Toast, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: TOST · Form: DEF 14A · Filed: Apr 23, 2024 · CIK: 1650164

Toast, Inc. DEF 14A Filing Summary
FieldDetail
CompanyToast, Inc. (TOST)
Form TypeDEF 14A
Filed DateApr 23, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: Toast, TOST, DEF 14A, Proxy Statement, Executive Compensation

TL;DR

<b>Toast, Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and equity awards for the fiscal year 2023.</b>

AI Summary

Toast, Inc. (TOST) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. Toast, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 23, 2024. The filing covers the fiscal year ending December 31, 2023. It includes details on executive compensation, specifically equity awards granted, outstanding, and vested during 2023. The filing also provides data for the fiscal years 2022 and 2021 for comparison. Information on non-principal executive officers' equity awards is also presented for 2023 and 2022.

Why It Matters

For investors and stakeholders tracking Toast, Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential dilution from equity awards. It provides transparency into how the company is incentivizing its leadership and the impact on shareholder value.

Risk Assessment

Risk Level: low — Toast, Inc. shows low risk based on this filing. The filing is a standard DEF 14A, providing routine disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Shareholders should review the executive compensation details, particularly equity awards, to assess alignment with company performance and potential dilution.

Key Numbers

  • 2023-01-01 — Reporting Period Start Date (Fiscal Year 2023)
  • 2023-12-31 — Reporting Period End Date (Fiscal Year 2023)
  • 2022-01-01 — Reporting Period Start Date (Fiscal Year 2022)
  • 2022-12-31 — Reporting Period End Date (Fiscal Year 2022)
  • 2021-01-01 — Reporting Period Start Date (Fiscal Year 2021)
  • 2021-12-31 — Reporting Period End Date (Fiscal Year 2021)

Key Players & Entities

  • Toast, Inc. (company) — Filer
  • TOST (company) — Ticker Symbol
  • DEF 14A (document) — Filing Type
  • 2024-04-23 (date) — Filing Date
  • 2024-06-06 (date) — Period of Report
  • 2023-12-31 (date) — Fiscal Year End
  • 333 Summer Street (address) — Business Address
  • Boston, MA 02210 (address) — Business Address

FAQ

When did Toast, Inc. file this DEF 14A?

Toast, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 23, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Toast, Inc. (TOST).

Where can I read the original DEF 14A filing from Toast, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Toast, Inc..

What are the key takeaways from Toast, Inc.'s DEF 14A?

Toast, Inc. filed this DEF 14A on April 23, 2024. Key takeaways: Toast, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 23, 2024.. The filing covers the fiscal year ending December 31, 2023.. It includes details on executive compensation, specifically equity awards granted, outstanding, and vested during 2023..

Is Toast, Inc. a risky investment based on this filing?

Based on this DEF 14A, Toast, Inc. presents a relatively low-risk profile. The filing is a standard DEF 14A, providing routine disclosures on executive compensation and corporate governance, with no immediate red flags.

What should investors do after reading Toast, Inc.'s DEF 14A?

Shareholders should review the executive compensation details, particularly equity awards, to assess alignment with company performance and potential dilution. The overall sentiment from this filing is neutral.

How does Toast, Inc. compare to its industry peers?

Toast operates in the technology sector, providing a cloud-based platform for restaurants.

Are there regulatory concerns for Toast, Inc.?

The filing is a DEF 14A, a standard SEC filing required for public companies to solicit proxies from shareholders for annual meetings.

Industry Context

Toast operates in the technology sector, providing a cloud-based platform for restaurants.

Regulatory Implications

The filing is a DEF 14A, a standard SEC filing required for public companies to solicit proxies from shareholders for annual meetings.

What Investors Should Do

  1. Review the Summary Compensation Table for detailed executive pay.
  2. Analyze the Equity Awards tables to understand stock-based compensation and potential dilution.
  3. Examine any proposals presented to shareholders for voting at the annual meeting.

Key Dates

  • 2024-04-23: Filing Date — Definitive Proxy Statement (DEF 14A) filed.
  • 2024-06-06: Period of Report — The period for which the proxy statement's information is relevant.
  • 2023-12-31: Fiscal Year End — The end date of the primary fiscal year covered by the filing.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure. Specific comparative financial data from previous filings is not directly available in this document excerpt.

Filing Stats: 4,870 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-04-23 16:32:57

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 33 COMPENSATION DISCUSSION AND ANALYSIS 33

EXECUTIVE COMPENSATION TABLES

EXECUTIVE COMPENSATION TABLES 48 CEO PAY RATIO 53 PAY VERSUS PERFORMANCE 54 EQUITY COMPENSATION PLAN INFORMATION 60

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 61 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 65 PROPOSAL FOUR: AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION 66 OTHER MATTERS 69 PROXY CARD 70 APPENDIX A 72 4 Toast, Inc. 333 Summer Street Boston, MA 02210 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD JUNE 6, 2024 PROCEDURAL MATTERS Our board of directors (the "Board") solicits your proxy on our behalf for the 2024 Annual Meeting of Stockholders (the "Annual Meeting") and at any adjournment, continuation or postponement of the Annual Meeting for the purposes set forth in this proxy statement for our Annual Meeting (this "Proxy Statement") and the accompanying notice of Annual Meeting. The Annual Meeting will be held on June 6, 2024 at 2:30 p.m. Eastern Time, virtually, via a live audio webcast. You will be able to attend the Annual Meeting, submit questions and vote online by visiting http://www.virtualshareholdermeeting.com/TOST2024 . On or about April 23, 2024, a Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access this Proxy Statement and our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "2023 Annual Report", together with the Notice, the "proxy materials") is being mailed to our stockholders that held shares of our Class A common stock or Class B common stock as of April 10, 2024. In this Proxy Statement, the terms "Toast," "the Company," "we," "us" and "our" refer to Toast, Inc. The mailing address of our principal executive offices is Toast, Inc., 333 Summer Street, Boston, MA 02210. QUESTIONS AND ANSWERS 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. Information contained on, or that can be

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.