Board Justification

Etsy's compensation philosophy is to attract, retain, and motivate qualified, engaged, and enthusiastic employees who are passionate about our mission. The compensation program aims to fairly reflect each employee’s position, responsibilities, and impact while fostering a culture of shared success through long-term equity awards for employees.

Board Justification

Chad Dickerson was not entitled to receive an annual cash incentive for 2017 due to his resignation prior to the payment date.

Board Justification

For fiscal year 2017, the amounts in this column represent (a) 401(k) match of $8,150, (b) reimbursement of legal fees of $15,000, (c) cash severance of $218,750 and (d) a one-time lump sum payment of $156,250, and (e) $13,139 of COBRA premiums.

Board Justification

The amounts in this column represent the aggregate grant date fair value of RSUs and the incremental fair value related to the accelerated vesting of certain RSUs, computed in accordance with FASB ASC Topic 718. For fiscal year 2017, the amounts in this column represent the aggregate grant date fair value of RSUs equal to $545,075 and incremental fair value related to the accelerated vesting of certain RSUs pursuant to Chad Dickerson’s separation agreement equal to $303,441.