Peloton Interactive, Inc. Executive Compensation Program Redesign

On September 14, 2025, Peloton Interactive, Inc. announced a comprehensive redesign of its executive compensation program. The changes, approved by the Compensation Committee, aim to strengthen the company's pay-for-performance philosophy and align with market practices. Key changes include transitioning leadership team members to a new mix of cash compensation, consisting of a base salary and an annual cash bonus opportunity, over a two-year period starting in fiscal year 2026. The base salary will be $850,000 for fiscal year 2026 and $635,000 for fiscal year 2027, with annual cash bonuses targeted at 20% and 60% of base salary, respectively. Additionally, long-term incentive compensation will shift from solely time-based restricted stock units (RSUs) to a mix of 70% RSUs and 30% performance-based restricted stock units (PSUs) starting in fiscal year 2026. The company also adopted Stock Ownership Guidelines requiring executive officers and non-employee directors to maintain a minimum level of ownership in the company's common stock.