PagerDuty, Inc. 8-K

What Happened PagerDuty, Inc. announced on June 22, 2026 (via an 8-K and press release) that Eric Prengel has been appointed Chief Financial Officer, effective June 22, 2026. Mr. Prengel, age 44, joins from Elastic N.V., where he most recently served as Global Vice President of Finance (Jan 2023–Jun 2026) and previously was Interim CFO (Dec 2024–Mar 2025). Howard Wilson, who had been CFO since 2016, ceased serving as CFO on the appointment date and will remain with the company as a Strategic Advisor through no later than February 28, 2027.

Key Details

• Effective date: June 22, 2026.
• Cash compensation: annual base salary of $460,000; target annual bonus 75% of base salary (FY2027 bonus to be prorated).
• Equity: time-based RSU award covering 600,000 shares (vesting over four years) plus a performance-based RSU award covering 300,000 shares at target (performance metrics and period to be set by the board).
• Severance/benefits: eligible as a Tier 2 participant under the company’s executive severance and change-in-control policy; will sign standard indemnification agreement.
• Full offer letter will be filed in PagerDuty’s next quarterly Form 10-Q for the period ending July 31, 2026; a press release was furnished under Regulation FD.

Why It Matters This is a material leadership change in PagerDuty’s finance organization: a new CFO with enterprise software finance and investment banking experience replaces a long-time finance chief. The disclosed compensation package includes significant equity awards (900,000 RSUs at target between time-based and performance-based grants), which could have future dilution and align Mr. Prengel’s incentives with company performance. Retaining the prior CFO as a Strategic Advisor through early 2027 provides continuity during the transition. Investors should watch the forthcoming 10-Q for the full offer letter, and monitor company communications for any commentary on financial strategy, guidance, or impacts tied to the leadership change.