Q2 Names CFO Jonathan Price Co-CEO With $520K Salary and $3M RSU Grant
QTWO sits 72% above its 52-week low of $40.79.
Summary
Q2 Holdings promoted CFO Jonathan Price to Co-CEO effective October 29, 2026, alongside Matt Flake, with a $520,000 salary, a $3 million RSU grant, and enhanced severance. He remains CFO until a successor is named.
Key Events · Executive and Board Changes · QTWO
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Price Appointed Co-CEO and Director
Jonathan A. Price becomes Co-CEO alongside Matthew Flake effective October 29, 2026, and joins the board, which expands from seven to eight members with his term expiring at the 2027 annual meeting.
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Compensation Set at $520K Plus $3M RSUs
Base salary rises to $520,000 with an annual cash incentive target of up to 100% of salary, plus a restricted stock unit grant valued at $3,000,000 vesting 25% after one year and quarterly over the following three years.
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Severance Includes Change-in-Control Payout
A regular termination pays 200% of base salary plus a pro-rata target bonus over 24 months; a qualifying termination around a change of control pays 250% in a lump sum with full time-based equity acceleration and up to 30 months of COBRA.
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CFO Role Remains Vacant Pending Search
Price continues as Chief Financial Officer, principal financial officer and principal accounting officer while Q2 searches for a successor, leaving both the CEO and CFO seats with the same person in the interim.
Analysis · QTWO · Technology
The promotion puts one person in both the top operating and top financial seats at a $4.2B company: Price becomes Co-CEO alongside Matt Flake on October 29, 2026, and joins the board, yet he keeps the CFO title until a successor is found. Numbers attached to the move are a $520,000 base salary, a cash bonus target of up to 100% of salary, and a $3 million restricted stock grant vesting over four years. Severance is the part worth noting — 200% of salary over 24 months on a regular termination, rising to 250% in a lump sum plus full equity acceleration if he is pushed out around a change of control. A standard executive package rather than a red flag, but it does mean a future acquisition would carry a meaningful payout obligation. The dual role remains the open question: until a new CFO is hired, the company's financial reporting sits with an executive who is simultaneously running the business.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QTWO was trading at $70.00 on NYSE in the Technology sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $40.79 to $76.24. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.