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Snowflake's CEO awarded $448 million pay plan tied to ambitious stock targets
Snowflake has unveiled a compensation package for CEO Sridhar Ramaswamy, potentially worth up to $448 million, contingent upon the company's stock price reaching specific milestones by 2033. This move aims to retain Ramaswamy through 2030 and aligns his interests with long-term shareholder value.
Key points
- Snowflake's CEO compensation plan includes stock price targets up to $531 by 2033.
- The package comprises 1 million shares, with vesting tied to stock price milestones.
- Ramaswamy must remain CEO through September 15, 2030, to fulfill service requirements.
- The plan includes clawback provisions for misconduct or accounting restatements.
Sources
AI-generated from public news sources. Not financial advice.
