# UiPath cut stock compensation to $45.0m over five quarters — then granted 5.3m PSUs

![UiPath cut stock compensation to $45.0m over five quarters — then granted 5.3m PSUs](https://aiswingx.com/static/covers/path-fy27q2_cover.jpg?v=1790179516)

**FY2027 Q2 10-Q: share-based compensation fell from $78.0m to $45.0m across five quarters. On September 3 the company granted senior management 5.3 million PSUs on two stock price hurdles, to be met by July 2029 and July 2031. The hurdles themselves are not disclosed**

Note 16 of UiPath's (PATH) second-quarter report for fiscal 2027 is a single paragraph. On September 3, 2026 the company granted certain members of senior management 5.3 million PSUs, subject to two stock price hurdles to be satisfied by July 31, 2029 and July 31, 2031, and to service vesting. In the same report, quarterly share-based compensation came in at $45.0m, down for the fifth quarter running.

- 종목: PATH (UiPath, Inc.)
- 분기: FY27Q2 · 10-Q
- 작성: 2026-09-23 16:05 UTC
- 원문: https://aiswingx.com/p/path-fy27q2

## 숫자 하나
Share-based compensation of $45.0m in the quarter, against $78.0m five quarters earlier. On September 3, 2026, 5.3 million PSUs granted to senior management on two stock price hurdles due by July 31, 2029 and July 31, 2031. The hurdle levels are not disclosed.

## 비유 하나
(구독자 전용)

## 출처 하나
UiPath, Inc. Form 10-Q (fiscal 2027 second quarter, ended 2026-07-31, accession 0001734722-26-000050): Note 16, Subsequent Events (PSU grant); Note 15, Related Party Transactions; consolidated statements of operations, cash flows and balance sheet. Quarterly figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

UiPath (PATH) makes software that automates office work. Its fiscal year ends in late January, so this second quarter closed on July 31, 2026.

Note 16, Subsequent Events, is one paragraph.

> On September 3, 2026, we granted a total of **5.3 million PSUs** to certain members of senior management under the 2021 Plan, subject to (i) market conditions tied to **two stock price hurdles that must be satisfied by July 31, 2029 and July 31, 2031**, respectively; and (ii) service-based vesting requirements.

It happened after the quarter closed and before the report was filed, so none of it is in this quarter's figures.

The cash flow statement in the same report runs the other way. **Share-based compensation has fallen for five quarters.**

| Quarter | Share-based compensation |
|---|---|
| Five quarters ago | $78.0m |
| Four quarters ago | $71.5m |
| Three quarters ago | $64.8m |
| Prior quarter | $53.3m |
| **This quarter** | **$45.0m** |

That is **11.0%** of quarterly revenue, and a **42%** decline across the five quarters.

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## FAQ

**Q. Are the 5.3 million PSUs in this quarter's numbers?**

No. They were granted on September 3, after the July 31 close, so they appear only as a subsequent event. The expense starts in the next quarter.

**Q. What share price must be reached?**

The 10-Q says only that there are two hurdles, due by July 31, 2029 and July 31, 2031. It does not give the levels.

**Q. Is falling share-based compensation a good thing?**

The filing does not say. This article sets the five-quarter trend beside the new grant and leaves the judgement there.

**Q. Is the company also buying back stock?**

Yes. The last two quarters' purchases are in the cash flow statement and are tabled in the subscriber section.

**Q. Where can I check this myself?**

On SEC EDGAR, open UiPath, Inc.'s fiscal 2027 second-quarter 10-Q (accession 0001734722-26-000050) and read Note 16.