PD · PagerDuty, Inc.

PagerDuty announced a CEO transition, appointing John DiLullo as Chief Executive Officer effective May 11, 2026, succeeding Jennifer Tejada, who has led the company since 2016. Tejada will serve as Executive Chair until a transition date and then remain as a non-employee director until the 2027 annual meeting. DiLullo brings over 25 years of experience in enterprise software, cloud, and cybersecurity, having previously served as CEO of Deepwatch, LiveVox, and Lastline. His compensation package includes a $600,000 base salary, $600,000 target bonus, and $19 million in equity awards with time-based, performance-based, and market-based vesting conditions. The severance terms are typical for a public company CEO, with enhanced benefits upon a change in control. Tejada's transition agreement provides for continued compensation during the Executive Chair period and full vesting of her outstanding unvested equity at the 2027 annual meeting. The company also reaffirmed its Q1 and full fiscal year 2027 guidance, indicating confidence in its near-term outlook. This leadership change is significant for investors as it marks a new chapter for PagerDuty, with DiLullo's experience in scaling enterprise software companies potentially driving future growth.