William Griffith
About William Griffith
William Griffith, 53, is an independent Class III director of ServiceTitan, Inc. (TTAN) and has served on the board since November 2016; his current term expires at the 2027 annual meeting . He is a Partner at ICONIQ Capital, LLC and founded ICONIQ Growth, the firm’s venture and growth equity investing platform; previously he was a General Partner at Technology Crossover Ventures (TCV) and began his career at Morgan Stanley and The Beacon Group. He holds an M.B.A. from Stanford Graduate School of Business and an A.B. in History and Engineering from Dartmouth College .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ICONIQ Capital, LLC | Partner; Founder of ICONIQ Growth | Jan 2013 – Present | Leads venture/growth equity investing platform |
| Technology Crossover Ventures (TCV) | General Partner | Aug 2000 – Dec 2011 | Growth investing leadership |
| Morgan Stanley; The Beacon Group | Investment banking; private equity | Early career (dates not specified) | Transaction experience |
External Roles
| Company | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Procore Technologies, Inc. (public) | Director | Dec 2015 – Present | Not disclosed |
| BlackLine, Inc. (public) | Director | Sep 2013 – Feb 2020 | Not disclosed |
| Orbitz Worldwide, Inc. (public) | Director | Jul 2007 – Aug 2011 | Not disclosed |
Board Governance
- Committee assignments: Compensation Committee member; Chair is Michael Brown .
- Independence: Board determined him “independent” under Nasdaq rules; compensation committee members meet enhanced independence requirements .
- Attendance: In FY2025, each director attended at least 75% of board and committee meetings, except William Hsu; thus Griffith met the 75% threshold .
- Engagement cadence: FY2025 meetings held – Board: 6; Compensation Committee: 4 .
| Governance Metric | Value |
|---|---|
| Board meetings held (FY2025) | 6 |
| Compensation Committee meetings (FY2025) | 4 |
| Director’s attendance | ≥75% |
| Independence status | Independent (Nasdaq) |
| Current chair roles | None (Comp Committee chaired by Michael Brown) |
Fixed Compensation
TTAN Non‑Employee Director Compensation Program (context for benchmarking):
| Component | Amount |
|---|---|
| Annual cash retainer (director) | $35,000 |
| Lead Independent Director additional retainer | $20,000 |
| Audit Committee – Chair / Member | $20,000 / $10,000 |
| Compensation Committee – Chair / Member | $15,000 / $7,500 |
| Nominating & Corporate Governance – Chair / Member | $8,000 / $4,000 |
| Initial equity (RSUs) | $400,000 grant value, vesting quarterly over 4 years |
| Annual equity (RSUs) | $200,000 grant value, vests after ~1 year |
FY2025 – William Griffith (actual reported):
| Fees earned or paid in cash ($) | Stock awards ($) | Option awards ($) | Total ($) |
|---|---|---|---|
| — | — | — | — |
- Note: Both Nina Achadjian and William Griffith waived cash compensation under the Director Compensation Program .
Performance Compensation
- Directors receive time‑based RSUs under the program; no performance‑conditioned metrics for director pay are disclosed. Annual director equity awards are RSUs with service-based vesting only (initial and annual awards per program terms) .
Other Directorships & Interlocks
| Relationship | Description | Governance Implication |
|---|---|---|
| Major shareholder affiliation | ICONIQ Growth entities beneficially own 15,510,988 Class A shares (20.1% of Class A; 7.3% total voting power). Footnote attributes voting/investment power to principals including William Griffith via GP entities . | Significant sponsor alignment but potential independence scrutiny; board nonetheless deems him independent . |
| Related‑party transaction | Commercial relationship with Dialpad, Inc.; entities affiliated with ICONIQ Growth (beneficial owner >5%) hold >10% of Dialpad. ServiceTitan paid/accrued $4.3 million for services in FY2025 through Mar 31, 2025. Griffith is a director of the GP of several ICONIQ Growth entities; he was not involved in discussions regarding the Dialpad relationship . | Potential conflict; mitigated by non‑involvement and audit committee oversight of related‑party transactions . |
| Compensation committee interlocks disclosure | Proxy notes no comp committee member had relationships requiring Item 404 disclosure, apart from William Griffith (covered under related‑party section) . | Highlights the Dialpad/ICONIQ link as the sole exception. |
Expertise & Qualifications
- Venture/growth equity investor with extensive board experience across enterprise software and technology; prior GP at TCV; investment banking and PE foundation at Morgan Stanley and The Beacon Group .
- Education: M.B.A., Stanford GSB; A.B. in History and Engineering, Dartmouth College .
- Committee focus: Compensation Committee member overseeing executive/director pay, succession planning, and clawback compliance; committee retained Compensia as independent consultant in FY2025 .
Equity Ownership
| Holder | Class A Shares | % of Class A | Class B Shares | % of Voting Power | Notes |
|---|---|---|---|---|---|
| William Griffith | 15,510,988 | 20.1% | — | 7.3% | Shares consist of ICONIQ Growth entities’ holdings; voting/investment power may be deemed to ICONIQ GP principals including Griffith . |
- Hedging/pledging: Company policy prohibits hedging and pledging by directors and employees (Insider Trading Compliance Policy) . No pledging by Griffith is disclosed in the proxy.
Governance Assessment
- Positives
- Experienced investor-director with long-tenured public board service (Procore; prior BlackLine, Orbitz), bringing capital allocation and growth equity perspective to TTAN’s Compensation Committee .
- Independent under Nasdaq standards; attendance met ≥75% threshold; Compensation Committee met four times in FY2025, supported by independent advisor Compensia .
- Waiver of cash director fees in FY2025 signals alignment and reduces cash outlay .
- Watch items / RED FLAGS
- Related‑party exposure: ICONIQ Growth is a major TTAN shareholder; ICONIQ-affiliated Dialpad received $4.3M from TTAN in FY2025 YTD. While Griffith was not involved and policy requires audit review, this is a recurring interlock to monitor for terms and oversight rigor .
- Concentrated ownership dynamics: ICONIQ Growth’s sizable stake (20.1% of Class A; 7.3% voting) can influence governance; continued transparency on recusal and committee independence is important .
- Overall: Strong board skill fit and engagement; independence affirmed. Primary governance risk relates to sponsor interlocks and related‑party transactions—mitigations disclosed (recusal, audit committee policy) should be tested each year via robust disclosure and clear documentation of approvals .