Toast, Inc. 8-K

What Happened
Toast, Inc. (TOST) announced in an 8-K dated Jan 15, 2026 that its Board appointed Rossana Niola as Chief Accounting Officer, with employment expected to begin Jan 26, 2026, and that she will become the company’s principal accounting officer effective March 2, 2026. Ms. Niola joins from Mastercard, where she held leadership roles (June 2012–Jan 2026), most recently as Assistant Corporate Controller. Following these dates, the interim CAO/principal accounting officer, Ms. Gomez, will resume her role solely as President, Chief Financial Officer and principal financial officer.

Key Details

• Base salary: $400,000 per year; one-time sign-on bonus: $175,000.
• Annual target cash bonus: 40% of base salary under the Senior Executive Cash Incentive Bonus Plan.
• Equity awards expected: RSUs valued at $1,500,000 and stock options valued at $1,500,000 (total equity value ~$3,000,000).
• Vesting: 4-year schedule — 12.5% vests at 6 months after vesting start, remainder vests quarterly over the next 3.5 years; awards subject to the 2021 Stock Option and Incentive Plan.
• Other notes: Ms. Niola is expected to enter the company’s standard indemnification agreement; no related-party or Item 404 disclosures reported.

Why It Matters
This fills Toast’s permanent accounting leadership and names the company’s principal accounting officer, which is important for financial oversight and SEC reporting. The compensation package (cash plus substantial equity with multi-year vesting) signals a retention-focused hire that aligns her incentives with long-term company performance, while the transition keeps the CFO in place for broader financial leadership.