Form 4: Palantir CFO Granted Stock Appreciation Rights with $150 Hurdle

Palantir Technologies' CFO, David A. Glazer, was granted stock appreciation rights (SARs) that become exercisable if the company's stock price exceeds $150 by November 2033.

Summary

• David A. Glazer, CFO of Palantir Technologies Inc., was granted stock appreciation rights (SARs) on April 22, 2025.
• These SARs are subject to both service-based and stock price-based requirements.
• 1/3rd of the SARs will satisfy the service-based requirement in May 2025, and 1/6th will satisfy it each quarter thereafter, contingent on continued service.
• The SARs become exercisable during a limited window in November 2033, but only if Palantir's stock price exceeds $150 at that time.
• The SARs have a maximum appreciation value of $300, limiting the maximum number of Class A Common Stock shares issuable upon exercise to 215,556.
• The total number of SARs granted is 323,334.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, incentivizing long-term growth. The sentiment is neutral to slightly positive as it aligns management interests with shareholder value.

Positives

• The structure of the SARs incentivizes the CFO to drive long-term stock price appreciation.
• The $150 stock price hurdle aligns the CFO's interests with those of shareholders.

Risks

• The SARs may not be exercisable if Palantir's stock price does not reach $150 by November 2033.
• The service-based requirements could be impacted if the CFO leaves the company before the SARs fully vest.

Future Outlook

The SARs provide a long-term incentive for the CFO to increase shareholder value by driving stock price appreciation.

Industry Context

Granting stock appreciation rights is a common practice to align executive compensation with shareholder interests, particularly in growth-oriented technology companies.

Comparison to Industry Standards

• Many technology companies use stock options or restricted stock units (RSUs) as part of their executive compensation packages.
• SARs are less common than stock options or RSUs, but they can be an effective tool for incentivizing stock price appreciation without diluting existing shareholders as much as options.
• Companies like Snowflake and Datadog also use equity-based compensation to align executive incentives with company performance.

Stakeholder Impact

• Shareholders may view the SARs positively as they incentivize the CFO to increase the company's stock price.
• Employees may see the SARs as a sign of confidence in the company's future prospects.

Key Dates

Keywords

Stock Appreciation Rights, SARs, Palantir, PLTR, CFO, David Glazer, Equity Compensation, Form 4