Okta DEF 14A: Executive Comp & Annual Meeting Details

Ticker: OKTA · Form: DEF 14A · Filed: 2024-05-09T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, equity-awards, corporate-governance

TL;DR

Okta's DEF 14A is out, showing exec comp details and equity awards for FY24. Focus on PEO awards.

AI Summary

Okta, Inc. filed its DEF 14A on May 9, 2024, detailing executive compensation and annual meeting matters for the fiscal year ending January 31, 2024. The filing includes information on equity awards granted to its "PeoMember" (likely Principal Executive Officer) for fiscal years 2020 through 2024, with data on outstanding and unvested awards.

Why It Matters

This filing provides transparency into Okta's executive compensation structure and decisions, which can influence investor perception and employee morale.

Risk Assessment

Risk Level: medium — DEF 14A filings can reveal significant information about executive compensation and corporate governance, which may impact stock performance.

Key Numbers

2020-02-01 to 2024-01-31 — Fiscal Years Covered (Information on equity awards for these periods is detailed.)

Key Players & Entities

Okta, Inc. (company) — Filer of the DEF 14A
20240509 (date) — Filing date
20240620 (date) — Conformed period of report
0131 (date) — Fiscal year end

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit shareholder votes for their annual meeting and provides detailed information on executive compensation, board of directors, and other corporate governance matters.

When was this Okta DEF 14A filed?

This Okta DEF 14A filing was made on May 9, 2024.

What fiscal year does this filing primarily relate to?

The filing relates to the fiscal year ending January 31, 2024, with data presented for prior fiscal years as well.

What type of compensation data is highlighted in the filing?

The filing highlights data related to equity awards, including those granted, outstanding, and unvested, particularly for the Principal Executive Officer ('PeoMember').

Where is Okta, Inc. headquartered?

Okta, Inc. is headquartered in San Francisco, California, with its business address listed as 100 First Street, Suite 600, San Francisco, CA 94105.

From the Filing

0001660134-24-000069.txt : 20240509 0001660134-24-000069.hdr.sgml : 20240509 20240509160938 ACCESSION NUMBER: 0001660134-24-000069 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 53 CONFORMED PERIOD OF REPORT: 20240620 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Okta, Inc. CENTRAL INDEX KEY: 0001660134 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 264175727 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38044 FILM NUMBER: 24930629 BUSINESS ADDRESS: STREET 1: 100 FIRST STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 888-722-7871 MAIL ADDRESS: STREET 1: 100 FIRST STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 DEF 14A 1 okta-20240509.htm DEF 14A okta-20240509 0001660134 DEF 14A false iso4217:USD 0001660134 2023-02-01 2024-01-31 0001660134 2022-02-01 2023-01-31 0001660134 2021-02-01 2022-01-31 0001660134 2020-02-01 2021-01-31 0001660134 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2020-02-01 2021-01-31 0001660134 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2021-02-01 2022-01-31 0001660134 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2022-02-01 2023-01-31 0001660134 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2023-02-01 2024-01-31 0001660134 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2020-02-01 2021-01-31 0001660134 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2021-02-01 2022-01-31 0001660134 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2022-02-01 2023-01-31 0001660134 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-02-01 2024-01-31 0001660134 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2020-02-01 2021-01-31 0001660134 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2021-02-01 2022-01-31 0001660134 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2022-02-01 2023-01-31 0001660134 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-02-01 2024-01-31 0001660134 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2020-02-01 2021-01-31 0001660134 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2021-02-01 2022-01-31 0001660134 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2022-02-01 2023-01-31 0001660134 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2023-02-01 2024-01-31 0001660134 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2020-02-01 2021-01-31 0001660134 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2021-02-01 2022-01-31 0001660134 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2022-02-01 2023-01-31 0001660134 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2023-02-01 2024-01-31 0001660134 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2020-02-01 2021-01-31 0001660134 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2021-02-01 2022-01-31 0001660134 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2022-02-01 2023-01-31 0001660134 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2023-02-01 2024-01-31 0001660134 ecd:NonPeoNeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2020-02-01 2021-01-31 0001660134 ecd:NonPeoNeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2021-02-01 2022-01-31 0001660134 ecd:NonPeoNeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2022-02-01 2023-01-31 0001660134 ecd:NonPeo