As of 2023, Jason Gardner's wealth was largely tied to his holdings in Marqeta, where he previously held over 51 million shares of Class B common stock. This stock represented about 45% of the total Class B shares, giving him...
As of 2023, Jason Gardner's wealth was largely tied to his holdings in Marqeta, where he previously held over 51 million shares of Class B common stock. This stock represented about 45% of the total Class B shares, giving him significant voting power. His wealth in stock peaked when he was CEO, but due to a transition in leadership, he agreed to forfeit certain long-term performance awards, which could have given him options for nearly 20 million shares. He also voluntarily converted some Class B shares into Class A shares, ensuring his ongoing influence in the company. Gardner's transition from CEO to Executive Chairman in early 2023, seeing a decrease in his compensation, reflects a strategic pivot while maintaining his commitment to the future of Marqeta.