PagerDuty Appoints Eric Prengel as New CFO with Substantial Equity Grant
PD sits 43% above its 52-week low of $5.7.
Summary
PagerDuty appointed Eric Prengel as its new CFO, replacing Howard Wilson, and granted him a substantial equity package worth approximately $7.3 million.
Key Events · Executive and Board Changes · PD
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New CFO Appointed
Eric Prengel, formerly Global VP of Finance at Elastic N.V. and Head of West Coast Technology Investment Banking at J.P. Morgan, has been appointed Chief Financial Officer, effective June 22, 2026.
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Previous CFO Transition
Howard Wilson, who served as CFO since 2016, has ceased serving in that role, as previously disclosed. He will serve as a Strategic Advisor until February 28, 2027.
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Significant Equity Compensation
Mr. Prengel will receive 600,000 time-based Restricted Stock Units (RSUs) and 300,000 performance-based RSUs (at target), totaling 900,000 shares. Based on the current stock price, this equity grant is valued at approximately $7.3 million.
Analysis · PD · Technology
PagerDuty has appointed Eric Prengel as its new Chief Financial Officer, completing a previously announced leadership transition. Prengel brings experience from Elastic N.V. and investment banking. His compensation package includes a significant equity grant of 900,000 shares (at target), valued at approximately $7.3 million based on the current stock price. This substantial grant aims to align his interests with long-term shareholder value but also represents future dilution.
At the time of this filing, PD was trading at $8.14 on NYSE in the Technology sector, with a market capitalization of approximately $635.5M. The 52-week trading range was $5.70 to $18.00. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.