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Get filing alertsMongoDB details interim CEO pay and $10M CFO retention award in 8-K
Filed October 15, 2026 · Period ending October 12, 2026 · ~1 min read
Key Changes
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Interim CEO Dev Ittycheria gets $500K base salary, $500K sign-on bonus, and target annual bonus of $350K (70% of base).
Item 5.02 verify on EDGAR → -
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Ittycheria also receives $15M in RSUs vesting quarterly through Oct 1, 2027.
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CFO Michael Berry granted $10M retention RSUs vesting in three installments through Apr 1, 2028.
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Ittycheria must stay at least 12 months after a new CEO starts, and no earlier than Apr 1, 2028.
Item 5.02 verify on EDGAR →
Summary
MongoDB disclosed compensation arrangements for interim CEO Dev Ittycheria and a retention award for CFO Michael Berry. Ittycheria, appointed interim CEO effective September 28, 2026, will receive a $500,000 base salary, a $500,000 sign-on bonus, and a target annual bonus of $350,000. He also received $15 million in restricted stock units that vest quarterly through October 1, 2027.
His employment agreement requires him to remain with the company for at least 12 months after a new CEO is hired, and no earlier than April 1, 2028, providing continuity during the transition. CFO Michael Berry received a one-time retention award of $10 million in RSUs, vesting in three installments through April 1, 2028. The awards are designed to retain key leadership during the CEO search and transition period. The filing does not indicate any disagreements or unusual circumstances surrounding the leadership changes.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
MongoDB discloses compensation terms for interim CEO Dev Ittycheria and a $10M retention award for CFO Michael Berry.
Added in current filing · verify on EDGAR →
restricted stock units (“RSUs”) under the Company’s Amended and Restated 2016 Equity Incentive Plan (the “2016 Plan”) with a grant value of $15,000,000
Mr. Ittycheria will receive RSUs valued at $15 million, with the share count determined by the 30-trading-day volume-weighted average price ending October 9, 2026. The RSUs vest in four equal quarterly installments through October 1, 2027, subject to continued service.
Added in current filing · verify on EDGAR →
continued payment of his base salary for 12 months following termination and (ii) payment of COBRA premiums for up to 18 months following termination
If Mr. Ittycheria is terminated without cause or resigns for good reason, he is entitled to 12 months of base salary continuation and up to 18 months of COBRA premium payments, subject to signing a release of claims. Enhanced benefits apply if termination occurs in connection with a change in control.
Added in current filing · verify on EDGAR →
service-vesting RSUs under the 2016 Plan with a grant value of $10,000,000
CFO Michael Berry received a one-time retention award of RSUs valued at $10 million, approved by the Compensation Committee on October 12, 2026. The RSUs vest in three equal installments on April 1, 2027, October 1, 2027, and April 1, 2028, with full acceleration upon termination without cause or for good reason.
Added in current filing · verify on EDGAR →
Mr. Ittycheria will provide continuous service to the Company in some capacity for at least twelve (12) months following a new CEO’s start date, and such continuous service will not terminate before April 1, 2028.
The employment agreement requires Mr. Ittycheria to remain with the company for at least 12 months after a new CEO starts, and in no event before April 1, 2028. This provides continuity during the CEO transition.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 16, 2026 · How we verify