Boardroom Alpha
Meeting calendar
CPNG · Annual meeting · Thursday, June 11, 2026

Coupang Inc

8 nominees · 3 ballot items.

Election of eight directors; Ratification of Samil PricewaterhouseCoopers as independent registered public accounting firm for fiscal year ending December 31, 2026; Non-binding (advisory) approval of named executive officer compensation (Say-on-Pay).

Market cap
$30.3B
1Y TSR
-40.8%
Board grade
C-
Record date
Apr 13, 2026
Filing
DEF 14A
Meeting concluded · Jun 11, 2026

Follow how the vote landed and what changed on Coupang Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot3

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect the eight director nominees named in the proxy to hold office until the 2027 annual meeting and until their successors are elected and qualified.

  2. 2

    Ratification of Appointment of Independent Registered Public Accounting Firm

    ManagementBoard: FOR

    Ratify the Audit Committee’s selection of Samil PricewaterhouseCoopers as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

  3. 3

    Advisory Vote on Named Executive Officer Compensation (Say-on-Pay

    ManagementBoard: FOR

    Non-binding advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the Compensation Discussion and Analysis and compensation tables.

    More detail

    This proposal asks stockholders to cast a non-binding advisory vote to approve the Company’s disclosed executive compensation program, including the Compensation Discussion and Analysis and accompanying tables. Management is seeking this advisory approval as a standard corporate governance practice to confirm that its pay decisions for named executive officers align with stockholder interests and to solicit shareholder feedback to inform future pay decisions. The Company’s compensation program is characterized by a pay-for-performance philosophy with a substantial portion of executive pay delivered through multi-year equity awards (RSUs and PSUs) intended to align long-term executive incentives with stock price appreciation and business performance; the Compensation Committee uses an external consultant (Compensia) and a peer group for benchmarking. Notable contextual points include retention and recruitment needs in competitive markets, use of performance-based PSUs with performance objectives (some of which the Company declined to disclose in detail citing competitive harm), and the presence of clawback and change-in-control/severance arrangements that affect vesting and payout. The proxy also discloses pay-versus-performance metrics showing divergence between compensation actually paid (CAP) and total stockholder return (TSR) in some years, which could be a point of investor scrutiny even though the Company emphasizes long-term equity alignment and the multi-year vesting schedules. The Board’s rationale for recommending a FOR vote is that the mix of base salary, cash retention incentives, and multi-year equity awards appropriately balances short- and long-term incentives, supports retention, and aligns executives with stockholder value, and the Board will consider the say-on-pay vote results when making future compensation decisions. Potential investor concerns include the CEO-to-median employee pay ratio and the materiality and opacity of some performance targets; the Company argues these features are necessary to preserve competitive positioning and to incentivize long-term value creation. Because the vote is advisory, passage would signal shareholder support for the overall approach while a negative outcome would prompt the Board and Compensation Committee to reassess and potentially modify elements of the executive pay program.

Director elections

Nominees on the ballot8

Not independent
Tenure on this board
16.2 yrs
Not independent
Tenure on this board
15.6 yrs
Independent
Tenure on this board
2.1 yrs
Also a director at
Home Depot Inc (HD)
Ownership

Top institutional holders10

Latest 13F quarter
1SB INVESTMENT ADVISERS (UK) LTD16.1%289,542,259$5.5B
2BAILLIE GIFFORD CO4.7%84,784,457$1.6B
3DODGE COX4.0%72,008,120$1.4B
4MORGAN STANLEY2.7%49,206,450$929M
5Capital International Investors2.5%44,309,107$836M
6TIGER GLOBAL MANAGEMENT LLC1.9%34,595,407$653M
7Artisan Partners Limited Partnership1.9%33,669,665$636M
8BlackRock, Inc.1.7%30,501,732$576M
9Dragoneer Investment Group, LLC1.6%27,852,856$526M
10GREENOAKS CAPITAL PARTNERS LLC1.4%25,704,927$485M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Coupang Inc 2026 annual meeting?
Coupang Inc (CPNG) holds its 2026 annual shareholder meeting on Thursday, June 11, 2026.
What is the record date for the Coupang Inc 2026 meeting?
The record date for the Coupang Inc 2026 meeting is Monday, April 13, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Coupang Inc's 2026 meeting?
The board is presenting 8 director nominees at the Coupang Inc 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Coupang Inc 2026 meeting?
Shareholders will vote on 3 proposals at the Coupang Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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