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 rate of 47%. Revenue also soared from $441 million to $1.7 billion in the same period. Before Etsy, he held significant positions in other major companies. He was the CEO of Skype from 2008 to 2010 and led consumer services at American Express from 2011 to 2015. His journey also includes co-founding Evite, an online event planning service. Silverman’s approach focuses on mixing human creativity with technology to enhance online commerce, and he has been recognized for his efforts to make Etsy thrive amidst the pandemic by helping sellers and expanding the marketplace. In 2021, he received a performance-based equity award to further align his goals with that of Etsy's stakeholders. Outside of his role as CEO, he's also on the board of Shake Shack. Overall, Josh Silverman's leadership is marked by a commitment to growth, creativity, and community, reflecting Etsy's mission to "Keep Commerce Human."

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Josh Silverman

CEO of Etsy

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1969 - 56 years ago

CEO of Etsy for

7 years 11 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.

Rivals

Competitors/colleagues of Josh Silverman

Anthony Wood

Founder and CEO of Roku, Inc.

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$0.00

Other

$18.83K

Total Holdings

$1.22B

Andrew R. Jassy

CEO of Amazon

2023 Compensation

Stock

$27.83M

Salary

$365.00K

Bonus

$0.00

Other

$992.76K

Total Holdings

$19.04M

Jack Dorsey

Founder and CEO of Block

2023 Compensation

Stock

$0.00

Salary

$2.75

Bonus

$0.00

Other

$0.00

Total Holdings

$980.58K

Alex Chriss

CEO of PayPal Holdings, Inc.

2023 Compensation

Stock

$0.00

Salary

$302.89K

Bonus

$0.00

Other

$311.84K

Total Holdings

$11.94M

Jamie Iannone

CEO of eBay

2023 Compensation

Stock

$24.72M

Salary

$1.00M

Bonus

$0.00

Other

$185.03K

Total Holdings

$35.01M

Holdings

See how much did Josh Silverman make over time.

Josh Silverman has seen significant shifts in his wealth due to his role at Etsy. In 2019, his insider holdings peaked at approximately $16.14 million, showcasing his confidence and investment in the company. However, in subsequent months, the figures fluctuated, indicating the volatility of the market and his holdings. By early 2020, his holdings surged again to nearly $19.17 million, with signs of variability as the pandemic changed shopping behaviors. As of late 2023, the value of his holdings ranged between $19.13 million and $34.02 million, reflecting ongoing growth and a focus on the long-term success of Etsy. His financial commitment signals his belief in the company’s direction and future, with numbers that show both peaks and valleys typical of a CEO engaged in a growing tech marketplace.

Total Stock Sold

$273.28M

ETSY

$273.28M

2,168,300 ETSY shares

What if they kept their stock?

If Josh Silverman didn't sell their stock, today they would have:
Extra ETSY2,168,300 shares worth $116.39M.
This is -57.41% and $156.89M less than what they got when they sold the stock.

Charitable Transactions

ETSY

83,315 shares

ETSY

Recent Charitable Transactions

ETSY

60,264 shares

ETSY

Nov 15, 2020

Charity

ETSY

42,269 shares

ETSY

Jan 15, 2020

Charity

Insider Trading

See recent insider trades of Josh Silverman.

ETSY

$4.57M

ETSY at $72.50/share

Feb 27, 2024

Sale

ETSY

$647.76K

ETSY at $62.14/share

Oct 25, 2023

Sale

ETSY

$674.81K

ETSY at $64.73/share

Oct 11, 2023

Sale

ETSY

$653.54K

ETSY at $62.69/share

Sep 27, 2023

Sale

ETSY

$674.86K

ETSY at $64.74/share

Sep 13, 2023

Sale

ETSY

$775.78K

ETSY at $74.41/share

Aug 30, 2023

Sale

ETSY

$784.22K

ETSY at $75.23/share

Aug 16, 2023

Sale

ETSY

$2.01M

ETSY at $96.22/share

Aug 2, 2023

Sale

ETSY

$1.98M

ETSY at $95.09/share

Jul 19, 2023

Sale

ETSY

$874.31K

ETSY at $83.87/share

Jul 5, 2023

Sale

Compensation History

See how much did Josh Silverman make over time.

In 2023, Josh Silverman's total compensation was $1,094,771, which included a base salary of $660,000 and cash incentives worth $396,000 based on company performance metrics. This setup reflects Etsy's strategy to align executive pay with performance, rewarding only when targets are met. While no stock grants vested in 2023, he is expected to see performance-based equity rewards based on future achievements. The way Etsy structures pay is aimed at motivating leadership to drive the company forward, with compensation tied closely to revenue and profit performance. The details show Etsy's approach—keeping their executives invested in their mission and the outcomes.

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.

Other Etsy CEOs

Here are other CEOs of Etsy

Chad Dickerson

Ex-CEO of Etsy

July 2014 - May 2017