Craig Foster served as the Chief Financial Officer of Ubiquiti Inc. from March 4, 2013, to April 21, 2015. He holds an MBA in Finance from the prestigious Wharton School and a BA in Economics from the University of California,...

Craig Foster served as the Chief Financial Officer of Ubiquiti Inc. from March 4, 2013, to April 21, 2015. He holds an MBA in Finance from the prestigious Wharton School and a BA in Economics from the University of California, San Diego. Before joining Ubiquiti, Foster gained valuable experience in investment banking, working at firms like Credit Suisse and UBS, where he was co-head of the software group. Despite his notable background, Foster made a unique choice during his time at Ubiquiti: he opted to forgo a salary, receiving no cash compensation in 2015. Instead, he focused on performance-based incentives, aligning his interests with the company's growth. Through a complex agreement, he received 110,000 restricted stock units (RSUs) when he joined, which would vest over time. His work at Ubiquiti has shown how financial expertise can drastically influence a company's trajectory, despite not taking home a traditional paycheck during his tenure.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ubiquiti Inc. CEOs

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Craig Foster

Ex-CEO of Ubiquiti Inc.

Education

MBA in Finance from the Wharton School of Business; BA in Economics from the University of California, San Diego

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

January 1, 1970 - 55 years ago

CEO of Ubiquiti Inc. for

2 years 1 month (Mar 2013 - Apr 2015)

Previous Experience

Director in the technology infrastructure and software group of Credit Suisse; Executive Director and co-head of the software group of UBS Securities.

Rivals

Competitors/colleagues of Craig Foster

Holdings

See how much did Craig Foster make over time.

During his time at Ubiquiti, Foster's financial moves and holdings were closely monitored. He received 110,000 restricted stock units, which would vest over four years. Early in his role, the total value of those units was substantial, notably due to...

During his time at Ubiquiti, Foster's financial moves and holdings were closely monitored. He received 110,000 restricted stock units, which would vest over four years. Early in his role, the total value of those units was substantial, notably due to the potential growth of Ubiquiti's stock. At one point, the estimated value of his holdings exceeded $1.5 million in stock value. However, as time passed, the fluctuations in stock performance impacted the value of these units. By the end of his tenure in 2015, the market conditions had altered significantly. Despite the ups and downs, it was his strategic decisions that likely drove stock performance and ultimately his financial outcomes, showcasing the risks and rewards associated with executive stock holdings.

Mar 11, 2025

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shares

UI @ $NaN

Total Stock Sold

$6.04M

UI

$6.04M

25,350 UI shares

What if they kept their stock?

If Craig Foster didn't sell their stock, today they would have:
Extra UI25,350 shares worth $4.56M.
This is -24.53% and $1.48M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Craig Foster.

UI

$635.29K

UI at $300.80/share

Sep 6, 2022

Sale

UI

$521.62K

UI at $246.98/share

May 18, 2022

Sale

UI

$523.16K

UI at $247.71/share

Feb 18, 2022

Sale

UI

$482.38K

UI at $304.53/share

Nov 15, 2021

Sale

UI

$521.63K

UI at $329.31/share

Sep 3, 2021

Sale

UI

$438.28K

UI at $276.69/share

May 14, 2021

Sale

UI

$550.96K

UI at $347.83/share

Feb 16, 2021

Sale

UI

$403.10K

UI at $254.48/share

Nov 16, 2020

Sale

UI

$256.20K

UI at $161.74/share

Sep 4, 2020

Sale

UI

$272.99K

UI at $172.34/share

May 15, 2020

Sale

Compensation History

See how much did Craig Foster make over time.

Craig Foster's compensation at Ubiquiti is notable for its uniqueness. In 2015, Foster received a total compensation of $0, a decision he made to forgo his salary as a major stockholder. The idea here was to align his interests with the company's overall performance rather than taking a guaranteed paycheck. Back in 2014, however, he earned a base salary of $330,000 along with a potential annual bonus, which he didn't receive that year. His earlier years included some performance bonuses but lacked equity awards due to his majority ownership stake. This approach to compensation showcases a different kind of leadership, where the focus is not just on immediate financial gain but on long-term company success. His emphasis on performance over cash shows a commitment to growing Ubiquiti Inc. and demonstrates the fluctuating nature of executive compensation plans.

Year

2015

Total Compensation

$0.00

Salary

$0.00

Board Justification

The compensation philosophy is designed to attract and retain talented executives, linking a significant portion of compensation to performance and aligning the interests of executives with those of stockholders.

Bonus

$0.00

Board Justification

No cash bonus was awarded for fiscal year 2016 as Mr. Pera is a majority stockholder and has opted for a $0 salary.

Other

$0.00

Board Justification

Mr. Pera receives 100% coverage for general health and welfare benefits, similar to all employees.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted to Mr. Pera during fiscal years 2011 through 2016 due to his majority ownership stake.

Performance Metrics

The performance metrics for executive compensation include achieving specified financial and business objectives.

Other Ubiquiti Inc. CEOs

Here are other CEOs of Ubiquiti Inc.

Ronald Sege

Ex-CEO of Ubiquiti Inc.

October 2012 - February 2013

Michael E. Hurlston

Ex-CEO of Ubiquiti Inc.

August 2016 - June 2021