Freshworks (FRSH) has released an update.
Freshworks Inc.’s Board, following the Compensation Committee’s advice, has revamped its top executives’ equity incentives amidst challenging market conditions. CEO Rathna Girish Mathrubootham’s multi-year incentive tied to stock price targets was replaced with a new $19 million long-term award, reflecting a strategic shift to maintain leadership motivation and shareholder value. Additionally, key executives Woodside, Sloat, and Ramamurthy were granted annual equity awards valued at $15 million, $6 million, and $6 million, respectively, with a mix of time-based and performance-based vesting, linked to revenue and free cash flow goals. Moreover, CFO Tyler Sloat received a special $4 million equity refresh, further bolstering the executive team’s alignment with long-term company performance.
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