Greg Carlin, born in 1967, was the CEO of Rush Street Interactive (RSI) until August 2021. He played a key role in the company's growth in the gaming industry since its inception in 2012, and his background in investment banking...

Greg Carlin, born in 1967, was the CEO of Rush Street Interactive (RSI) until August 2021. He played a key role in the company's growth in the gaming industry since its inception in 2012, and his background in investment banking helps him make informed business decisions. Under his leadership, RSI expanded its online gaming presence and became a recognized player in the market. Carlin had an interesting compensation journey; in 2021, he had a total compensation package of about $2.25 million, which included a salary of $309,587 and a significant bonus of $240,000. This shows that his performance was closely tied to company success. However, in 2020, he reported a much higher compensation of $2.19 million, mainly due to substantial other earnings from 401(k) contributions. An important aspect of his career is how he transitioned from CEO to Vice Chairman of the Board after his resignation, marking a shift in his role while still being influential in the company's direction. Carlin is known to have a significant stake in RSI, owning over 30 million shares across classes, indicating his deep financial involvement in the firm. His experience in the gaming sector, paired with strategic insights from his banking days, made him a pivotal figure in shaping RSI's trajectory.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Rush Street Interactive CEOs

R

Greg Carlin

Ex-CEO of Rush Street Interactive

Education

Northwestern University

Field of Expertise

Media & Entertainment - Gaming

Sector of Economy

Consumer Cyclical

Born

January 1, 1968 - 57 years ago

CEO of Rush Street Interactive for

0 years 7 months (Dec 2020 - Aug 2021)

Previous Experience

CEO of Rush Street Gaming, involved in the development of several casinos.

Rivals

Competitors/colleagues of Greg Carlin

D

Jason Robins

Founder and CEO of DraftKings Inc.

2023 Compensation

Stock

$300.00K

Salary

$500.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$27.71M

Holdings

See how much did Greg Carlin make over time.

Greg Carlin has been deeply vested in Rush Street Interactive, holding over 30 million shares spread across different classes. At one point, his stake constituted a significant portion of his wealth, reflecting his confidence in the company's future. In recent...

Greg Carlin has been deeply vested in Rush Street Interactive, holding over 30 million shares spread across different classes. At one point, his stake constituted a significant portion of his wealth, reflecting his confidence in the company's future. In recent years, as the company navigated through mergers and changes in leadership, Carlin's holdings saw fluctuations but remained substantial. He was a major early contributor, and the value of his shares has appreciated thanks to RSI's growth in the online gaming market. His insights as a previous CEO drove him to maintain a strong position, ensuring he has a financial stake aligned with the company's performance. While specific values fluctuate with market conditions, his ownership confirms his commitment to RSI's long-term success.

Total Stock Sold

$11.94M

RSI

$11.94M

2,067,508 RSI shares

What if they kept their stock?

If Greg Carlin didn't sell their stock, today they would have:
Extra RSI2,067,508 shares worth $44.47M.
This is 272.49% and $32.53M more than what they got when they sold the stock.

Charitable Transactions

RSI

3,000 shares

RSI

Recent Charitable Transactions

RSI

3,000 shares

RSI

Nov 10, 2022

Charity

Insider Trading

See recent insider trades of Greg Carlin.

RSI

$215.50K

RSI at $4.31/share

Feb 17, 2023

Sale

RSI

$876.85K

RSI at $4.62/share

Feb 2, 2023

Sale

RSI

$331.77K

RSI at $4.09/share

Nov 15, 2022

Sale

RSI

$278.97K

RSI at $4.21/share

Nov 10, 2022

Sale

RSI

3,000 shares

RSI

Nov 10, 2022

Charity

RSI

$1.28M

RSI at $6.26/share

Aug 11, 2022

Sale

RSI

$15.00K

RSI at $6.25/share

Aug 8, 2022

Sale

RSI

$154.47K

RSI at $6.20/share

Aug 3, 2022

Sale

RSI

$2.62M

RSI at $5.85/share

Jul 20, 2022

Sale

Compensation History

See how much did Greg Carlin make over time.

In 2021, Greg Carlin's total compensation hit approximately $2.25 million, primarily made up of a base salary of about $309,000 and a performance bonus of $240,000. This compensation was significantly lower than in 2020, where he reported a total of around $2.19 million, largely from non-salary sources tied to his retirement plan contributions. This reduction came after he stepped down from the role of CEO. Throughout his tenure, the company used compensation to drive performance, tying significant bonuses to achieved goals. His role transitioned to Vice Chairman, where he continued to influence company decisions despite a notable drop in direct compensation. The shift reflects a strategic pivot within the company while still acknowledging his contributions as a leader. It highlights the connection between leadership changes and compensation structure in the gaming industry.

Year

2021

Total Compensation

$561.19K

Salary

$309.59K

Board Justification

The compensation program aims to attract, motivate, and retain outstanding individuals, aligning executive interests with those of equity holders, and rewarding performance.

Bonus

$240.00K

Board Justification

Annual cash bonuses are granted under the Equity Incentive Plan based on the achievement of certain pre-established goals or performance metrics.

Other

$11.60K

Board Justification

This amount represents Company matching contributions under the Company’s 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2021 as Mr. Carlin forfeited his unvested equity awards upon resignation.

Performance Metrics

Annual cash bonuses are based on the achievement of qualitative and quantitative performance metrics.

Other Rush Street Interactive CEOs

Here are other CEOs of Rush Street Interactive

Richard Schwartz

Founder and CEO of Rush Street Interactive

August 2021 - Present