: Pagaya Technologies CFO Receives 165,000 Restricted Stock Units

Evangelos Perros, CFO of Pagaya Technologies, was granted 165,000 Restricted Stock Units (RSUs) on March 12, 2025, as part of the company's annual equity incentive compensation.

Summary

• On March 12, 2025, Evangelos Perros, the Chief Financial Officer of Pagaya Technologies Ltd., received a grant of 165,000 Restricted Stock Units (RSUs).
• This grant is part of the company-wide annual equity incentive compensation program.
• The RSUs will vest quarterly over a period of two years, with the first vesting date on June 12, 2025.
• The reporting person directly disposed of 165,000 Class A Ordinary Shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and indicates confidence in the CFO and the company's future. However, it also represents potential dilution for existing shareholders.

Positives

• The grant of RSUs aligns the CFO's interests with those of the shareholders.
• Equity grants are a common way to attract and retain key executives.

Future Outlook

The RSUs will vest over a two-year period, incentivizing the CFO to remain with the company and contribute to its long-term success.

Industry Context

Equity compensation is a standard practice in the technology industry to incentivize executives and align their interests with those of shareholders. The size and vesting schedule of the RSU grant are likely benchmarked against similar companies in the fintech sector.

Comparison to Industry Standards

• Equity grants for CFOs in similar fintech companies typically range from 0.1% to 0.5% of outstanding shares, depending on company size and performance.
• Vesting schedules of two to four years are common for RSU grants to align executive incentives with long-term value creation.
• Companies like Upstart, Affirm, and LendingClub also utilize equity compensation as a key component of their executive compensation packages.

Stakeholder Impact

• Shareholders may experience slight dilution due to the issuance of new shares upon RSU vesting.
• Employees may view the RSU grant as a positive sign of the company's commitment to its leadership team.

Key Dates