The prior-year Say on Pay vote received approximately 57% support, which is above the 70% threshold that would automatically require a 'No' vote for lack of engagement, and the company has made meaningful, concrete changes in direct response to shareholder feedback — including extending performance stock award measurement periods from one to two years (with a commitment to three years for FY27), increasing the target percentile for relative total-return stock awards, and maintaining flat CEO pay. The CEO's total reported compensation of approximately $26 million is high in absolute terms, but roughly 96% is variable or performance-based equity, the pay mix requirement is clearly satisfied, and the company's compensation peer group — which includes similarly-sized software companies — supports this range; no individual NEO appears to breach the policy's pay-level thresholds after accounting for the heavily equity-weighted structure. While Docusign's stock has significantly underperformed the broad technology sector, it has only modestly underperformed its compensation peer group over three years (-5.2 percentage points), and the performance stock awards that drive the majority of executive pay include rigorous, multi-year financial and relative total-return conditions, so incentive pay is not considered misaligned with shareholder experience.

Non-audit fees (audit-related fees of $365,000 plus tax fees of $909,938 plus other fees of $2,000 = $1,276,938) represent approximately 33% of audit fees ($3,833,247), which is well below the 50% threshold that would raise independence concerns; PwC is a Big 4 firm fully appropriate for a $9 billion market-cap technology company; auditor tenure is not disclosed in the filing so the tenure trigger cannot fire under policy; no material restatements are noted.