Sundar PichaiSundar Pichai earned $164M in 2023
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Josh Silverman

CEO of Etsy

Education

N/A

Field of Expertise

Business & Management

Born

January 1, 1969 - 56 years ago

Economy Sector

Consumer Cyclical

Current Tenure

7 years 9 months (May 2017 - Present)

Previous Experience

Senior Operating Advisor at Hellman & Friedman, Executive in Residence at Greylock Partners, President of Consumer Products and Services at American Express, CEO of Skype, CEO of Shopping.com, co-founder and CEO of Evite, Inc.

Josh Silverman has been the CEO of Etsy since May 2017. Under his leadership, the company has seen impressive growth. Gross merchandise sales jumped from $3.3 billion in 2017 to over $10 billion in 2020. That’s a staggering annual growth...

Year

2023

Total Compensation

$1.10M

Salary

$660.00K

Board Justification

The compensation philosophy is to align executive compensation with performance and the interests of stockholders, focusing on a mix of cash and equity incentives to drive long-term growth.

Bonus

$396.00K

Board Justification

The annual cash incentive program provides for no payment if the specified performance metrics are achieved below the threshold performance level and there is a maximum payment of 200% of the target bonus amount if achievement of the specified performance metrics meets or exceeds the 'stretch' performance level. For 2023, the corporate performance component was achieved at 129%, but payouts were limited to 50% of target for the CEO.

Other

$44.77K

Board Justification

Includes security services and 401(k) match contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the focus is on performance-based vesting for future periods.

Performance Metrics

The performance metrics for 2023 included GMS, revenue, and adjusted EBITDA margin, with individual performance goals also considered.