Patricia Fili-Krushel
About Patricia Fili-Krushel
Independent director of Reddit, Inc. since January 2022; age 71. Former CEO of Coqual and senior executive across NBCUniversal/Comcast and Time Warner; MBA (Fordham Gabelli) and BS (St. John’s). The Board affirms her independence for service on the Board and its committees. She serves as Chair of the Compensation and Talent Committee.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Coqual | Chief Executive Officer | Sep 2018 – Feb 2021 | Led global think tank/advisory group on workplace equity |
| Comcast/NBCUniversal | Chair, NBCUniversal News Group; CHRO & EVP, NBCUniversal | Jan 2011 – Nov 2015 | Oversaw news operations and human capital strategy |
| Time Warner Inc. | CHRO & EVP, Administration | Apr 2001 – Dec 2010 | Enterprise HR and administrative leadership |
| ABC Television; Disney ABC Television Group; Lifetime; HBO; ABC Sports | Senior/executive roles | Prior to 2001 (dates not individually specified) | Media operations leadership and content businesses |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Chipotle Mexican Grill, Inc. | Director | Mar 2019 – present | Current public company directorship |
| Dollar General Corporation | Director | Oct 2012 – Aug 2024 | Former public company directorship |
Board Governance
- Committee assignments: Chair, Compensation and Talent Committee; members: Sarah Farrell and Porter Gale; committee fully independent.
- Independence: Reddit identifies seven of eight director nominees, including Fili-Krushel, as independent under NYSE and SEC rules.
- Attendance and engagement: In 2024, Board met 7 times; Compensation and Talent Committee met 4 times; each director attended ≥75% of Board and applicable committee meetings.
- Executive sessions: Non-employee directors meet in executive session periodically, at least twice per year.
- Board leadership: Independent Chair (David Habiger) and independent Vice Chair (Robert Sauerberg); Lead Director not designated because the Chair is independent.
- Interlocks: No compensation committee interlocks or insider participation reported for 2024.
Fixed Compensation
| Component (Non-Employee Director Program) | Amount (USD) | Notes |
|---|---|---|
| Annual Board retainer | $60,000 | Paid in cash quarterly; directors may elect RSUs in lieu of cash |
| Compensation & Talent Committee Chair fee | $20,000 | Annual cash; members (non-chair) $10,000 |
| Audit Committee Chair fee | $25,000 | Members (non-chair) $12,500 |
| Nominating & Corporate Governance Chair fee | $15,000 | Members (non-chair) $7,500 |
| Annual RSU grant (board equity) | $250,000 | Grants at annual meeting; vests at 1 year or next annual meeting |
| 2024 Director Compensation (Fili-Krushel) | Amount (USD) |
|---|---|
| Fees earned/paid in cash | $60,000 |
| Stock awards (grant-date fair value, ASC 718) | $295,578 |
| Total | $355,578 |
Directors can elect RSUs in lieu of cash, with RSUs fully vested on grant for these conversions; non-employee director RSUs fully vest upon change-of-control.
Performance Compensation
| Award | Grant Date | Shares (#) | Grant-Date Fair Value (USD) | Vesting |
|---|---|---|---|---|
| Annual RSU (Board) | May 30, 2024 | 5,128 | $295,578 | Fully vests on earlier of May 30, 2025 or 2025 annual meeting, subject to continued service |
| Prior RSU (Board) | Feb 9, 2023 | 9,806 (4,903 unvested at 12/31/24) | Not stated here | Remaining 4,903 vested Feb 9, 2025, subject to continued service |
Options: None reported for Fili-Krushel in 2024 and outstanding as of year-end.
Other Directorships & Interlocks
| Company | Current/Former | Potential Interlock/Conflict |
|---|---|---|
| Chipotle Mexican Grill, Inc. | Current | No related-party transactions disclosed with Reddit; compensation committee interlocks explicitly reported as none. |
| Dollar General Corporation | Former | No ongoing ties reported post-Aug 2024. |
- Advance Publications governance: Advance designates two directors (Newhouse, Sauerberg) and one designee on each committee other than Audit; Reddit subleases space from Advance. Oversight of related-party transactions rests with the Audit Committee.
Expertise & Qualifications
- Deep entertainment/media and HR leadership experience (NBCUniversal News Group Chair; CHRO roles at NBCUniversal and Time Warner).
- Educated with MBA (Fordham Gabelli) and BS (St. John’s); the Board cites her established media/entertainment experience as qualification.
Equity Ownership
| Holder | Class A Shares Owned | % of Class A | RSUs settleable ≤60 days | Options (exercisable ≤60 days) |
|---|---|---|---|---|
| Patricia Fili-Krushel | 27,033 | <1% | 5,128 | None |
- Breakdown: 21,905 Class A common shares plus 5,128 RSUs settleable within 60 days of March 31, 2025.
- Stock ownership guidelines: Non-employee directors must hold shares equal to 5x annual Board fee; current minimum threshold $300,000; compliance required by Dec 31, 2029 for directors serving as of March 20, 2024.
- Hedging and pledging: Prohibited under Reddit’s Insider Trading Policy.
Insider Trades (2025)
| Date | Form | Transaction | Shares | Price | Post-Transaction Holdings | Link |
|---|---|---|---|---|---|---|
| Oct 5, 2025 (filed Oct 7) | Form 4 | Acquisition (settlement of fully vested director RSUs) | 94 | $0 | 29,706 |
Additional filed Form 4s (details available in EDGAR):
- Jun 11, 2025 (Period of Report Jun 9, 2025):
- Jul 5, 2025:
- Apr 8, 2025: (aggregator referencing SEC filings)
Governance Assessment
- Strengths: Independent director and committee chair; compensation committee fully independent; explicit oversight of clawback policy, succession planning, and non-employee director pay; strong attendance culture; executive sessions of non-employee directors.
- Alignment: Director compensation mix emphasizes equity RSUs with annual grants and optional RSU in lieu of cash; robust director ownership guidelines and prohibition on hedging/pledging support investor alignment.
- Potential risks/RED FLAGS to monitor:
- Controlled company eligibility and governance rights granted to Advance (e.g., committee representation other than Audit, consent rights); however, Reddit has voluntarily maintained majority independent Board and independent committees.
- Related-party exposure via Advance subleases; Audit Committee retains approval authority over related-party transactions.
- No disclosed conflicts specific to Fili-Krushel; no compensation committee interlocks; no pledging or hedging permitted.