Sundar PichaiSundar Pichai earned $164M in 2023

Peter Rawlinson is the Chief Executive Officer and Chief Technology Officer of Lucid Group, Inc., a company known for its high-performance electric vehicles. He joined Lucid in 2019 and has played a significant role in the company's journey towards creating...

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Peter Rawlinson

CEO of Lucid Group, Inc.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

CEO of Lucid Group, Inc. for

3 years 8 months (Jul 2021 - Present)

Previous Experience

Chief Technology Officer at Lucid Group, Inc.

Holdings

See how much did Peter Rawlinson make over time.

Peter Rawlinson has experienced significant fluctuations in his stock holdings with Lucid Group. His wealth peaked in November 2021 at approximately $1.41 billion, reflecting the excitement around the company's electric vehicles. From that high point, his holdings saw a gradual...

Insider Trading

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LCID

30,397,078 shares

LCID

Jul 23, 2021

Received

Compensation History

See how much did Peter Rawlinson make over time.

In 2023, Peter Rawlinson's compensation totaled about $6 million. This figure includes a base salary of $625,000 and an annual bonus linked to the company's performance metrics like revenue and cash flow. A substantial part of his package comes from vested stock units, valued at around $25.8 million, from a special grant awarded in 2021. This system incentivizes Rawlinson by tying his rewards to Lucid’s stock performance, reflecting a pay-for-performance philosophy aimed at aligning his interests with those of shareholders. Interestingly, Rawlinson's package didn’t include new stock grants in 2023 due to the remaining value from his earlier grants. His compensation over the years showcases significant growth aligned with Lucid's increasing ambition in the electric vehicle sector, balancing both current performance and long-term goals.

Year

2023

Total Compensation

$26.66M

Salary

$625.00K

Board Justification

The compensation program is designed to attract, retain, and motivate top-level talent while aligning their interests with those of the stockholders through a pay-for-performance philosophy.

Bonus

$233.38K

Board Justification

Annual cash incentive based on performance metrics including revenue, gross margin, and free cash flow for the fiscal year 2023.

Other

$19.22K

Board Justification

Includes reimbursement for tax advisory and preparation fees and other personal benefits.

Restricted Stock

$25.78M(7.78M RSU)

Board Justification

7,782,048 RSUs vested from the 2021 CEO Grant, which vest quarterly over a four-year period starting December 5, 2021.

Performance Metrics

Performance metrics for the 2023 annual cash incentive included revenue, gross margin, and free cash flow.