DoorDash Inc
For the period ended Dec 31, 2023. Filed Apr 26, 2024.
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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.
Dec 31, 2023 · Filed Apr 26, 2024
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Contents
Pay vs. Performance
This disclosure has been prepared in accordance with the SEC’s pay versus performance rules in Item 402(v) of Regulation S-K under the Exchange Act (“Item 402(v)”) and may not be the same value as the compensation actually realized by our named executive officers. Additionally, the compensation values in this table are generally not a factor in how our compensation committee evaluates compensation decisions when reviewing compensation relative to our Company performance. For more information on how our compensation committee seeks to align pay with performance see the section titled “Our Compensation Philosophy.”
The following tables and related disclosures provide information about (i) the total compensation (“SCT Total”) of our principal executive officer (“PEO”) and our non-PEO named executive officers (collectively, the “Other NEOs”) as presented in the Summary Compensation Table, (ii) the “compensation actually paid” (“CAP”) to our PEO and our Other NEOs, as calculated pursuant to Item 402(v), (iii) certain financial performance measures, and (iv) the relationship of the CAP to those financial performance measures.
| Pay vs. Performance Table | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value of Initial Fixed $100 Investment Based On: | ||||||||
| Year (a) | Summary Compensation Table Total for PEO (b) | Compensation Actually Paid to PEO (c) | Average Summary Compensation Table Total for Non-PEO NEOs (d) | Average Compensation Actually Paid to Non-PEO NEOs (e) | Total Shareholder Return (f) | Peer Group Total Shareholder Return (g) | Net Income (Loss) $ (in millions) (h) | Year End Stock Price (Company Selected Measure) (i) |
| 2023 | $316,431 | $244,015,351 | $10,831,199 | $22,342,695 | $52 | $155 | $(558) | $99 |
| 2022 | $300,221 | $(686,374,419) | $8,337,424 | $(15,533,343) | $26 | $99 | $(1,365) | $49 |
| 2021 | $300,297 | $(35,818,623) | $8,474,204 | $22,896,547 | $79 | $140 | $(468) | $149 |
| 2020 | $413,669,920 | $796,888,547 | $4,066,452 | $101,965,963 | $75 | $105 | $(461) | $143 |
2023 PEO: Tony Xu; Other NEOs: Ravi Inukonda, Prabir Adarkar, Keith Yandell, and Tia Sherringham
2022 PEO: Tony Xu; Other NEOs: Prabir Adarkar, Christopher Payne, and Keith Yandell
2021 PEO: Tony Xu; Other NEOs: Prabir Adarkar, Christopher Payne, and Keith Yandell
2020 PEO: Tony Xu; Other NEOs: Prabir Adarkar, Christopher Payne, and Keith Yandell
Adjustments to Calculate Compensation Actually Paid to PEO (Column (c)) and Average Compensation Actually Paid to Other NEOs (Column (e))
The table below describes the adjustments, each of which is required by SEC rules, to calculate CAP amounts from the SCT Total of our PEO (Column (b)) and our Other NEOs (Column (d)). The SCT Total and CAP amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402(v). For a more representative view of the amount of compensation actually realized by our NEOs, see “Options Exercised and Stock Vested” of this proxy statement. With respect to CAP to our PEO, the assumptions and methodology used to calculate the fair value of equity awards in this table are consistent with the assumptions used to calculate the grant date fair value when the award was granted.
| 2023 | 2022 | 2021 | 2020 | |||||
| Description of Adjustment | PEO | Average Non-PEO NEOs | PEO | Average Non-PEO NEOs | PEO | Average Non-PEO NEOs | PEO | Average Non-PEO NEOs |
|---|---|---|---|---|---|---|---|---|
| Summary Compensation Table Total | $316,431 | $10,831,199 | $300,221 | $8,337,424 | $300,297 | $8,474,204 | $413,669,920 | $4,066,452 |
|---|---|---|---|---|---|---|---|---|
| Deduction for amounts reported under the "Stock Awards" and "Option Awards" columns in the Summary Compensation Table for each year | $— | $(10,471,303) | $— | $(7,987,216) | $— | $(8,123,633) | $(413,369,623) | $(3,595,893) |
| ASC 718 fair value of awards granted during the year that remain unvested as of and determined on the last day of each year | $— | $13,410,597 | $— | $4,447,851 | $— | $8,379,696 | $796,588,250 | $15,049,657 |
| ASC 718 fair value of awards granted during the year that vested during the year, determined as of vest date. | $— | $3,223,356 | $— | $691,030 | $— | $— | $— | $— |
| Change in ASC 718 fair value of awards granted in prior years that are outstanding and unvested as of the last date of the year, determined based on change in ASC 718 fair value from the last date of the prior year to the last date of the year. | $243,698,920 | $3,830,205 | $(686,674,640) | $(6,215,760) | $(36,118,920) | $1,765,460 | $— | $56,913,754 |
| Change in ASC 718 fair value for awards granted in prior years that vested during the year, determined based on change from the last day of the previous year to the vest date. | $— | $1,518,643 | $— | $(14,806,672) | $— | $12,400,820 | $— | $29,531,993 |
| Total Adjustments (subtotal) | $243,698,920 | $21,982,800 | $(686,674,640) | $(23,870,767) | $(36,118,920) | $14,422,343 | $383,218,627 | $97,899,511 |
| Compensation actually paid | $244,015,351 | $22,342,695 | $(686,374,419) | $(15,533,343) | $(35,818,623) | $22,896,547 | $796,888,547 | $101,965,963 |
Other adjustments required by Item 402(v) include adjustments for forfeitures, paid dividends, modifications and valuation of pension plans and are excluded from the above table because we did not have any of those elements in our compensation plans for the years covered in this disclosure.
Total Shareholder Return (column (f)) and Peer Group Total Shareholder Return (column (g))
Total Shareholder Return (“TSR”) values provided in this table illustrate the value of an initial investment of $100 in our Class A common stock made at the beginning of each year at the end of such year. The methodology used in this table is the same methodology provided on page 57 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, page 59 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, page 64 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and page 62 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The peer group selected for comparison is the S&P 500 IT Index, which is one of the same peer groups we use to calculate total shareholder return in our Annual Report on Form 10-K.
Net Income (Loss) (column (h))
Net Income (loss) as reported on our consolidated statements of operations in our Annual Report on Form 10-K for each of the fiscal years ended December 31, 2023, 2022, 2021, and 2020.
Year End Stock Price (column (i))
Pursuant to Item 402(v), we determined Year End Stock Price to be the most important financial performance measure used to link Company performance to CAP to our PEO and our Other NEOs in 2023.
Financial Performance Measure
The below table lists the measure that has been determined by the Company to be the most important measure linking CAP to our named executive officers in 2023 and Company performance in 2023.
Year End Stock Price (Company selected measure)
Relationship between Compensation Actually Paid and Performance
The below charts illustrate the relationship between CAP to our PEO and our Other NEOs and TSR, Net Income (loss) and Year End Stock Price.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.