Throughout his time at Symbotic, Thomas Ernst held significant stock holdings, reflecting his confidence in the company's future. In September 2023, he had around 393,800 shares from a previous equity grant valued around $13 million. Additionally, he received 93,502 Restricted...
Throughout his time at Symbotic, Thomas Ernst held significant stock holdings, reflecting his confidence in the company's future. In September 2023, he had around 393,800 shares from a previous equity grant valued around $13 million. Additionally, he received 93,502 Restricted Stock Units (RSUs) in February 2023 that were set to vest gradually over time, showcasing his alignment with long-term company performance and incentives. As of late 2023, his financial interests in the company were worth approximately $16 million. These holdings were crucial for Ernst's overall compensation portfolio, illustrating how executives are encouraged to remain invested in the firm's success. His planned transition to consulting post-retirement will keep a level of his investment tied to the company’s ongoing performance.