SNAP · Snap Inc.

The appointment of Douglas Hott as Chief Financial Officer represents a high-materiality leadership transition for Snap Inc., given the CFO’s central role in financial stewardship, regulatory compliance, capital markets engagement, and strategic planning. The compensation package—comprising a $1M base salary and a $14.9M promotion RSU grant—is among the most substantial CFO-level equity awards disclosed by the company in recent filings, reflecting both the significance of the role and the Board’s intent to secure long-term commitment. The tiered, time-based vesting structure (24%/38%/38% over 33 months) balances near-term accountability with multi-year retention, while the deferral of ongoing annual equity vesting until after the Promotion RSUs fully vest creates a clear succession of incentive alignment. All equity grants are expressly contingent on Board approval and governed by the 2017 Equity Incentive Plan, underscoring formal governance controls. As a newly appointed principal financial officer, Hott will assume responsibility for SEC reporting, internal controls over financial reporting, and disclosure of material financial developments—making this appointment directly relevant to investors assessing governance stability and financial transparency.