In 2023, Dave Schaeffer earned $8.73M in total compensation at Cogent Communications Holdings, primarily from $8.72M in stock. Most recently sold 60,000 shares in Mar 2025. Currently holds stock worth $13.68M. Led Cogent Communications Holdings as CEO for 22 years.
Compensation History
Annual executive compensation data for Dave Schaeffer, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$8.73M
Salary
$0.00
Bonus
$0.00
Other
$9.92K
Salary
$0.00Board Justification
The compensation philosophy focuses on aligning executive compensation with company performance, particularly through performance-based equity awards and cash incentives tied to revenue and EBITDA growth.
Bonus
$0.00Board Justification
The CEO does not receive a base salary or bonus; his compensation is entirely performance-based through equity awards and cash incentives.
Other Compensation
$9.92KBoard Justification
This includes employer matching amounts contributed to the Company’s 401(k) defined contribution plan.
Restricted Stock
Board Justification
The CEO received a restricted stock award of 160,000 shares made on January 3, 2023, of which 130,666 shares were valued at $76.06 per share and 29,334 shares were valued via an appraised value at $39.94 per share since they are based upon market conditions. Up to 88,000 shares vest on April 1, 2027 subject to certain performance conditions and 72,000 shares vest monthly at 6,000 per month in 2026.
Performance Metrics
The performance metrics for the CEO's cash incentive in 2023 were based on achieving revenue growth of 57% and adjusted EBITDA growth of 58%.
Dave Schaeffer
Founder and Ex-CEO of Cogent Communications Holdings
Education
Bachelor's degree in Computer Science from the University of California, Berkeley.
Field of Expertise
Technology & Engineering - Telecommunications
Sector of Economy
Communication Services
Born
February 15, 1968 - 57 years ago
CEO of Cogent Communications Holdings for
22 years 8 months (May 2000 - Jan 2023)
Previous Experience
Founder of Cogent Communications Holdings, Inc., extensive experience in the telecommunications industry, management roles in various companies.
Other Cogent Communications Holdings CEOs
Holdings
Track Dave Schaeffer's stock holdings and portfolio value over time.
Total Stock Sold
$58.69M
$58.69M
883,191 CCOI shares
What if they kept their stock?
If Dave Schaeffer didn't sell their stock, today they would have:
Extra CCOI883,191 shares worth $17.33M.
This is -70.48% and $41.37M less than what they got when they sold the stock.
Insider Trading
Dave Schaeffer's recent stock transactions, purchases, and sales filed with the SEC.
$4.31M
CCOI at $71.77/share
Mar 4, 2025
Sale
180,000 shares
CCOI
Jan 14, 2025
Received
$4.99M
CCOI at $83.22/share
Nov 25, 2024
Sale
$4.66M
CCOI at $71.75/share
Sep 10, 2024
Sale
$4.37M
CCOI at $72.82/share
Aug 27, 2024
Sale
$3.11M
CCOI at $51.78/share
Jun 14, 2024
Sale
$3.28M
CCOI at $54.60/share
Jun 12, 2024
Sale
$2.97M
CCOI at $59.44/share
May 13, 2024
Sale
$1.68M
CCOI at $64.21/share
Mar 15, 2024
Sale
$2.03M
CCOI at $67.52/share
Mar 14, 2024
Sale
Rivals
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