Snowflake has unveiled a compensation package worth up to roughly $448 million for CEO Sridhar Ramaswamy, contingent on the company's market value nearly doubling to $184 billion within seven years. The award totals 1 million shares and is structured into five tranches with escalating stock price milestones, designed to retain Ramaswamy as CEO until September 15, 2030. The final tranche requires the stock price to reach $531 by July 15, 2033, up from Wednesday's close of $271.87, adding about $100 billion in market capitalization. Ramaswamy must remain CEO through September 15, 2029 for the first two tranches and through September 15, 2030 for the last three to meet service requirements, and the package includes clawback clauses for misconduct or accounting restatements.
Snowflake Inc.CEO compensation plan tied to stock price milestones; market reaction uncertain.