Pinterest adds prorated target bonus to Level 21 employee severance plan

• Pinterest amended and restated its Level 21 employee severance and change-in-control plan, effective Sept. 30, 2026.
• Terminations without cause outside a change in control now include a pro-rated portion of the target annual bonus.
• Change-in-control exits without cause or for good reason now include a bonus tied to the higher of target or actual performance.
• Equity acceleration shifts to a single-trigger structure only when awards are not assumed, substituted, continued, or replaced.
• Good reason now includes a cut of more than 10% to a participant’s target annual bonus.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pinterest Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001506293-26-000136), on October 02, 2026, and is solely responsible for the information contained therein.