Sundar PichaiSundar Pichai earned $164M in 2023
C

Ashish Arora

CEO of Cricut, Inc.

Education

B.S. in Electronics Engineering from Thapar Institute of Engineering and Technology and an M.B.A. from the University of Kansas Graduate School of Business

Field of Expertise

Technology & Engineering - Engineering

Economy Sector

Technology

Current Tenure

13 years 0 months (Feb 2012 - Present)

Previous Experience

General Manager, Digital Home – Software Platforms and Products for Logitech International S.A.

Ashish Arora has been the CEO of Cricut, Inc. since early 2012 and has a background in software and technology, most notably serving as General Manager at Logitech. He holds an MBA from Harvard Business School, which adds to his...

Year

2022

Total Compensation

$33.68M

Salary

$476.09K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate key employees critical to long-term success, aligning a significant portion of compensation with business results and shareholder interests.

Bonus

$329.45K

Board Justification

The bonus was based on the achievement of 2022 annual targets for Q4 net revenue from subscriptions, net revenue not from subscriptions, and operating income, with a target bonus opportunity equal to 100% of his weighted average salary for the year, subject to a maximum cap of 138% of payout.

Other

$7.61K

Board Justification

Other compensation includes matching contributions made to the 401(k) plan and life insurance premiums paid by the company.

Restricted Stock

$32.86M(2.7M common stock)

Board Justification

The stock that vested in 2022 includes 2,700,049 shares of restricted stock that were acquired upon vesting during the fiscal year.

Performance Metrics

The performance metrics for the CEO's compensation in 2022 were based on Q4 net revenue from subscriptions, net revenue not from subscriptions, and operating income.