PATEL GOYAL KRUTI 4
4 · ETSY INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Etsy (ETSY) CEO Kruti Patel Goyal Receives 2,028-Share Award
What Happened
Kruti Patel Goyal, CEO of Etsy, received a grant of 2,028 performance-based restricted stock units (PSUs) on March 6, 2026. The award is reported as a derivative acquisition (grant) at $0.00 per share because these are PSUs that convert to common shares upon vesting. The PSUs were certified as earned by the Compensation Committee on March 6, 2026 and will vest in full on April 1, 2026, provided she remains employed through the vesting date. The 2,028 shares reported here represent 25% of the total PSU award; the remaining 75% had already been earned based on performance criteria.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026.
- Transaction type: Grant/Award (derivative) of 2,028 PSUs @ $0.00 reported.
- Units: 1 PSU = 1 share of common stock.
- Vesting: Shares vest in full on April 1, 2026, subject to continued employment.
- Tax treatment: Reporting person irrevocably authorized Etsy to withhold a sufficient number of shares to satisfy withholding taxes (share withholding).
- Reporting specifics: The 2,028 shares represent 25% of the PSU award; the remaining 75% had already been earned. The Form 4 notes the PSUs were not reportable until performance certification.
Context
PSUs are performance-conditioned awards that convert to common shares on certification and vesting; this is not an open-market purchase or sale. Grants like this are common compensation tools for executives and do not by themselves indicate intent to buy or sell stock. Tax-withholding via share surrender is routine for equity awards.
Insider Transaction Report
- Award
Performance Stock Unit
[F1][F2][F3]2026-03-06+2,028→ 8,427 total→ Common Stock (2,028 underlying)
Footnotes (3)
- [F1]The Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
- [F2]Units correspond 1-for-1 with common stock.
- [F3]Represents the number of shares earned under a performance-based restricted stock unit ("PSU") award based on the Issuer's satisfaction of certain performance criteria. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, the shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 6, 2026). The shares will vest in full on April 1, 2026, subject to the Reporting Person remaining continuously employed through the vesting date. The shares reported on this form represent 25% of the total number of shares subject to the PSU award. The remaining 75% of the shares have already been earned based on the performance criteria of the award.