Devin Wenig served as the CEO of eBay from July 2015 until September 2019. He graduated from Cornell University and has a solid background in the business and tech sectors. Before joining eBay, he led Thomson Reuters Markets, where he...

Devin Wenig served as the CEO of eBay from July 2015 until September 2019. He graduated from Cornell University and has a solid background in the business and tech sectors. Before joining eBay, he led Thomson Reuters Markets, where he was at the top of a significant part of the financial services and media sectors. At eBay, Devin played a crucial role in steering the company through changing online shopping trends and competition. Under his leadership, eBay focused on enhancing user experience and broadening its marketplace. Notably, Devin was involved in impressive insider trading activities, peaking at about $99.96 million in value in September 2021. His compensation varied significantly during his eBay tenure, peaking at around $18.1 million in 2018, largely due to a hefty bonus framework tied to performance metrics. While he left eBay amid discussions of management changes, his impact on online commerce during his leadership is still felt today.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other eBay CEOs

e

Devin Wenig

Ex-CEO of eBay

Education

Cornell University

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

August 21, 1969 - 55 years ago

CEO of eBay for

4 years 2 months (Jul 2015 - Sep 2019)

Previous Experience

President of Global eBay Marketplaces

Rivals

Competitors/colleagues of Devin Wenig

M

Marcos Galperin

Founder and CEO of Mercado Libre

2023 Compensation

Stock

$0.00

Salary

$522.88K

Bonus

$2.88M

Other

$0.00

Total Holdings

$73.73K

A

Sundar Pichai

CEO of Alphabet Inc.

2023 Compensation

Stock

$155.42M

Salary

$2.00M

Bonus

$0.00

Other

$6.80M

Total Holdings

$459.19M

E

Josh Silverman

CEO of Etsy

2023 Compensation

Stock

$0.00

Salary

$660.00K

Bonus

$396.00K

Other

$44.77K

Total Holdings

$15.12M

W

C. Douglas McMillon

CEO of Walmart

2023 Compensation

Stock

$0.00

Salary

$1.47M

Bonus

$0.00

Other

$199.58K

Total Holdings

$433.19M

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

Holdings

See how much did Devin Wenig make over time.

Devin Wenig's insider trading activity showcased his deep connection to eBay's stock performance. In September 2021, his holdings were valued at around $99.96 million, highlighting a peak in his financial stake in the company. The value fluctuated; in 2019, it...

Devin Wenig's insider trading activity showcased his deep connection to eBay's stock performance. In September 2021, his holdings were valued at around $99.96 million, highlighting a peak in his financial stake in the company. The value fluctuated; in 2019, it dropped to $54.04 million before rebounding in 2021. This climb included various stakes, illustrating his belief in eBay's long-term growth despite an eventual low of about $44.39 million in March 2020. Overall, his stock value swung dramatically throughout his tenure, reflecting both market conditions and his strategic choices.

Total Stock Sold

$15.41M

EBAY

$15.41M

600,290.048 EBAY shares

What if they kept their stock?

If Devin Wenig didn't sell their stock, today they would have:
Extra EBAY600,290.048 shares worth $20.31M.
This is 31.8% and $4.90M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Devin Wenig.

EBAY

$398.58K

EBAY at $39.86/share

Sep 3, 2019

Sale

EBAY

$6.22M

EBAY at $41.60/share

Aug 1, 2019

Sale

EBAY

$397.52K

EBAY at $39.75/share

Jul 1, 2019

Sale

EBAY

$5.73M

EBAY at $42.69/share

Feb 6, 2018

Sale

EBAY

13,086 shares

EBAY

Sep 15, 2016

Received

EBAY

144,886 shares

EBAY

Mar 1, 2016

Received

EBAY

20,309 shares

EBAY

Mar 1, 2015

Received

EBAY

67,950 shares

EBAY

Mar 1, 2014

Received

EBAY

$2.37M

EBAY at $53.23/share

Oct 29, 2013

Sale

EBAY

98,954 shares

EBAY

Mar 1, 2013

Received

Compensation History

See how much did Devin Wenig make over time.

Devin Wenig's compensation as CEO of eBay varied greatly, reflecting both annual salary and performance bonuses. In 2018, he reportedly earned $18.1 million, which included a bonus amount of $1,501,500—75% of his target bonus. His salary was around $1 million, but he faced a dramatic decline in total compensation in 2019, with a total of $6.35 million mostly due to a severance package after stepping down. His pay structure was designed to align with eBay's performance metrics, which included factors like FX-neutral revenue and net income, incentivizing a focus on the company's financial health. This mix of salary, bonuses, and stock options reflected how the executive compensation landscape can shift based on both personal performance and broader business trends.

Year

2019

Total Compensation

$6.55M

Salary

$2.00M

Board Justification

The compensation philosophy is designed to align with company performance and retention strategies, focusing on performance-based compensation.

Bonus

$4.00M

Board Justification

Two times his annual target bonus amount as part of the severance agreement due to termination without cause.

Other

$545.29K

Board Justification

Dividend equivalents associated with the equity awards that were treated as vested under the severance agreement.

Restricted Stock

$0.00(0 RSU)

Board Justification

All outstanding RSUs and PBRSUs were cancelled upon termination; no vested stock was reported for 2019.

Performance Metrics

The performance metrics included FX-neutral revenue and non-GAAP net income, which must be met for any incentive payouts.

Other eBay CEOs

Here are other CEOs of eBay

John Donahoe

Ex-CEO of eBay

March 2008 - July 2015

Scott Schenkel

Ex-CEO of eBay

September 2019 - April 2020