| (A) | (B) | (C) | (A-B-C) | ||||||||||||||||||||||||||||||||||||||||||
| Named Executive Officer | 2023 Total Variable Compensation Target ($) | 2022 Discretionary Cash Bonus ($)(1) | 2023 Restricted Cash Award Value ($) | 2023 Refresh RSU Award Value ($)(2) | 2023 Refresh RSU Award (#)(3) | ||||||||||||||||||||||||||||||||||||||||
| Fidji Simo | 15,000,000 | 750,000 | 3,562,500(4) | 10,687,500 | 300,379 | Nick Giovanni | 10,000,000 | 750,000 | 2,312,500(5) | 6,937,500 | 194,983 | Morgan Fong | 5,900,000 | 900,000 | 1,250,000(5) | 3,750,000 | 105,396 | Asha Sharma | 13,650,000 | 750,000 | 3,225,000(5) | 9,675,000 | 271,922 | (1)Reflects the amount of each named executive officer’s discretionary cash bonus for fiscal year 2022, as approved by our Compensation Committee in October 2022 (and in the case of Ms. Simo, in December 2022) and further described under “—Short-Term Incentive Compensation.” While these bonuses are part of each named executive officer’s compensation for 2022, they were considered a part of each executive’s total variable compensation target approved in May 2023. (2)Each named executive officer’s refresh RSU award value is equal to the total variable compensation target, less the 2022 discretionary cash bonus, less the restricted cash award. (3)Calculated based on the fair value of our common stock of $35.58 per share as of February 28, 2023, as determined by our Board of Directors, which is the most recent date on or prior to the grant date of such refresh RSU awards on which our Board of Directors determined a fair value of our common stock. See the section titled “—Executive Compensation Tables—Outstanding Equity Awards at 2023 Fiscal Year End” for more information about these refresh RSU awards. (4)50% of this restricted cash award was vested and paid on August 15, 2023, and the remaining 50% was vested and paid on November 15, 2023. (5)25% of this restricted cash award was vested and paid on each of August 15, 2023, November 15, 2023, and February 15, 2024, and the remaining 25% will vest and be paid on May 15, 2024, subject to the named executive officer’s continued service with us through such date. In connection with her resignation on March 1, 2024, Ms. Sharma forfeited the unvested portions of her award. | |||||||||||||||||||||
| Named Executive Officer | 2022 Bonus Amount Paid in 2022 ($) | 2022 Bonus Amount Paid in 2023 ($) | ||||||||||||||||||||||||||||
| Fidji Simo | 300,000 | 450,000 | Nick Giovanni | 300,000 | 450,000 | Morgan Fong | 360,000 | 540,000 | Asha Sharma | 300,000 | 450,000 | |||||||||||||||||||
| Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($)(1) | All Other Compensation ($) | Total ($) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fidji Simo | 2023 | 500,000 | 4,712,500(2) | —(3) | 61,073(4) | 5,273,573 | Chief Executive Officer | 2022 | 500,000 | 1,000,000 | —(5) | 12,565 | 1,512,565 | Nick Giovanni | 2023 | 500,000 | 1,606,250(6) | —(3) | 38,670(7) | 2,144,920 | Chief Financial Officer | 2022 | 500,000 | 300,000 | —(5) | 12,565 | 812,565 | Morgan Fong | 2023 | 500,000 | 1,165,000(6) | —(3) | 38,670(8) | 1,703,670 | General Counsel | 2022 | 500,000 | 360,000 | —(5) | 12,565 | 872,565 | Asha Sharma | 2023 | 500,000 | 2,062,500(6) | —(3) | 45,950(9) | 2,608,450 | Former Chief Operating Officer | 2022 | 500,000 | 300,000 | —(5) | 12,565 | 812,565 | (1)Aggregate grant-date fair values are computed in accordance with ASC Topic 718. See Notes 2 and 12 to our consolidated financial statements included in the 2023 Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. See the section titled “—Outstanding Equity Awards at 2023 Fiscal Year-End” for additional information. (2)The amount disclosed consists of (a) a cash award of $700,000 representing the last of three equal installments of Ms. Simo’s cash retention award granted to her pursuant to her offer letter, which was paid in advance and will be earned on the third anniversary of Ms. Simo’s start date, (b) an amount equal to $450,000 representing the remaining portion of a discretionary cash bonus related to fiscal year 2022, as further described under “—Compensation Discussion and Analysis—2023 Executive Compensation Program—Short-Term Incentive Compensation,” and (c) an amount equal to $3,562,500 representing the portion of the restricted cash award that was vested and paid in fiscal year 2023, as further described under the section titled “—Compensation Discussion and Analysis—2023 Executive Compensation Program—Long-Term Incentive Compensation.” | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
