Lauren Friedman Stat
Palantir TechnologiesAbout Lauren Friedman Stat
Independent director at Palantir since January 2021; age 41 as of April 11, 2025. Background spans two decades across healthcare and technology consulting, including 15 years at Accenture; education: B.S. in Science, Technology, and Society with dual concentration in Math and Chemistry from Stanford University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Accenture | Senior advisor to Fortune 100 companies | Oct 2005 – Jan 2021 | Led sales pursuits, managed global operations, drove segment growth/profitability |
| Friendly Force (satellite communications) | Fractional Chief Administration Officer; Advisor | Dec 2021 – Dec 2022; Advisor until Dec 2024 | Operating leadership; advisory support |
| Notley (social impact venture) | Executive in Residence | Jun 2021 – Jun 2022 | Ecosystem engagement |
| Figa Jewelry (3D printed) | Managing Member & CEO | Since Jul 2022 | Founder/operator |
| Health/software tech companies; non-profit healthcare | Advisor; Board roles | Various | Industry/domain advisory roles |
External Roles
| Organization Type | Role | Notes |
|---|---|---|
| Health/software technology companies | Advisor; Director | Company names not disclosed in proxy |
| Non-profit healthcare organization | Director | Not specified in proxy |
Board Governance
- Independence: Board determined Stat is independent under Nasdaq listing rules; Audit Committee members must meet additional Rule 10A-3 independence criteria .
- Committee assignments: Audit Committee member; Audit chaired by Eric Woersching. Audit responsibilities include oversight of internal controls, compliance, risk, pre-approval of audit services, and related-party transaction review .
- Meeting cadence and attendance: Board held 4 meetings in FY2024; Audit Committee held 5; Compensation, Nominating & Governance (CNG) held 8. Each incumbent director attended at least 75% of Board and committee meetings of which they were members .
- Executive sessions: Non-employee directors meet in executive session without management at least twice per year, led by independent directors .
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Board annual cash retainer | $40,000 | Outside Director Compensation Policy |
| Audit Committee member retainer | $12,500 | Non-chair member fee |
| Total cash (FY2024) | $52,500 | Per director compensation table |
Performance Compensation
| Equity/Provision | Detail | Notes |
|---|---|---|
| Annual RSU grant (FY2024) | $299,992 grant date fair value | Per director compensation table |
| Outstanding RSUs (12/31/2024) | 12,610 RSUs | As of fiscal year-end |
| Grant timing | First trading day after each annual meeting | Automatic, nondiscretionary under policy |
| Vesting schedule | Earlier of 1-year from grant or day before next annual meeting | Time-based; service-required |
| Performance metrics | None; director RSUs are time-based | No TSR/EBITDA/ESG metrics for directors |
| Change-of-control treatment | Restrictions lapse; performance awards deemed at 100% | 2020 Plan provisions for outside directors |
| Clawback/recoupment | Company adopted Clawback Policy in Oct 2023; 2020 Plan awards subject to recoupment | Applies per SEC/exchange rules; plan subject to clawback |
Equity Ownership
| Holder | Class/Type | Shares | Notes |
|---|---|---|---|
| Lauren Friedman Stat | Class A (direct) | 48,729 | Direct ownership |
| Spouse | Class A (direct) | 88,129 | Included in beneficial ownership |
| RSUs vesting/settling within 60 days | Class A | 12,610 | Counted in beneficial ownership per SEC rules |
| Total beneficial ownership | Class A (aggregate) | 149,468 | <1% of votes outstanding |
| Pledging/hedging | None disclosed for Stat | Insider Trading Policy prohibits NEO hedging/pledging; limited exceptions for directors noted; no pledging flag for Stat in ownership table |
RED FLAGS: None specifically identified for Stat (no pledging/hedging disclosed; no related-party transactions disclosed involving Stat). Note: other directors have pledging (e.g., Moore pledged 1,000,000 shares; Thiel pledged 10,635,784 shares), but Stat is not flagged .
Other Directorships & Interlocks
- The proxy notes service on boards of health and software technology companies and a non-profit healthcare organization but does not list specific entities or interlocks with Palantir customers/suppliers; no related-party transactions disclosed involving Stat .
Expertise & Qualifications
- Industry: Healthcare and technology; advisory to Fortune 100 via Accenture; leadership in sales pursuits and global operations; segment growth/profitability experience .
- Education: B.S. STS with dual Math and Chemistry concentration, Stanford University .
- Board contribution: Business/leadership breadth; Audit Committee service supports risk oversight and financial literacy profile .
Governance Assessment
- Alignment and incentives: Director pay is majority equity (FY2024 cash $52.5k vs RSUs $299,992), promoting long-term alignment; RSUs are time-based without performance metrics, consistent with many tech governance practices .
- Independence and oversight: Independent status; Audit Committee membership; board engages in regular executive sessions; robust committee meeting cadence (Audit 5; CNG 8) .
- Attendance and engagement: At least 75% attendance threshold met across incumbents; Board met 4 times in FY2024 .
- Shareholder support signal: 2025 director election support was strong for Stat (For: 3,255,395,160; Withheld: 19,786,618), the highest among nominees, indicating positive investor confidence in her board role .
- Conflicts/related-party exposure: No related-person transactions involving Stat disclosed; Audit Committee oversees related transactions policy .
Director Election Results (2025)
| Nominee | For Votes | Withheld | Broker Non-Votes |
|---|---|---|---|
| Lauren Friedman Stat | 3,255,395,160 | 19,786,618 | 414,188,876 |
Notes on Policies Relevant to Alignment and Risk
- Insider Trading Policy prohibits hedging and pledging for NEOs; directors may have limited exceptions, but no exception/pledging disclosed for Stat .
- Clawback: Non-discretionary recovery of excess incentive-based compensation for executive officers in event of accounting restatement; 2020 Plan awards (including director awards) subject to recoupment .
- Outside Director Compensation cap: Aggregate annual director compensation (cash + equity) capped at $750,000; $1,500,000 cap in first year as outside director .