Klaviyo Names Erica Smith as CFO with $18M Equity Package, Succeeding Amanda Whalen
KVYO sits 38% above its 52-week low of $12.53.
Summary
Klaviyo appointed Erica Smith as CFO effective September 1, 2026, with an $18 million equity package. She succeeds Amanda Whalen, who will depart in September and advise through November.
Key Events · Executive and Board Changes · KVYO
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New CFO Appointed
Erica Smith, former CFO of CyberArk, appointed as CFO effective September 1, 2026, succeeding Amanda Whalen.
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Compensation Package
Smith receives $550,000 base salary, 50% target bonus, $15M in time-based RSUs vesting over four years, and $3M in performance stock units with price targets of $30, $50, and $75.
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Transition Timeline
Amanda Whalen remains CFO through September 4, 2026, then serves as an advisor through November 16, 2026.
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Performance Incentives
PSU vesting requires stock price to reach $30, $50, and $75 per share, aligning new CFO's incentives with significant shareholder value creation.
Analysis · KVYO · Technology
Klaviyo appointed Erica Smith, former CyberArk CFO, as its new CFO effective September 1, 2026. She receives a $550,000 base salary, 50% target bonus, and $18 million in equity grants — $15 million in time-based RSUs vesting quarterly over four years and $3 million in performance stock units tied to stock price targets of $30, $50, and $75. The appointment fills the vacancy left by Amanda Whalen, who announced her departure in May and will stay through September 4, then advise through November 2026. The equity package is substantial for a CFO hire and signals the board's commitment to retaining top talent as the company scales. The performance targets, set well above the current $17.34 stock price, align Smith's incentives with long-term shareholder value creation.
At the time of this filing, KVYO was trading at $17.34 on NYSE in the Technology sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $12.53 to $36.76. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.