Form 4: Pagaya Technologies President Sanjiv Das Awarded 190,000 Restricted Stock Units

Pagaya Technologies' President, Sanjiv Das, received 190,000 Restricted Stock Units (RSUs) as part of the company's annual equity incentive compensation program.

Summary

• On March 12, 2025, Sanjiv Das, President of Pagaya Technologies Ltd., was granted 190,000 Restricted Stock Units (RSUs).
• The grant is part of the company's 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 RSUs convert to Class A Ordinary Shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of RSUs aligns the President's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The RSUs will vest over the next two years, incentivizing the President to contribute to the company's long-term success.

Industry Context

Equity compensation is a common practice in the technology industry to attract and retain top talent. The size and vesting schedule of the RSU grant are likely benchmarked against similar companies in the fintech sector.

Comparison to Industry Standards

• It's common for tech companies like Pagaya to use RSUs as part of their compensation packages.
• Comparable companies such as Upstart, Affirm, and LendingClub also utilize equity grants to incentivize executives.
• The vesting schedule of two years with quarterly installments is fairly standard in the industry.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the President.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates