Snowflake (SNOW) CEO Pay Plan Worth $448 Million Based on Stock Targets
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowSnowflake (SNOW) announced a compensation package for CEO Sridhar Ramaswamy, valued at up to $448 million, contingent on the company's market value nearly doubling to $184 billion by 2033. The package consists of 1 million shares divided into five tranches, linked to specific stock price milestones, with the final tranche requiring the stock price to reach $531 from a closing price of $271.87. Ramaswamy must remain CEO until September 15, 2030, for the final share allocation, which also includes clawback clauses for misconduct. Snowflake has seen its shares rise about 24% this year, reflecting growing demand for its cloud-based platform.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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