DoorDash (DASH) has released an update to notify the public and investors about its officers.
On January 31, 2024, DoorDash’s Board of Directors approved an update to the Severance Plan for its CEO and senior management, allowing for 12 months of accelerated vesting of equity awards upon termination without Cause or due to death or Disability, excluding Change in Control scenarios. This is contingent on signing new participation agreements, and these benefits are additive to those in any prior agreements. New participation agreements reflecting these benefits will be executed with eligible individuals.
For further insights into DASH corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
