Pagaya Technologies Ltd. — Form 10-Q
Filed July 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Pagaya Technologies hired Jonathan Dobres as Chief Financial Officer effective August 1, 2026 (agreement dated May 1, 2026). Compensation: $650,000 annual base salary; $850,000 target performance bonus for 2026 (with $350,000 paid immediately, remainder in Q1 2027); RSU grants totaling $2,000,000 over three years ($500K each in 2026 and 2027, $1M in 2028), vesting over 2 years at 12.5% per quarter. Severance: if terminated without cause before 18 months, pays through 2-year anniversary; after 18 months, 6 months base salary. Upon change of control + termination, pays full 1 year base salary and accelerates RSU vesting for awards vesting within 12 months. Agreement includes 12-month non-compete, confidentiality, and mandatory arbitration.
Why this rating
CFO hire is ordinary corporate governance. Total first-year comp (~$1.5M cash + ~$500K equity) is ~0.14% of $1.1B market cap—immaterial. Routine executive employment.
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