Samsara Inc. DEF 14A: Executive Compensation Details
Ticker: IOT · Form: DEF 14A · Filed: May 29, 2024 · CIK: 1642896
| Field | Detail |
|---|---|
| Company | Samsara INC. (IOT) |
| Form Type | DEF 14A |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
Related Tickers: IOT
TL;DR
Samsara's DEF 14A is out, showing exec comp details for FY24. Focus on equity awards.
AI Summary
Samsara Inc. filed a DEF 14A on May 29, 2024, detailing executive compensation for the fiscal year ending February 3, 2024. The filing includes information on equity awards granted to its principal executive officers and other employees, with a focus on the change in the fair value of outstanding and unvested equity awards.
Why It Matters
This filing provides transparency into how Samsara Inc. compensates its top executives, which can influence investor decisions and employee morale.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but they can reveal significant information about executive compensation and corporate governance that may impact stock price.
Key Numbers
- FY24 — Fiscal Year (The period for which executive compensation is detailed.)
Key Players & Entities
- Samsara Inc. (company) — Filer of the DEF 14A
- 0001642896-24-000034.txt (document) — Accession number for the filing
- February 3, 2024 (date) — Fiscal year end
- May 29, 2024 (date) — Filing date
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, including the election of directors and executive compensation.
When did Samsara Inc.'s fiscal year end for this filing?
Samsara Inc.'s fiscal year ended on February 3, 2024.
What specific type of compensation is highlighted in the provided excerpt?
The excerpt highlights information related to equity awards, including their fair value, vesting, and changes in fair value for applicable years.
Who are the primary recipients of the compensation information in this filing?
The filing details compensation for principal executive officers (PEO) and non-principal executive officers (Non-PEO/NEO) of Samsara Inc.
What is the filing date of this DEF 14A?
This DEF 14A filing was made on May 29, 2024.
Filing Stats: 4,884 words · 20 min read · ~16 pages · Grade level 12.1 · Accepted 2024-05-29 16:11:51
Filing Documents
- iot-20240529.htm (DEF 14A) — 950KB
- iot-20240529_g1.jpg (GRAPHIC) — 7KB
- iot-20240529_g2.jpg (GRAPHIC) — 41KB
- iot-20240529_g3.jpg (GRAPHIC) — 197KB
- iot-20240529_g4.jpg (GRAPHIC) — 194KB
- iot-20240529_g5.jpg (GRAPHIC) — 191KB
- iot-20240529_g6.jpg (GRAPHIC) — 444KB
- iot-20240529_g7.jpg (GRAPHIC) — 215KB
- 0001642896-24-000034.txt ( ) — 4293KB
- iot-20240529.xsd (EX-101.SCH) — 1KB
- iot-20240529_htm.xml (XML) — 76KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 25 Compensation Discussion and Analysis 25 REPORT OF THE COMPENSATION COMMITTEE 37 Summary Compensation Table for Fiscal Year 2024 38 Grants of Plan-Based Awards for Fiscal Year 2024 39 Executive Employment Agreements 39 Outstanding Equity Awards at Fiscal Year 2024 Year-End 40 Option Exercises and Stock Vested 41 Potential Payments upon Termination or Change in Control 42 Equity Compensation Plan Information 44 CHIEF EXECUTIVE OFFICER PAY RATIO 45 -iii- PAY VERSUS PERFORMANCE 46 Tabular List of Performance Measures 48 Description of Relationships Between Compensation Actually Paid and Performance 48
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 51 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 54 Aircraft Agreement 54 Investors' Rights Agreement 54 Limitation of Liability and Indemnification of Officers and Directors 54 Policies and Procedures for Related Person Transactions 55 OTHER MATTERS 56 Delinquent Section 16(a) Reports 56 Stockholder Proposals or Director Nominations for Fiscal Year 2026 Annual Meeting 56 Availability of Bylaws 57 Fiscal Year 2024 Annual Report and SEC Filings 57 APPENDIX A 58 -iv- SAMSARA INC. PROXY STATEMENT FOR FISCAL YEAR 2025 ANNUAL MEETING OF STOCKHOLDERS To be held at 11:00 a.m., Pacific Time, on Wednesday, July 10, 2024 The information provided in the "question and answer" format below is for your convenience only and is merely a summary of the information contained in this proxy statement. You should read this entire proxy statement carefully. In this proxy statement, we refer to Samsara Inc. as "Samsara," "we" or "us" and the board of directors of Samsara as our "Board of Directors" or our "Board". Our annual report, which contains consolidated financial statements as of and for the fiscal year ended February 3, 2024, accompanies this proxy statement. You also may obtain a copy of the annual report without charge by emailing ir@samsara.com. QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR ANNUAL MEETING Why am I receiving these materials? This proxy statement and the form of proxy are furnished in connection with the solicitation of proxies by our Board of Directors for use at the fiscal year 2025 annual meeting of stockholders of Samsara and any postponements, adjournments or continuations thereof. The annual meeting will be held on Wednesday, July 10, 2024 at 11:00 a.m., Pacific Time. The annual meeting will be conducted virtually via live audio webcast. You will be able to attend the annual meeting virtually by visiting www.virtualshareholdermeeting