Corporate GovernanceJul 16, 2026, 06:26 AM
Snowflake CEO Sridhar Ramaswamy granted 1M performance-based RSUs
AI Summary
Snowflake's Compensation Committee granted CEO Sridhar Ramaswamy a performance-based restricted stock unit (PSU) award for 1,000,000 shares. This award aims to retain and incentivize Mr. Ramaswamy, an industry leader with deep AI expertise. Vesting is contingent on both service-based requirements and escalating stock price milestones, designed to culminate in adding up to $100 billion of stockholder value. The award includes a one-year delivery deferral after vesting.
Key Highlights
- CEO Sridhar Ramaswamy granted 1,000,000 performance-based restricted stock units (PSUs).
- Award divided into five tranches with escalating stock price targets.
- Tranche 1 target: $324 for 100,000 shares over 2 years.
- Tranche 2 target: $375 for 150,000 shares over 3 years.
- Tranche 3 target: $427 for 250,000 shares over 5 years.
- Tranche 4 target: $479 for 250,000 shares over 7 years.
- Tranche 5 target: $531 for 250,000 shares over 7 years.
- Service-based vesting dates: September 15, 2029 (Tranches 1 & 2) and September 15, 2030 (Tranches 3, 4, & 5).
Price Impact
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