Rapid7 Inc
11 nominees · 3 ballot items.
Election of eleven directors; ratification of KPMG LLP as independent registered public accounting firm for fiscal 2026; and an advisory (non-binding) vote to approve named executive officer compensation (say-on-pay).
Follow how the vote landed and what changed on Rapid7 Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElect eleven (11) director nominees to hold office until the 2027 Annual Meeting.
- 2
Ratification of Selection of Independent Registered Public Accounting Firm
ManagementBoard: FORRatify the Audit Committee’s selection of KPMG LLP as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2026.
- 3
Advisory Vote on Named Executive Officer Compensation (Say-on-Pay
ManagementBoard: FORNon-binding, advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the proxy statement (say-on-pay).
More detail
This management proposal requests a non-binding advisory vote approving the Company’s named executive officers’ compensation as disclosed in the proxy statement, a regulatory requirement under the Dodd-Frank Act and SEC rules that enables stockholders to express their views on executive pay. Management seeks approval to confirm stockholder support for its compensation philosophy, which it describes as pay-for-performance and designed to align executive interests with long-term shareholder value through a mix of annual cash bonuses and long-term equity incentives. For 2025, target pay was heavily performance-based (approximately 95% for the CEO and ~91% on average for other NEOs) and the long-term program used a 50% PSU / 50% RSU split, with PSUs tied to Adjusted EBITDA and ARR/Net ARR metrics and annual bonuses equally weighted between ARR and Non-GAAP Operating Income. The Company achieved its profitability-related targets (Non-GAAP Operating Income and Adjusted EBITDA) but missed ARR-related thresholds, producing a 50% payout on the annual bonus (50% of target) and 50% of PSUs earned (Adjusted EBITDA achieved, ARR/Net ARR not met), subject to continued service-based vesting. The Compensation Committee frames the design as balancing durable growth and disciplined profitability, using peer benchmarking, independent consultants, clawback policy and double-trigger change-in-control protections to mitigate risk and align incentives. The Board recommends a “FOR” vote, citing alignment with stockholder interests, the predominance of performance-based pay, and ongoing stockholder engagement (including prior high advisory approval levels). While advisory and non-binding, the vote provides governance feedback that the Board and Compensation Committee will consider in future compensation determinations; investors should weigh the program’s strong performance linkage against the year’s mixed metric outcomes and the outsized impact of equity valuation volatility on reported CEO pay metrics.
Nominees on the ballot11
Top institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | JANA Partners Management, LP | 10.1% | 6,743,653 | $37M |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.7% | 5,164,572 | $28M |
| 3 | BlackRock, Inc. | 4.9% | 3,262,064 | $18M |
| 4 | UBS Group AG | 4.4% | 2,909,819 | $16M |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 4.0% | 2,676,030 | $15M |
| 6 | TWO SIGMA INVESTMENTS, LP | 3.3% | 2,233,928 | $12M |
| 7 | STATE STREET CORP | 3.2% | 2,112,058 | $12M |
| 8 | BlackRock, Inc. | 2.6% | 1,768,460 | $10M |
| 9 | ACADIAN ASSET MANAGEMENT LLC | 2.6% | 1,766,468 | $10M |
| 10 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2.1% | 1,390,406 | $8M |
Other Technology sector meetings6
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Frequently asked questions
- When is the Rapid7 Inc 2026 annual meeting?
- Rapid7 Inc (RPD) holds its 2026 annual shareholder meeting on Tuesday, June 9, 2026.
- What is the record date for the Rapid7 Inc 2026 meeting?
- The record date for the Rapid7 Inc 2026 meeting is Wednesday, April 15, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Rapid7 Inc's 2026 meeting?
- The board is presenting 11 director nominees at the Rapid7 Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Rapid7 Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Rapid7 Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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