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William Staples

Chief Executive Officer at Gitlab
Board
Since December 5, 2024
Age
48 years
Education
Holds a Bachelor of Science (B.S.) degree from the University of Utah.
Tenure
Appointed as Chief Executive Officer of GTLB on December 5, 2024, and serves as a Class III director on the board.

Also at Gitlab

SS
Sytse Sijbrandij
Executive Chair of the Board of Directors
BR
Brian Robins
Chief Financial Officer (CFO)
RJS
Robin J. Schulman
Chief Legal Officer and Corporate Secretary

About

At 48 years old, he holds a Bachelor of Science (B.S.) degree from the University of Utah.

With over 30 years of experience in the technology and software industry, he has held significant leadership roles at companies such as Microsoft, Adobe, and New Relic where he managed large-scale operations and product development initiatives.

He was appointed as Chief Executive Officer of GTLB on December 5, 2024, and also assumed the role of a Class III director on the board, succeeding co-founder Sytse Sijbrandij.

$GTLB Performance Under William Staples

Past Roles

OrganizationRoleDate RangeDetails
New Relic, Inc. Chief Executive Officer & Board Member July 2021 to December 2023 Ended upon transition to GTLB CEO
New Relic, Inc. President & Chief Product Officer January 2021 to July 2021 Role prior to CEO appointment
Adobe Inc. Vice President of Experience Cloud Engineering September 2017 to January 2020 Led the global engineering team for Experience Cloud
Microsoft, Inc. Various Roles; most recent as Vice President of Azure Application Platform 1999 to March 2016 Held multiple positions in product, design, and engineering

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$600,000 annually Semi-monthly installments Fixed annual salary per employment agreement
Legal Fee ReimbursementUp to $15,000 Reimbursed as incurredCovers attorneys' fees for review, negotiation, drafting, and execution of the agreement
Company-Sponsored BenefitsN/A In accordance with company plansEligibility for medical, vision, dental, and 401(k) benefits; specifics governed by respective plans
Termination Benefits - Standard12 months base salary; Pro-rata bonus; 12 months benefits continuation Triggered upon termination without cause or resignation for good reasonBase salary continuation, bonus earned through termination date, and benefits (or COBRA) for 12 months
Termination Benefits - Corporate Transaction18 months base salary; Pro-rata bonus plus bonus accrued during severance; 18 months benefits continuation Triggered upon termination in connection with a corporate transactionEnhanced severance package with additional bonus accrual and extended benefits continuation
Restricted Stock Units (RSUs)$24.0 million Vest quarterly over four years with a six-month cliffRSUs of the Company’s Class A common stock; vesting subject to continuous employment as CEO

Performance Compensation

Data from  FY 2024

Bonus Compensation

MetricDetail
Target Bonus$600,000
Performance MetricsNot detailed for 2024
Evaluation PeriodFiscal Year 2024
Threshold/CapNot provided

Performance Stock Units (PSUs)

MetricDetail
Award Value$16.0 million
Vesting ScheduleThree equal tranches over fiscal years 2026, 2027, and 2028
Performance MetricsNot specified for 2024
ConditionsContinuous employment as CEO; unvested PSUs forfeited if conditions are not met
Grant DateDecember 4, 2024 (per Offer Letter)
Grant Date Stock PriceNot specified
Grant Date Fair ValueNot separately provided