Padmanabhan Srinivasan

Chief Executive Officer at DigitalOcean Holdings

Board

Since February 12, 2024

Age

49 years

Education

Holds a B.S. in Electrical and Electronic Engineering from the Birla Institute of Technology and Science and an MBA from Southern Methodist University.

Tenure

Joined DOCN on February 12, 2024 as the Chief Executive Officer and a member of the Board of Directors.

Also at DigitalOcean Holdings

Cherie Barrett

Senior Vice President and Chief Accounting Officer

WMS

W. Matthew Steinfort

Chief Financial Officer

About

Padmanabhan Srinivasan is a 49-year-old executive with a robust background in technology and leadership. He has built his career in high-profile roles spanning prominent firms such as Microsoft, Oracle, and Amazon, and has also co-founded a cloud startup that was acquired by a Microsoft subsidiary.

Educated with a B.S. in Electrical and Electronic Engineering from the Birla Institute of Technology and Science and an MBA from Southern Methodist University, his academic credentials underpin his extensive experience in product and engineering leadership.

His professional journey includes transformative roles at GoTo and a brief tenure at Amazon before assuming his current role at DOCN on February 12, 2024, where he serves as both Chief Executive Officer and a board member. His leadership is marked by a strategic vision and technical expertise aimed at driving innovation and simplifying cloud computing solutions.

$DOCN Performance Under Padmanabhan Srinivasan

Past Roles

Organization	Role	Date Range	Details
GoTo (formerly LogMeIn)	Chief Executive Officer	Aug 2022 - Feb 2024	Provider of SaaS and cloud-based remote work tools for collaboration and IT management
GoTo (formerly LogMeIn)	Chief Product and Technology Officer	June 2020 - August 2022	Held role preceding the CEO appointment
Amazon	General Manager, Data, Machine Learning Platform Services, Alexa AI	June 2019 - June 2020	N/A
GoTo (formerly LogMeIn)	Senior Vice President, Products, General Manager	June 2013 - June 2019	Multiple leadership roles culminating in the stated position
Opstera, Inc.	Co-Founder	N/A	Acquired by a Microsoft subsidiary in 2012
Microsoft Corporation	Various product and engineering leadership positions	N/A	N/A
Oracle Corporation	Various product and engineering leadership positions	N/A	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$600,000	Annual	Fixed annual base salary for 2024
Sign-On Bonus	$600,000	One-time at hire	Subject to pro-rata repayment if terminated for cause or resigns without good reason within 12 months
RSUs	$17,000,000	Vesting over time	25% vesting approximately one year from the employment date; remaining shares vest in 12 equal quarterly installments

Performance Compensation

Data from FY 2024

MRSUs

Parameter	Value
Grant Date	Feb 12, 2024
Grant Date Fair Value ($USD)	$8,000,000
Grant Date Stock Price ($USD)	$39.43
Target Shares	193,178 shares
Maximum Shares	289,767 shares

Tranche	Stock Price Target ($USD)	Payout (% of Target MRSUs)
1	$65.00	25%
2	$100.00	50%
3	$135.00	100%
4	$170.00	150%

Vesting Event	Condition	Vesting Details
Third Anniversary	Achievement during the first 3 years	50% of eligible MRSUs vest
Fifth Anniversary	Targets achieved in the first period remaining or met in the second period	Remaining 50% or 100% vest on the 5th anniversary

PRSUs

Parameter	Value
Grant Date	Feb 12, 2024
Grant Date Fair Value ($USD)	$8,000,000
Grant Date Stock Price ($USD)	$39.43
Target Shares	193,178 shares
Maximum Shares	289,767 shares

Tranche	Stock Price Target ($USD)	Total Payout (% of Target PRSUs)
1	$65.00	25%
2	$100.00	50%
3	$135.00	100%
4	$170.00	150%

Vesting Event	Condition	Vesting Details
Third Anniversary	Achievement during the first 3 years	50% of eligible PRSUs vest
Fifth Anniversary	Targets met in the second period or remaining amounts	Remaining vest on the 5th anniversary