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  "documentTitle": "Samsara Inc. (IOT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-09-21 00:00:00",
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      "text": "Spruce Point finds additional evidence that insiders are extracting more value on easier terms than before from shareholders. For example, equity vesting was reduced from four to three years. Restricted stock units (RSUs) removed any performance condition which were previously linked to milestones such as an IPO.",
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      "text": "Spruce Point finds additional evidence that insiders are extracting more value on easier terms than before from shareholders. For example, equity vesting was reduced from four to three years. Restricted stock units (RSUs) removed any performance condition which were previously linked to milestones such as an IPO.",
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      "text": "Additionally, in January 2023, our compensation committee considered our equity award program and determined that, for FY 2024, shifting our standard equity vesting schedule from four to three years, and proportionately reducing the associated annual target, would better suit our compensation needs. These changes will help us manage equity dilution while still offering a meaningful opportunity for reward predicated on creating long-term stockholder value. — Samsara Proxy Statement",
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      "text": "Source: Samsara Proxy Statement",
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      "kind": "table",
      "text": "Insiders Getting Paid Faster And For Vague Reasons... | \"Additionally, in January 2023, our compensation committee considered our equity award program and determined that, for FY 2024, shifting our standard equity vesting schedule from four to three years, and proportionately reducing the associated annual target, would better suit our compensation needs. These changes will help us manage equity dilution while still offering a meaningful opportunity for reward predicated on creating long-term stockholder value.\"",
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      "text": "CEO's RSUs Are Now More Easily Obtained | \"The stock awards granted during fiscal year 2023 represent RSUs that are subject to a service condition. For stock awards granted during fiscal year 2022 and fiscal year 2021 reflected in the table above, the dollar value of the RSU awards shown in the \"Stock Awards\" column represents the aggregate grant-date fair value calculated on the basis of the fair market value of the underlying shares of Class B common stock on the grant date in accordance with FASB ASC Topic 718. The stock awards granted during fiscal year 2022 and fiscal year 2021 represent RSUs that are subject to both a service condition and a performance condition.\"",
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      "kind": "title",
      "text": "Outrageous Compensation Decisions Favoring Insiders Over Shareholders (Cont'd)",
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