Atlassian Corp DEF 14A: Executive Comp & Equity Awards

Ticker: TEAM · Form: DEF 14A · Filed: 2024-10-23T00:00:00.000Z

Sentiment: neutral

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

TL;DR

Atlassian's DEF 14A is out, detailing exec pay and equity awards for FY24. Focus on PEO/Non-PEO NEOs.

AI Summary

Atlassian Corp filed a DEF 14A on October 23, 2024, detailing executive compensation and corporate governance. The filing covers the fiscal year ending June 30, 2024, and includes information on equity awards granted to executive officers like CannonBrookesMember and FarquharMember. It also provides data on changes in the fair value of outstanding equity awards for both PEO and Non-PEO NEO members.

Why It Matters

This filing provides transparency into how Atlassian compensates its top executives, which can influence investor decisions and perceptions of the company's financial health and management practices.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive compensation and corporate governance, not indicating immediate financial risk.

Key Numbers

Key Players & Entities

FAQ

What is the total compensation for the CEO in the fiscal year ending June 30, 2024?

The filing does not explicitly state the CEO's total compensation in this excerpt, but details equity awards for PEO and Non-PEO NEO members.

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 proxies from shareholders for an annual meeting and provides detailed information on executive compensation, board of directors, and corporate governance.

When was Atlassian Corp's fiscal year end?

Atlassian Corp's fiscal year ends on June 30.

What specific types of equity awards are mentioned in the filing?

The filing mentions 'VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYr' (Vesting Date for Fair Value of Equity Awards Granted and Vested in Covered Year) and 'ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrs' (Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years).

Who are the key executive roles mentioned in relation to equity awards?

The key executive roles mentioned are PEO (Principal Executive Officer) and Non-PEO NEO (Non-Principal Executive Officer Named Executive Officer).

Filing Stats: 4,547 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-10-23 16:10:11

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 37 Compensation Discussion and Analysis 37 Perquisites, Benefits, and Other Compensation and Governance Policies 47 Report of the Compensation and Leadership Development Committee 50

Executive Compensation Tables

Executive Compensation Tables 51 Potential Payments Upon Termination or Change in Control 55 CEO Pay Ratio 57 Pay Versus Performance 57 Report of the Audit Committee of the Board 59 Proposals To Be Voted On 60 Proposal 1 – Election of Directors 61 Proposal 2 – Ratification of Appointment of Independent Auditor 62 Proposal 3 – Advisory Vote to Approve Named Executive Officer Compensation 63 Stock Ownership Information 64

Security Ownership Table

Security Ownership Table 64 Equity Compensation Plan Information 67 Information About the Meeting, Voting and Procedural Matters 68 General 68 Stockholders Entitled to Vote; Record Date 68 Quorum; Abstentions; Broker Non-Votes 68 Voting; Revocability of Proxies 69 Expenses of Solicitation 70 Procedure for Introducing Business or Director Nominations at Our 202 5 Annual Meeting of Stockholders 70 Delivery of Proxy Materials 71 Appendix A – Non-GAAP Financial Measures and Key Business Metrics 72 2024 Proxy Statement 7 Note About Forward-Looking Statements This Proxy Statement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. In some cases, you can identify these statements by forward-looking words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "should," "estimate," or "continue," and similar expressions or variations, but these words are not the exclusive means for identifying such statements. All statements other than statements of historical fact could be deemed forward looking, including statements about our products, product features, including AI capabilities, customers, leadership, business priorities and strategy, market potential, environmental, social and governance efforts, sustainability goals, Team Anywhere, and the goals or effects of our executive compensation programs. We undertake no obligation to update any forward-looking statements made in this Proxy Statement or to reflect events or circumstances after the date of this Proxy Statement or to reflect new information or the occurrence of unanticipated events, except as required by law. The achievement or success of the matters covered by such forward-looking statements

View on Read The Filing