Barry McCarthy is the CEO of Peloton Interactive, Inc., a role he took on in February 2022. He earned his Bachelor of Arts in History from Williams College and an MBA in Finance from the Wharton School. Before joining Peloton,...

Barry McCarthy is the CEO of Peloton Interactive, Inc., a role he took on in February 2022. He earned his Bachelor of Arts in History from Williams College and an MBA in Finance from the Wharton School. Before joining Peloton, McCarthy worked as the Chief Financial Officer at Spotify and was also a key player at Netflix during its early growth as CFO. He has made significant contributions to tech companies, serving on boards like Spotify and Instacart. He stepped in as CEO after Peloton's co-founder John Foley, signaling a shift in leadership at the company during its challenging times post-COVID. McCarthy's compensation package included a hefty annual salary of $1,250,000 and a substantial stock option award of 8,000,000 shares, designed to incentivize him to succeed for the long term. While overseeing the company's performance, he has played a crucial role in reshaping its strategy and moving towards sustainable growth. As of May 2024, he will transition to a strategic advisory role, helping navigate Peloton through changes ahead.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Peloton Interactive, Inc. CEOs

P

Barry McCarthy

Ex-CEO of Peloton Interactive, Inc.

Education

Master of Business Administration in Finance from the Wharton School at the University of Pennsylvania

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

January 1, 1954 - 71 years ago

CEO of Peloton Interactive, Inc. for

2 years 2 months (Feb 2022 - May 2024)

Previous Experience

Chief Financial Officer at Spotify and Netflix

Rivals

Competitors/colleagues of Barry McCarthy

l

Calvin McDonald

CEO of lululemon athletica

2023 Compensation

Stock

$5.00M

Salary

$1.29M

Bonus

$0.00

Other

$33.29K

Total Holdings

$31.63M

A

Andrew R. Jassy

CEO of Amazon

2023 Compensation

Stock

$27.83M

Salary

$365.00K

Bonus

$0.00

Other

$992.76K

Total Holdings

$19.04M

N

Ted Sarandos

CEO of Netflix

2023 Compensation

Stock

$0.00

Salary

$3.00M

Bonus

$16.54M

Other

$1.98M

Total Holdings

$28.88M

A

Timothy D. Cook

CEO of Apple

2023 Compensation

Stock

$18.60M

Salary

$3.00M

Bonus

$10.71M

Other

$2.53M

Total Holdings

$40.56M

N

Greg Peters

CEO of Netflix

2023 Compensation

Stock

$0.00

Salary

$3.00M

Bonus

$14.33M

Other

$620.60K

Total Holdings

$13.48M

Holdings

See how much did Barry McCarthy make over time.

Barry McCarthy holds an impressive 8 million stock options in Peloton, which were awarded when he became CEO. The exercise price for these options is $38.77. Since joining the company, this stake represents a significant part of his overall wealth...

Barry McCarthy holds an impressive 8 million stock options in Peloton, which were awarded when he became CEO. The exercise price for these options is $38.77. Since joining the company, this stake represents a significant part of his overall wealth as it ties directly to Peloton's performance. As of mid-2023, the market price of Peloton shares has fluctuated significantly, impacting the value of his options. This volatility reflects challenges the company has faced, thus creating a contrast between McCarthy's earlier wealth levels and current stock performance. He had a vested interest in driving Peloton's success to see a real result from his holdings, which emphasizes the risk and reward dynamic of executive compensation packages in publicly-traded companies.

Loading...

Insider Trading

See recent insider trades of Barry McCarthy.

No insider trades found for this CEO.

Compensation History

See how much did Barry McCarthy make over time.

In 2022, Barry McCarthy's total compensation was approximately $1,267,708. His base salary was set at $1,250,000, and he received $17,708 in other compensation, mainly from benefits like the Section 401(k) matching. Notably, there were no bonuses or stock awards given in his first fiscal year due to his new hire equity award designed to last four years without additional grants. His compensation structure is aimed at aligning his interests with those of the stockholders, a common practice in executive pay. As he continues with Peloton, his salary and compensation package reflects the company's confidence in his leadership during a time of transition.

Year

2022

Total Compensation

$1.27M

Salary

$1.25M

Board Justification

The compensation philosophy emphasizes attracting, motivating, rewarding, and retaining executives while aligning their interests with those of stockholders through variable pay.

Bonus

$0.00

Board Justification

No annual cash bonus program was maintained for Fiscal 2023.

Other

$17.71K

Board Justification

Includes Section 401(k) Plan matching contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted in Fiscal 2023 as Mr. McCarthy's new hire equity award was intended to cover a four-year period without additional grants.

Performance Metrics

The performance metrics for determining compensation are not explicitly defined due to the absence of a formal annual cash bonus program.

Other Peloton Interactive, Inc. CEOs

Here are other CEOs of Peloton Interactive, Inc.

John Foley

Founder and Ex-CEO of Peloton Interactive, Inc.

January 2012 - February 2022

Karen Boone

CEO of Peloton Interactive, Inc.

May 2024 - Present