Digital Turbine, Inc. filed a Form 8-K on November 5, 2026, disclosing the appointment of Daniel Lentz as Chief Financial Officer, effective November 2, 2026, along with the terms of his employment agreement and equity awards.

Key Highlights

  • New CFO appointed: Daniel Lentz, age 48, was appointed Chief Financial Officer and principal financial officer of Digital Turbine, effective November 2, 2026.
  • Base salary and signing bonus: Mr. Lentz will receive an annual base salary of $450,000 and a one-time signing bonus of $100,000, subject to repayment if he voluntarily resigns or is terminated for cause before the first anniversary of his start date.
  • Annual bonus opportunity: Mr. Lentz is eligible for a target annual bonus of up to 100% of base salary under the Company's annual incentive program.
  • Equity grants: Mr. Lentz received PSU awards valued at $1,050,000 and RSU awards valued at $1,050,000, both with a grant date of November 30, 2026, under the Company's 2020 Equity Incentive Plan.
  • Prior CFO transition: Joshua Kinsell ceased serving as Chief Financial Officer (Interim) effective November 2, 2026, and continues as Chief Accounting Officer and principal accounting officer.
  • Prior experience: Mr. Lentz most recently served as CFO and COO of Commerce.com, Inc., and previously held roles at Dell, RetailMeNot, and Procter & Gamble.

Daniel Lentz Appointment and Compensation Terms at Digital Turbine

According to the filing, Digital Turbine's Board of Directors appointed Daniel Lentz, age 48, as Chief Financial Officer effective November 2, 2026. The Company simultaneously entered into an Employment Agreement with Mr. Lentz dated as of the same date. Under that agreement, Mr. Lentz will receive an annual base salary of $450,000. The filing also discloses a one-time signing bonus of $100,000, which is subject to full repayment if Mr. Lentz voluntarily resigns or is terminated for cause prior to the first anniversary of his start date.

The filing states that Mr. Lentz will be eligible to participate in the Company's annual incentive program with a target annual bonus opportunity of up to 100% of base salary, and will receive severance benefits "commensurate with the other senior executives of the Company." In connection with the appointment, the Company granted Mr. Lentz long-term incentive awards with a grant date of November 30, 2026. Half of the awards are performance-based restricted stock units (PSUs) valued at $1,050,000 and half are time-based restricted stock units (RSUs) valued at $1,050,000, with the number of underlying shares in each case to be determined by dividing those amounts by the closing price per share on the grant date.

The PSUs vest based on four equally weighted performance goals: Adjusted EBITDA performance for fiscal year 2028 and fiscal year 2029, and Relative Total Shareholder Return measured against the S&P Software & Services Select Industry Index for two periods ending June 15, 2028 and June 15, 2029, respectively. The filing notes that PSU vesting ranges from 50% of target shares at threshold performance to 150% at maximum performance, with full certification of all goals occurring on June 15, 2029, and continued employment required through November 30, 2029. The RSUs vest one-third on the first anniversary of the grant date, with the remainder vesting in equal quarterly installments over the following two years. The filing confirms that Joshua Kinsell, who had served as interim CFO, continues as Chief Accounting Officer and principal accounting officer. Digital Turbine's common stock trades on NASDAQ:APPS.

What Was Disclosed

Digital Turbine disclosed the appointment of Daniel Lentz as CFO effective November 2, 2026, including the full terms of his employment agreement covering base salary, signing bonus, bonus eligibility, and equity award structure, as well as the transition of Joshua Kinsell back to the Chief Accounting Officer role.