UPWORK, INC — Form 10-Q
Filed August 10, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
Upwork appointed Claire Bramley and David Lissy to its Board of Directors effective June 4, 2026 (stockholder election date). Each director received identical standard non-employee compensation: $400,000 initial RSU grant (vesting 1/3 annually), $55,000 annual cash fee (or RSU equivalent), and $185,000 annual equity award (quarterly vesting). Total year-one cost per director is approximately $640,000 in equity plus $55,000 cash. Both offers dated April 14, 2026 and executed by Chairman Thomas Layton.
Why this rating
Routine board composition matter. Two director hires at ~$1.28M combined equity cost represents <0.08% of $1.7B market cap—administrative, non-material change.
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