MongoDB names Dev Ittycheria interim CEO; CFO Michael Berry gets $10 million retention award
MongoDB's board appointed Dev Ittycheria as interim president and chief executive officer effective September 28, 2026, and his employment agreement, signed October 14, 2026, sets a $500,000 base salary and a $15 million RSU grant. The company also granted CFO Michael Berry a $10 million service-vesting RSU retention award, which signals the company is locking in senior leadership during a CEO transition.
Key points
- Ittycheria's pay: $500,000 base salary, $500,000 sign-on bonus, and a 70% target bonus ($350,000), prorated for fiscal 2027
- Ittycheria RSU grant valued at $15 million, vesting in four quarterly installments through October 1, 2027
- Berry retention RSU grant valued at $10 million, vesting in three installments from April 1, 2027 to April 1, 2028
- Ittycheria's advisory agreement from October 2025 is replaced by the new employment agreement
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.