Brandon Sweeney recently served as Chief Revenue Officer at HashiCorp, Inc., where he played a key role in driving significant growth. During his tenure, the company saw impressive revenue growth, jumping from $320.8 million in 2022 to $475.9 million in...

Brandon Sweeney recently served as Chief Revenue Officer at HashiCorp, Inc., where he played a key role in driving significant growth. During his tenure, the company saw impressive revenue growth, jumping from $320.8 million in 2022 to $475.9 million in 2023. This growth reflects the demand for HashiCorp's tools that help manage cloud environments. Interestingly, just before resigning in September 2023, Sweeney received compensation totaling over $419,000, which included a substantial bonus based on performance metrics like revenue and customer growth. His work impacted the company at a crucial time as HashiCorp transitioned from a private firm to a public one, a period full of challenges and opportunities. Also noteworthy is Sweeney's insider trading activity, which reached peaks of around $21.53 million in late 2021, showing he had significant confidence in the company’s growth prospects. After leaving HashiCorp, his next moves are awaited with interest, as he has proven to be a serious player in the tech industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

H

Brandon Sweeney

Ex-CEO of HashiCorp, Inc.

Sector of Economy

Technology

Born

July 30, 2024 - 0 years ago

CEO of HashiCorp, Inc. for

Until September 2023

Previous Experience

Unknown

Rivals

Competitors/colleagues of Brandon Sweeney

Holdings

See how much did Brandon Sweeney make over time.

Brandon Sweeney's insider trading history indicates he had substantial investments in HashiCorp, with notable peaks in trading values. In December 2021, he traded worth $21.53 million, suggesting high bets on the company's success just before its public offering. Over 2022...

Brandon Sweeney's insider trading history indicates he had substantial investments in HashiCorp, with notable peaks in trading values. In December 2021, he traded worth $21.53 million, suggesting high bets on the company's success just before its public offering. Over 2022 and 2023, trading values fluctuated, but certain months saw significant trades, like $16.64 million in January 2022 and $14.25 million in August 2023. His activity reflects a deep involvement in the company's fortunes, which continued through his tenure, allowing him to ride the wave of HashiCorp's growth in the tech market. As of his departure in September 2023, the ongoing trading activity indicates that his wealth was largely tied to HashiCorp's stock, emphasizing the strategic leverage he held during his time there.

Insider Trading

See recent insider trades of Brandon Sweeney.

NOTE

9,000 shares

NOTE

Sep 4, 2024

Received

NOTE

134,615 shares

NOTE

May 29, 2024

Received

NOTE

82,159 shares

NOTE

May 31, 2023

Received

NOTE

27,866 shares

NOTE

Oct 5, 2022

Received

Compensation History

See how much did Brandon Sweeney make over time.

Brandon Sweeney's compensation package was notable during his time at HashiCorp. In 2023, he earned a total compensation of approximately $419,928, which included a salary of $375,000 and a substantial performance-based bonus of $354,131. This bonus was tied to specific goals related to revenue and customer growth. Additionally, he had earned significant stock awards, with vested stock units valued at over $5 million during 2023, indicating strong potential beyond just his salary. His compensation reflects a broader strategy of linking pay to performance, which is essential for attracting and retaining talent in an industry that is constantly evolving.

Year

2023

Total Compensation

$5.80M

Salary

$375.00K

Board Justification

The compensation philosophy is designed to attract, retain, and reward talented executive officers, establishing a strong link between pay and performance, and aligning the interests of executive officers with those of stockholders.

Bonus

$354.13K

Board Justification

Based on achievement of certain performance metrics for the six-month periods ended July 31, 2023 and January 31, 2024, which were paid in August 2023 and February 2024, respectively.

Other

$3.13K

Board Justification

Includes medical and life insurance premiums and work from home expenses.

Restricted Stock

$5.07M(188.73K RSU)

Board Justification

RSUs that vested during fiscal 2024, totaling 188,731 shares.

Performance Metrics

Performance metrics include revenue, cloud revenue, non-GAAP earnings per share, and net new customers.