Boardroom Alpha
Start trial
10-Q primary document
RELY · Quarterly Report (Form 10-Q) · Filed May 6, 2026

Remitly Global Inc — 10-Q exhibit

exhibit103-pankajletteragr.htm
Remitly Global Inc on Boardroom Alpha
Document
remitly_header.jpg
Exhibit 10.3

February 13, 2026
Pankaj Sharma
c/o Remitly Global, Inc.
401 Union Street, Suite 1000
Seattle,    WA 98101

RE: Compensation
Dear Pankaj:
    We are very grateful for your long and dedicated service to Remitly Global, Inc. (“Remitly”). You are a valued member of our management team and we have benefited tremendously from your expertise over the years. As part of Remitly’s ongoing evaluation of its leadership’s compensation, Remitly would like to offer you a long-term cash incentive arrangement (the “Incentive Arrangement”) in an aggregate amount of $2,000,000, to be paid to you subject to the terms and conditions set forth in this letter.
    The Incentive Arrangement will vest and be paid to you in two equal installments. The first installment of $1,000,000 will be paid to you no later than February 28, 2026, and the second installment of $1,000,000 will be paid to you if you remain employed by Remitly through and including the one-year anniversary of the first installment payment date. Each applicable installment of the Incentive Arrangement will be paid to you through Remitly’s normal payroll process, and subject to all applicable tax withholding and deductions. If your employment with Remitly terminates for any reason (other than a termination by Remitly without Cause (as defined in your Change in Control and Severance Agreement) and other than in the case of your death or disability) within one year after the payment of either the first or second installment, as applicable, you acknowledge and agree to voluntarily repay to Remitly such installment, in each case net of any taxes you have paid or are required to pay in respect thereof, no later than the date of your termination of employment.
This letter will be governed and construed in accordance with the laws of the State of Washington, without regard to principles of conflicts of law of any jurisdiction. We look forward to continuing our mutually rewarding relationship and your continued contributions to Remitly’s business. Thank you.


    

Sincerely,

By: /s/ Matthew Oppenheimer        
Matthew Oppenheimer
Chief Executive Officer

Acknowledged and Agreed:

/s/ Pankaj Sharma        
Pankaj Sharma
2
    
Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer