DraftKings Inc.
For the period ended May 19, 2025. Filed Mar 26, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 19, 2025 · Filed Mar 26, 2025
Contents
Director Compensation Program
DIRECTOR COMPENSATION
Director Compensation Table
The following table provides information concerning the compensation of each non-employee director who served on DraftKings’ Board of Directors in 2024. DraftKings employees who also served as directors did not receive compensation for their service on the Board of Directors.
| Name · · · Stock Awards ($)(1) · · · All Other Compensation ($)(2) · · · Total ($) · | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Woodrow Levin | | | | | 300,167 | | | | | | 36,500 | | | | | | 336,667 | | |
| Jocelyn Moore | | | | | 317,816 | | | | | | — | | | | | | 317,816 | | |
| Ryan Moore | | | | | 322,834 | | | | | | 36,500 | | | | | | 359,334 | | |
| Valerie Mosley | | | | | 310,245 | | | | | | 15,925 | | | | | | 326,170 | | |
| Steven Murray | | | | | 332,915 | | | | | | — | | | | | | 332,915 | | |
| Marni Walden | | | | | 325,385 | | | | | | 12,740 | | | | | | 338,125 | | |
| Harry Sloan | | | | | 305,228 | | | | | | — | | | | | | 305,228 | | |
(1)
The amounts disclosed in this column are computed in accordance with FASB ASC Topic 718 using the valuation methodology for equity awards set forth in Note 11 — Stock-Based Compensation to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The aggregate number of unvested RSUs held as of December 31, 2024 by each individual that served as a non-employee director during the fiscal year ended December 31, 2024 was 6,969.
(2)
For each of Messrs. Levin and Moore, this includes $36,500 for costs related to Company-sponsored events during the year. For Ms. Mosley, this includes $15,925 for financial planning services. For Ms. Walden, this includes $12,740 for financial planning services.
Director Compensation Program
Our Board of Directors compensation program is designed to provide competitive compensation necessary to attract and retain high-quality non-employee directors and to encourage ownership of DraftKings stock to further align their interests with those of our shareholders. In 2024, our program provided the following compensation for non-employee directors:
An annual retainer of $45,000;
An annual retainer of $20,000 for the chair of the audit committee; $17,500 for the chair of the compensation committee; and $10,000 for the chair of each of the nominating and corporate governance committee, the compliance and risk committee and the transaction committee;
An annual retainer of $10,000 for members of the audit committee; $7,500 for members of the compensation committee; $5,000 for members of the nominating and corporate governance committee and the compliance and risk committee; and $10,000 for members of the transaction committee; and
An equity retainer with a value of $250,000 (based on the fair market value of a Class A Share on the grant date) payable in the form of RSUs, granted upon initial election to the Board and then each year at the annual shareholders meeting that vests at the sooner of the following annual shareholders meeting or the one-year anniversary of the grant.
All retainers will be payable quarterly in arrears. The retainers are being delivered in equity until DraftKings is profitable.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.