Jaspar Weir

About Jaspar Weir

Jaspar Weir is TaskUs’ Co‑Founder (2008), President (since 2008), and a Class II director (since October 2018). He holds a Bachelor's degree from the University of Southern California and is described as focusing on transformational growth and corporate development; age 39 as of the 2025 proxy record date . Company performance during his ongoing tenure includes 2024 revenue of $995.0M, Adjusted EBITDA of $209.9M (21.1% margin), and exiting Q4 2024 with 17% YoY revenue growth . TSR metrics were not disclosed in the proxy.

Past Roles

External Roles

Fixed Compensation

• The company provides scaled executive compensation disclosure as an Emerging Growth Company (EGC); Weir’s specific compensation (base salary, bonus, equity grant values) is not included in the named executive officer tables and was not disclosed .
• Company program structure (context): base salary; Annual Incentive Plan (AIP); and long‑term equity incentives (RSUs and PSUs). The Compensation Committee (with an independent consultant) emphasizes pay‑for‑performance alignment and majority performance‑based incentives for executives .

Performance Compensation

• Company AIP design for 2024 used revenue and Adjusted EBITDA percentage as the performance metrics, with payout curves by achievement bands; actual 2024 results were $995.0M revenue and 21.1% Adjusted EBITDA margin. AIP payout mechanics and realized payouts were disclosed for other NEOs; Weir’s AIP participation/payouts were not disclosed .

Equity Ownership & Alignment

• TaskUs is a controlled company: Blackstone funds plus Co‑Founders Bryce Maddock and Jaspar Weir collectively hold ~97.5% of combined voting power (ten‑vote Class B vs one‑vote Class A), enabling control of stockholder matters while the Class B remains ≥9.1% of total shares .
• Securities trading policy prohibits directors and officers from hedging or pledging company stock, and from purchasing on margin or borrowing against accounts holding company securities, reinforcing alignment and reducing forced‑sale risk .

Employment Terms

• Weir’s individual employment agreement, severance, non‑compete, non‑solicit, and change‑of‑control terms were not disclosed in the proxy’s employment agreements section (which covered CEO, CCO, and COO only) .
• Historical Stockholders Agreement provisions: Co‑Founders and Sponsor have designation rights and certain approval rights; early transfer restrictions applied to Co‑Founders until the third anniversary of the IPO (June 2024). Sponsor‑related pledge cooperation applies to Sponsor, not to directors/officers under the company’s trading policy .

Board Governance

• Board class and term: Weir is a Class II director; current term expires at the 2026 Annual Meeting .
• Independence and committees: Weir is a non‑independent director and, per the committee matrix, is not shown as a member of Audit, Compensation, or Nominating & ESG committees .
• Dual‑role implications: The CEO (Bryce Maddock) also serves as Chair; the board appoints a Lead Independent Director (Jill Greenthal) with defined authorities to mitigate concentration of power and ensure independent oversight . TaskUs qualifies as a Nasdaq “controlled company” and may rely on certain governance exemptions, though a majority of directors are independent .

Director Compensation

• Executive directors (Maddock and Weir) are not separately compensated for board service (no director retainer or director equity awards) .

Performance & Track Record (Company context)

• 2024 results: revenue $995.0M; Adjusted EBITDA $209.9M (21.1% margin); 39 new clients in 2024; ~200 clients at year‑end; multiple industry “Leader” recognitions (Trust & Safety; Financial Crime & Compliance; Data Annotation) .
• Strategic focus: expanding AI‑driven services and complex, regulated verticals; taking share via operational excellence; documented in shareholder letter .

Related Party & Control Considerations

• Controlled company: dual‑class structure and combined control by Blackstone and Co‑Founders confer ongoing approval rights over certain actions (issuances, amendments, extraordinary transactions) and board designation rights, potentially affecting governance independence and strategic optionality .
• Ordinary‑course transactions with Blackstone affiliates: $0.8M paid for products/services and $9.3M revenue recognized from Blackstone‑affiliated entities in 2024; reviewed under related‑party policies .

Risk Indicators & Signals

• Hedging/pledging ban for insiders reduces leverage‑related trading risks .
• Take‑private process terminated: An October 2025 special meeting did not approve the proposed merger; the merger agreement was mutually terminated without a fee. This outcome affects near‑term event arbitrage and ownership trajectory .

Investment Implications

• Alignment: Weir’s substantial beneficial ownership and 16.1% voting power indicate strong economic and voting alignment with shareholders; the anti‑hedging/pledging policy further reduces misalignment risks .
• Governance: Non‑independent director status, co‑founder role, and controlled company structure concentrate influence. The presence of a Lead Independent Director and majority‑independent board are mitigating factors, but committee non‑membership limits Weir’s formal oversight roles .
• Compensation visibility: Limited EGC disclosure for Weir constrains pay‑for‑performance analysis; however, company‑wide incentive designs center on revenue and Adjusted EBITDA metrics with multi‑year RSU/PSU structures, suggesting performance linkage at the executive level .
• Event risk: The terminated take‑private process removes near‑term M&A catalysts; continued focus on AI services, diversified verticals, and operating efficiency are key levers for value creation under the current control structure .