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Newly-minted Planet Fitness CFO Sudhanshu Priyadarshi will receive a $3 million new hire equity award comprised of restricted stock units, the fitness company said in a Thursday securities filing detailing his appointment.
Priyadarshi, who most recently served as finance chief for Keurig Dr. Pepper, will take the CFO reins as well as the role of president, international effective Thursday, according to the filing with the Securities and Exchange Commission. Tom Fitzgerald, a company alum who has served as interim CFO since March, will remain with the Hampton, N.H.-based fitness center operator until mid-September in an advisory capacity to ensure a smooth transition, according to a Thursday press release.
Priyardarshi "brings a results-oriented mindset, ****** ytical approach, and focus on building winning cultures, and I'm confident he will be an integral part of our team at this important time for our organization," CEO Colleen Keating said in a statement. "Sudhanshu's clear track record of driving growth will support Planet Fitness' focus on financial and operational execution and reinforce our position as the industry leader in accessible and high-value fitness."
Priyadarshi's compensation will also include an annual base salary of $900,000 and he will be eligible for an annual cash bonus with a target of 115% of his base, according to the filing. In addition, he will receive a 2026 long-term incentive award with a grant value of $4 million, comprised of 50% RSUs and 50% performance share units, according to the filing.
Newly-minted Planet Fitness CFO Sudhanshu Priyadarshi will receive a $3 million new hire equity award comprised of restricted stock units, the fitness company said in a Thursday securities filing detailing his appointment.
Priyadarshi, who most recently served as finance chief for Keurig Dr. Pepper, will take the CFO reins as well as the role of president, international effective Thursday, according to the filing with the Securities and Exchange Commission. Tom Fitzgerald, a company alum who has served as interim CFO since March, will remain with the Hampton, N.H.-based fitness center operator until mid-September in an advisory capacity to ensure a smooth transition, according to a Thursday press release.
Priyardarshi "brings a results-oriented mindset, ****** ytical approach, and focus on building winning cultures, and I'm confident he will be an integral part of our team at this important time for our organization," CEO Colleen Keating said in a statement. "Sudhanshu's clear track record of driving growth will support Planet Fitness' focus on financial and operational execution and reinforce our position as the industry leader in accessible and high-value fitness."
Priyadarshi's compensation will also include an annual base salary of $900,000 and he will be eligible for an annual cash bonus with a target of 115% of his base, according to the filing. In addition, he will receive a 2026 long-term incentive award with a grant value of $4 million, comprised of 50% RSUs and 50% performance share units, according to the filing.
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