Sundar PichaiSundar Pichai earned $164M in 2023

George Chamoun, born on June 15, 1979, earned his MBA from Harvard Business School, showcasing a strong foundation in business. He became CEO of ACV Auctions Inc. in January 2020. Under his leadership, the company transitioned to a public entity...

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George Chamoun

Founder and Ex-CEO of ACV Auctions Inc.

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

June 15, 1979 - 45 years ago

CEO of ACV Auctions Inc. for

4 years 6 months (Jan 2020 - Jul 2024)

Previous Experience

Co-founder and CEO of ACV Auctions Inc.

Rivals

Competitors/colleagues of George Chamoun

Holdings

See how much did George Chamoun make over time.

George Chamoun has been a significant stakeholder at ACV Auctions, with his holdings peaking post-IPO in March 2021. As of April 2022, he owned more than 6.3 million shares of ACV's Class A and B common stock, translating to approximately...

Total Stock Sold

$50.57M

ACVA

$50.57M

3,110,320 ACVA shares

What if they kept their stock?

If George Chamoun didn't sell their stock, today they would have:
Extra ACVA3,110,320 shares worth $97.20M.
This is 92.22% and $46.63M more than what they got when they sold the stock.

Charitable Transactions

ACVA

800,000 shares

ACVA

Recent Charitable Transactions

ACVA

500,000 shares

ACVA

Dec 10, 2024

Charity

ACVA

300,000 shares

ACVA

Mar 13, 2024

Charity

Insider Trading

See recent insider trades of George Chamoun.

ACVA

$787.31K

ACVA at $19.13/share

Mar 7, 2025

Received

ACVA

500,000 shares

ACVA

Dec 10, 2024

Charity

ACVA

$7.58M

ACVA at $21.65/share

Dec 10, 2024

Sale

ACVA

$7.11M

ACVA at $20.32/share

Sep 17, 2024

Sale

ACVA

$6.19M

ACVA at $17.68/share

Jun 18, 2024

Sale

ACVA

91,705 shares

ACVA

May 29, 2024

Received

ACVA

295,276 shares

ACVA

May 29, 2024

Received

ACVA

$6.05M

ACVA at $18.76/share

Mar 19, 2024

Sale

ACVA

300,000 shares

ACVA

Mar 13, 2024

Charity

ACVA

$752.12K

ACVA at $16.52/share

Feb 23, 2024

Received

Compensation History

See how much did George Chamoun make over time.

In 2023, George Chamoun's total compensation was just over $1.1 million. His salary was $468,750, and he received a significant performance bonus of $636,025, which was 103% of his target due to achieving company-wide metrics. Chamoun was granted 420,000 RSUs, reflecting his commitment to driving company performance. The RSUs vest over four years, ensuring Chamoun's interests align with long-term shareholder value. This structure provides him with a substantial incentive to meet financial goals, emphasizing ACV Auctions' current prioritization on growth and profitability. The equity aspect of his compensation highlights a strategy to foster an ownership culture that connects management's performance with company results. In 2022, his total compensation dipped to about $290,000, primarily due to lower performance bonus payouts but showcasing the volatile nature of corporate compensation linked to performance metrics.

Year

2023

Total Compensation

$6.68M

Salary

$468.75K

Board Justification

The compensation philosophy aims to attract and retain top talent while aligning executive compensation with company performance and shareholder interests.

Bonus

$636.03K

Board Justification

The annual performance-based bonus was determined based on the achievement of company-wide performance metrics, resulting in a payout of 103% of the target bonus amount.

Other

$4.37K

Board Justification

Includes long-term disability insurance premiums and a cell phone allowance.

Restricted Stock

$5.57M(367.5K RSU)

Board Justification

The RSUs granted on March 31, 2023, vest in 16 equal quarterly installments beginning July 1, 2023, subject to continued service.

Performance Metrics

The performance metrics for 2023 included Adjusted EBITDA and GAAP revenue targets.

Other ACV Auctions Inc. CEOs

Here are other CEOs of ACV Auctions Inc.