Upstart Holdings Inc. has announced new compensation terms for several executives as part of a leadership transition. Paul Gu, the company's Co-founder and current Chief Technology Officer, will become Chief Executive Officer effective May 1, 2026. Gu's annual base salary will be $540,000, with eligibility for a discretionary bonus in 2026 equal to 100% of his base salary. He will also receive a performance-based restricted stock unit $(PRSU)$ award valued at $37 million, vesting in the first quarter of 2030 based on Upstart's relative total stockholder return compared to companies in the F-Prime Fintech Index. Dave Girouard, the outgoing CEO, will transition to Executive Chairman with a reduced annual base salary of $15,000. Additionally, Ms. Blankmeyer will receive an annual base salary of $450,000 and a target discretionary bonus in 2026 equal to 75% of her base salary. She will be granted $5 million in RSUs, vesting over four years, and $6 million in PRSUs, which will vest according to the same performance schedule as Gu's award.

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