Management ChangeMay 7, 2026, 05:27 PM
Snap Appoints Douglas Hott as New CFO
AI Summary
Snap Inc. announced the appointment of Douglas Hott as its new Chief Financial Officer and principal financial officer, effective May 9, 2026. Mr. Hott will receive an annual salary of $1,000,000 and was granted restricted stock units worth at least $14,900,000, vesting over thirty-three months. He will also be eligible for annual equity awards with an initial target value of $6,000,000.
Key Highlights
- Snap Inc. appointed Douglas Hott as Chief Financial Officer, effective May 9, 2026.
- Mr. Hott's annual salary is set at $1,000,000.
- He was awarded restricted stock units (Promotion RSUs) valued at least $14,900,000.
- Promotion RSUs will vest in quarterly installments over thirty-three months.
- Mr. Hott is eligible for annual equity awards with an initial target value of $6,000,000.
- Annual equity awards will commence vesting after the Promotion RSUs are fully vested.
Price Impact
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