YEXT Yext, Inc.
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Executive Summary
Yext stockholders approved the amended 2016 Equity Incentive Plan at the 2026 Annual Meeting, replacing the prior share pools (9,319,170 shares) with a new 4,500,000-share reserve and extinguishing the old pools. The vote was close (48.4M for, 14.4M against), and director Andrew Sheehan received 20.8M against votes, signaling shareholder dissent. This is a routine governance event with no material financial impact.
Actionable Insight
Monitor for any follow-up activist or dissident shareholder activity given the high against vote on director Sheehan and the narrow approval of the equity plan. The 14.4M against votes on the plan suggest meaningful institutional pushback on dilution.
Key Facts
- Stockholders approved the amended 2016 Equity Incentive Plan with 48,430,077 for, 14,448,832 against, and 161,655 abstain.
- The new plan provides 4,500,000 shares for future grants, replacing the prior aggregate pool of 9,319,170 shares from the Existing Plan and Hearsay Plan.
- Director Andrew Sheehan received 20,839,792 against votes (33% of votes cast), indicating notable shareholder opposition.
- The plan prohibits any Exchange Program (no repricing or transfer of awards to third parties).
- No dividends or other distributions may be paid on unvested awards under the plan.
Financial Impact
No material financial impact. The plan reduces the authorized share reserve from 9.3M to 4.5M shares, a net reduction in potential dilution.
Risk Factors
- Shareholder dissent on director election and equity plan could signal governance concerns.
- The plan's 10-year term and forfeiture roll-in provisions could allow gradual dilution if forfeitures are significant.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-042518 |
| Document: yext-20260610.htm | 0001628280-26-042518 |
| Document: 0001628280-26-042518-index-headers.html | 0001628280-26-042518 |
| Document: 0001628280-26-042518-index.html | 0001628280-26-042518 |
| Document: 0001628280-26-042518.txt | 0001628280-26-042518 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
8-K
| $3.78 awaiting T+1 | awaiting T+1 | — | $4.06 (+7.41%) |
|
Jun 2, 2026
12d ago
|
8-K
| $3.83 $3.96 | ▲ +3.39% | ▲ +2.99% | $4.06 (+6.01%) |
|
Apr 27, 2026
6w ago
|
DEFA14A
| $3.93 $3.87 | ▼ −1.53% | ▼ −1.52% | $4.06 (+3.31%) |
|
Feb 24, 2026
15w ago
|
8-K
| $5.55 $5.58 | ▲ +0.54% | ▲ +1.09% | $4.06 (−26.85%) |
US Market Status
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