Form 4: Pinterest CTO Matthew Madrigal Granted 620,310 RSUs

Pinterest's Chief Technology Officer, Matthew Madrigal, was granted 620,310 Restricted Stock Units, increasing his beneficial ownership to over 1 million shares.

Summary

• Matthew Madrigal, Chief Technology Officer of Pinterest, Inc. (PINS), was granted a total of 620,310 Restricted Stock Units (RSUs) on December 18, 2025.
• These grants were made under the Issuer's 2019 Omnibus Incentive Plan.
• The grants consist of three tranches: 408,145 RSUs, 158,145 RSUs, and 54,020 RSUs.
• The 158,145 RSUs will vest 25% on March 20, 2026, and every 3rd month thereafter, subject to continued service.
• The 408,145 RSUs will vest 25% on March 20, 2027, and every 3rd month thereafter, subject to continued service.
• The 54,020 RSUs will vest 33% on March 20, 2027, and every 3rd month thereafter, subject to continued service.
• Following these transactions, Mr. Madrigal beneficially owns 1,012,748 shares of Class A Common Stock, which includes RSUs subject to vesting requirements.

Sentiment

Score: 7

Explanation: The filing reports a routine executive RSU grant, which is a positive for executive retention and alignment with shareholder interests, but does not contain information that would significantly alter the company's immediate financial outlook or market perception.

Positives

• The grant of 620,310 Restricted Stock Units to the Chief Technology Officer aligns executive incentives with long-term shareholder value.
• The vesting schedule, extending into 2027, promotes executive retention and continued service to the company.

Future Outlook

The RSU grants with multi-year vesting schedules indicate an expectation of continued service from the Chief Technology Officer, aligning his future compensation with the company's performance over the coming years.

Industry Context

The grant of Restricted Stock Units is a standard practice in the technology industry for executive compensation, designed to attract, retain, and motivate key personnel by linking their financial interests directly to the company's stock performance.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a significant component of executive compensation is a common practice among publicly traded technology companies, comparable to compensation structures at companies like Meta Platforms, Alphabet, and Microsoft.
• The multi-year vesting schedules are typical for executive equity awards, aiming to ensure long-term commitment and performance alignment, consistent with industry benchmarks.

Stakeholder Impact

• Shareholders: The RSU grants align the Chief Technology Officer's financial interests with long-term shareholder value, potentially fostering decisions that benefit stock performance.
• Employees: This compensation structure may serve as a benchmark or motivator for other key employees, reinforcing the company's commitment to performance-based incentives.

Next Steps

• The granted Restricted Stock Units will begin vesting on their respective schedules, starting March 20, 2026, and March 20, 2027, subject to continued service.

Key Dates

Keywords

Pinterest, PINS, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Stock Grant