Harrold Rust, born in 1971, holds a Bachelor's degree in Engineering. He has been in charge as CEO of Enovix Corporation since September 2021, leading the company through significant developments in the battery technology sector. Before this role, he founded...

Harrold Rust, born in 1971, holds a Bachelor's degree in Engineering. He has been in charge as CEO of Enovix Corporation since September 2021, leading the company through significant developments in the battery technology sector. Before this role, he founded Enovix in 2006, which showcases his long-standing commitment and expertise in the field. During his tenure, he's adapted the company's compensation strategy to include a Long-Term Equity Incentive Program, reflecting a focus on aligning executive pay with the company's performance. In 2022, Rust earned a total compensation of approximately $2.45 million, which included a salary of $480,000 and other equity awards. This shift in strategy and his ownership of company stock suggests a vested interest in the success of Enovix. With over 25 million shares owned, he has significant skin in the game. This blend of engineering background, entrepreneurial spirit, and stock ownership illustrates his serious approach to leadership and innovation in the technology space.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Enovix Corporation CEOs

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Harrold Rust

Ex-CEO of Enovix Corporation

Education

Bachelor's degree in Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1971 - 54 years ago

CEO of Enovix Corporation for

2 years 2 months (Sep 2020 - Nov 2022)

Previous Experience

Various executive roles in technology and operations

Rivals

Competitors/colleagues of Harrold Rust

Holdings

See how much did Harrold Rust make over time.

Harrold Rust has made substantial investments in Enovix Corporation, boasting around 2.64 million shares. His holdings reflect a serious commitment, with the value peaking around $12.44 per share in early 2023, marking a time when his wealth was heavily tied...

Harrold Rust has made substantial investments in Enovix Corporation, boasting around 2.64 million shares. His holdings reflect a serious commitment, with the value peaking around $12.44 per share in early 2023, marking a time when his wealth was heavily tied to the company's stock performance. In total, his shares are valued over $32 million, forming a major part of his financial portfolio. The fluctuations in share prices reflect the ongoing challenges and triumphs in the battery market, suggesting that Rust's financial fate is closely linked to the company's growth.

Total Stock Sold

$292.57K

ENVX

$292.57K

14,000 ENVX shares

What if they kept their stock?

If Harrold Rust didn't sell their stock, today they would have:
Extra ENVX14,000 shares worth $248.22K.
This is -15.16% and $44.35K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Harrold Rust.

ENVX

$37.54K

ENVX at $18.77/share

Nov 1, 2022

Sale

ENVX

$83.66K

ENVX at $18.59/share

Oct 3, 2022

Sale

ENVX

$168.60K

ENVX at $22.48/share

Sep 13, 2022

Sale

ENVX

89,485 shares

ENVX

Jun 6, 2022

Received

ENVX

5,451 shares

ENVX

May 20, 2022

Received

ENVX

$50.75K

ENVX at $14.50/share

Mar 8, 2022

Purchase

ENVX

1,376,031 shares

ENVX

Jul 14, 2021

Received

Compensation History

See how much did Harrold Rust make over time.

In 2022, Harrold Rust received total compensation of $2.45 million, which included a $480,000 salary and a significant amount from vested stock awards worth about $1.66 million. His payment structure reflects a deep connection to the company’s performance, with incentives tied to achieving set business goals. The increase in his bonus from the previous year also indicates a robust performance strategy aimed at growth and accountability. Notably, the changes in compensation over his tenure suggest a shift toward more performance-based rewards, aiming to attract and retain talent in a competitive market while also ensuring alignment with shareholders' interests.

Year

2022

Total Compensation

$1.30M

Salary

$400.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, ensuring competitive pay to attract and retain top talent while promoting long-term shareholder value.

Bonus

$100.00K

Board Justification

The bonus is based on the company's performance metrics and individual performance evaluations for the year 2022.

Other

$50.00K

Board Justification

Other compensation includes health benefits and retirement contributions.

Restricted Stock

$750.00K(50K Common Stock)

Board Justification

The vested stock represents shares that were granted in prior years and became fully vested in 2022.

Performance Metrics

Performance metrics include revenue growth, profitability targets, and individual performance evaluations.

Other Enovix Corporation CEOs

Here are other CEOs of Enovix Corporation

T.J. Rodgers

Ex-CEO of Enovix Corporation

November 2022 - November 2022