Glen D. Weinstein has been a key player at iRobot Corporation since he joined in 2000. With a solid educational background, he holds a B.S. in Mechanical Engineering from MIT and a J.D. from the University of Virginia School of...

Glen D. Weinstein has been a key player at iRobot Corporation since he joined in 2000. With a solid educational background, he holds a B.S. in Mechanical Engineering from MIT and a J.D. from the University of Virginia School of Law. Before stepping in as the Interim CEO on January 28, 2024, he held various roles, including Executive Vice President and Chief Legal Officer. His journey through the company showcases his legal expertise and business acumen. Under his leadership, the focus has remained on innovation and performance, although recent compensation figures show a dip in bonuses due to unmet revenue targets.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other iRobot CEOs

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Glen D. Weinstein

Ex-CEO of iRobot

Education

B.A. in Economics from Brandeis University; M.B.A. from Northwestern University, Kellogg School of Management

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1961 - 64 years ago

CEO of iRobot for

4 years 0 months (May 2020 - May 2024)

Previous Experience

CEO at Qualitor Automotive; CEO at Timex; Leadership roles at Energizer, Playtex, and Gillette

Rivals

Competitors/colleagues of Glen D. Weinstein

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 Glen D. Weinstein make over time.

Glen Weinstein's stock holdings have seen significant activity over the years. Back in 2019 and 2020, he sold millions in stocks, with transactions consistently above $2 million, peaking at around $4.95 million in June 2020. His holdings fluctuated around this...

Glen Weinstein's stock holdings have seen significant activity over the years. Back in 2019 and 2020, he sold millions in stocks, with transactions consistently above $2 million, peaking at around $4.95 million in June 2020. His holdings fluctuated around this time, reflecting confidence in iRobot's trajectory. By 2023, he still maintained a sizeable amount, indicating a strong belief in the company's future. However, following his appointment as Interim CEO, these holdings may become more impactful as he guides the company's performance in the stock market.

Total Stock Sold

$16.96M

IRBT

$16.96M

266,153 IRBT shares

What if they kept their stock?

If Glen D. Weinstein didn't sell their stock, today they would have:
Extra IRBT266,153 shares worth $16.48M.
This is -2.82% and $478.47K less than what they got when they sold the stock.

Charitable Transactions

IRBT

1,591 shares

IRBT

Recent Charitable Transactions

IRBT

1,591 shares

IRBT

Jan 1, 2022

Charity

Insider Trading

See recent insider trades of Glen D. Weinstein.

IRBT

115,163 shares

IRBT

Mar 8, 2024

Received

IRBT

554 shares

IRBT

Feb 21, 2024

Received

IRBT

34,145 shares

IRBT

Mar 10, 2023

Received

IRBT

2,216 shares

IRBT

Feb 22, 2023

Received

IRBT

10,388 shares

IRBT

Mar 11, 2022

Received

IRBT

1,591 shares

IRBT

Jan 1, 2022

Charity

IRBT

$2.31M

IRBT at $120.10/share

Mar 19, 2021

Sale

IRBT

5,366 shares

IRBT

Mar 12, 2021

Received

IRBT

6,858 shares

IRBT

Feb 24, 2021

Received

IRBT

$941.48K

IRBT at $134.96/share

Feb 11, 2021

Sale

Compensation History

See how much did Glen D. Weinstein make over time.

In 2023, Glen's total compensation reached $1.45 million, with a fixed salary of $430,000 and a significant amount in vested stocks valued at nearly $1.5 million. Notably, he received no bonus for the year, reflecting the company's financial challenges. This pattern has been consistent, as no bonuses were awarded in previous years due to the company not meeting performance targets. His pay structure emphasizes a strong link between compensation and company performance, aligning his interests with those of the shareholders.

Year

2023

Total Compensation

$1.94M

Salary

$430.00K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No annual bonuses were paid to named executive officers for 2023 as the company did not achieve the threshold performance levels for revenue and non-GAAP operating income.

Other

$9.90K

Board Justification

Includes 401(k) matching contributions of $9,900.

Restricted Stock

$1.50M(34.15K RSU)

Board Justification

34,145 RSUs were granted in 2023, which vested during the year.

Performance Metrics

The performance metrics for 2023 included revenue and non-GAAP operating income, with no bonuses paid as the targets were not met.

Other iRobot CEOs

Here are other CEOs of iRobot

Gary S. Cohen

CEO of iRobot

May 2024 - Present