Jacqueline Reses
TaskUsAbout Jacqueline Reses
Jacqueline Reses (age 55) is an independent director of TaskUs, Inc., serving since 2019 and currently Chair of the Compensation Committee. She is Chair and CEO of Lead Bank, and previously held senior roles at Block (Square), Yahoo!, and Apax Partners; she is nominated as a Class I director for re-election to a term expiring in 2028 if approved at the 2025 annual meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Block, Inc. (formerly Square, Inc.) | Executive Chairman, Square Financial Services; Capital Lead; People Lead | Oct 2015–Oct 2020; People Lead Feb 2016–Jul 2018 | Executive leadership across financial services; HR leadership; capital allocation |
| Yahoo! Inc. | Chief Development Officer | Sep 2012–Oct 2015 | Corporate development and strategy |
| Apax Partners Worldwide LLP | Partner; led U.S. media group | Joined 2001 | Private equity investing; sector leadership |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lead Bank; Luna Parent, Inc. | Chair and CEO; co-founder of Luna Parent (acquired Lead Bank in 2022) | 2021–present | Fintech infrastructure leadership |
| Affirm Holdings, Inc. | Director | Current | Public company board experience |
| Nu Holdings Ltd. | Director | Current | Public company board experience |
| Endeavor Group Holdings, Inc. | Director | Prior 5 years | Prior public company board service |
| ContextLogic (Wish) | Director | Prior 5 years | Prior public company board service |
| Pershing Square Tontine Holdings | Director | Prior 5 years | SPAC governance experience |
| Social Capital Hedosophia Holdings Corp. | Director | Prior 5 years | SPAC governance experience |
Board Governance
- Committee assignments: Chair, Compensation Committee; member roster includes Reses (Chair), Dixit, Gonzalez, Mehta; 5 meetings held in FY2024 .
- Independence: Board affirmatively determined Reses is independent under Nasdaq rules; 7 of 9 directors are independent .
- Attendance: Board met 5 times; all incumbents except Mr. Dixit attended at least 75% of board/committee meetings—implies Reses met or exceeded 75% .
- Board structure: Controlled company with ~97.5% combined voting power held by Blackstone and co-founders; multi-class structure (Class B = 10 votes/share); lead independent director is Jill Greenthal .
- Executive sessions: Independent directors meet in executive session at least twice per year .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Board Retainer (cash) | $60,000 | Increased from $50,000 in May 2024 |
| Compensation Committee Chair Retainer (cash) | $15,000 | Annual chair fee |
| 2024 Cash Fees Earned (Reses) | $70,941 | Actual cash paid |
Performance Compensation
| Component | Grant Date | Units | Fair Value | Vesting |
|---|---|---|---|---|
| Annual Director Equity Retainer (RSUs) | May 23, 2024 | 14,342 | $205,664 | Vests on May 22, 2025 (earlier of 1st anniversary or next annual meeting) |
| Director Options (outstanding) | Various | 214,089 (exercisable) | — | Exercisable as of Dec 31, 2024 |
- Director equity is time-based RSUs; no performance metrics or PSU structures apply to non-employee directors at TaskUs. Annual equity retainer increased to $180,000 in May 2024; initial election equity grant is $250,000 in RSUs vesting over three years .
- Compensation Committee responsibilities include setting executive pay philosophy, goals/metrics, equity plans, and director pay recommendations; independence affirmed for all committee members .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public boards | Affirm Holdings, Inc.; Nu Holdings Ltd. |
| Prior public boards (last 5 yrs) | Endeavor Group Holdings; ContextLogic; Pershing Square Tontine; Social Capital Hedosophia |
| Compensation Committee interlocks | None disclosed for TaskUs; no reciprocal executive/director service interlocks noted |
Expertise & Qualifications
- Board skills matrix identifies Reses with senior leadership, public company board, global business, finance/accounting/risk, information technology/AI/cybersecurity, and business development/M&A/growth expertise .
- Education: Bachelor’s degree with honors from the Wharton School, University of Pennsylvania .
Equity Ownership
| Holder | Shares Class A | % of Class A | Class B | Voting Power % | Notes |
|---|---|---|---|---|---|
| Jacqueline Reses | 234,295 | 1.2% | — | * | Beneficial ownership as of Mar 1, 2025 |
| Unvested RSUs (as of Dec 31, 2024) | 14,342 | — | — | — | Granted May 23, 2024, vest May 22, 2025 |
| Exercisable Options (as of Dec 31, 2024) | 214,089 | — | — | — | Outstanding options exercisable |
- Hedging and pledging: Company policy prohibits directors from hedging or pledging company stock; prohibits margin purchases and short sales .
- Shares pledged: No pledging by Reses disclosed; company policy forbids it .
Governance Assessment
- Effectiveness and independence: As Compensation Committee Chair, Reses oversees pay-for-performance alignment and equity plan design; independence affirmed, attendance threshold met, and committee workload consistent with governance best practices .
- Alignment and incentives: Director compensation mix skews to equity (2024 equity grant fair value $205,664 vs. cash fees $70,941), supporting ownership alignment; RSUs vest over short cycles to maintain current alignment without undue risk-taking .
- Potential conflicts: No related-person transactions involving Reses disclosed; broader related-party transactions relate primarily to Blackstone affiliates and are managed under policy and Audit Committee oversight .
- Risk indicators: Controlled company status and dual-class voting limit minority influence; however, independent lead director, executive sessions, and established committee charters provide counterbalances. Securities trading policy mitigates hedging/pledging risks for directors .
- Signals for investors: Reses’ fintech and AI-adjacent experience strengthens oversight of human capital, compensation structures, and technology impact on operations—relevant as TaskUs pivots to AI-enabled services. No interlock or attendance red flags; equity-heavy director pay and explicit trading prohibitions support investor confidence .