Michael Lunsford is the Interim CEO of Funko, Inc., known for its popular collectible figures and pop culture products. He stepped into this role in July 2023 during a transition period as the company looks for a permanent CEO. Lunsford's...

Michael Lunsford is the Interim CEO of Funko, Inc., known for its popular collectible figures and pop culture products. He stepped into this role in July 2023 during a transition period as the company looks for a permanent CEO. Lunsford's financial stakes in the company are significant; he was granted 120,000 restricted stock units that will vest in 2024, reflecting his dedication to Funko's future success. His total compensation for 2023 reached about $1.34 million, including a salary of $360,000 and substantial stock rewards. Michael joined Funko's Board of Directors in 2018 and has been involved in various aspects of corporate governance since then. His experience in business, especially in the pop culture market, positions him well to lead during this pivotal time. Funko's mission centers around connecting fans to their favorite characters through unique merchandise, and under Lunsford's leadership, the company aims to continue tapping into its robust licensing relationships and innovative products.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Funko, Inc. CEOs

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Michael Lunsford

Ex-CEO of Funko, Inc.

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1963 - 62 years ago

CEO of Funko, Inc. for

0 years 10 months (Jul 2023 - May 2024)

Previous Experience

Director at Funko, Inc.

Rivals

Competitors/colleagues of Michael Lunsford

Holdings

See how much did Michael Lunsford make over time.

Michael Lunsford has exhibited active engagement in Funko's stock, showcasing his commitment to the company. Notably, his insider trading history reveals consistent stock sales from June 2020 to July 2021, with several transactions exceeding $100,000, indicating a strategic approach to...

Michael Lunsford has exhibited active engagement in Funko's stock, showcasing his commitment to the company. Notably, his insider trading history reveals consistent stock sales from June 2020 to July 2021, with several transactions exceeding $100,000, indicating a strategic approach to managing his holdings. He significantly ramped up trading activity in 2021, peaking in June with over $118,000. In recent months, Lunsford's participation in stock transactions has been more measured, but he still actively trades, reflecting fluctuations in Funko's market performance. Currently, Lunsford holds 120,000 restricted stock units set to fully vest in July 2024, which means his future wealth is closely tied to Funko's success in the coming years.

Mar 17, 2025

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shares

FNKO @ $7.19

Total Stock Sold

$1.40M

FNKO

$1.40M

134,060 FNKO shares

What if they kept their stock?

If Michael Lunsford didn't sell their stock, today they would have:
Extra FNKO134,060 shares worth $851.28K.
This is -39.27% and $550.47K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael Lunsford.

FNKO

$1.01M

FNKO at $10.40/share

Nov 15, 2024

Sale

FNKO

$88.44K

FNKO at $12.02/share

Sep 30, 2024

Sale

FNKO

$57.56K

FNKO at $9.59/share

Aug 13, 2024

Sale

FNKO

$13.29K

FNKO at $10.27/share

Jun 13, 2024

Sale

FNKO

$232.63K

FNKO at $10.38/share

Jun 14, 2024

Sale

Compensation History

See how much did Michael Lunsford make over time.

In 2023, Michael Lunsford’s total compensation was approximately $1.34 million. This amount includes a base salary of $360,000, reflecting his interim role, and no bonuses were awarded due to the nature of his appointment. A substantial part of his pay came from restricted stock units valued at around $950,000, which will vest on July 13, 2024, subject to his ongoing service. Additionally, his compensation package included other benefits worth about $66,893, which accounted for contributions under Funko's 401(k) plan and fees prior to his CEO appointment. His pay structure reflects a commitment to aligning executive compensation with company performance, a philosophy Funko prioritizes.

Year

2023

Total Compensation

$1.38M

Salary

$360.00K

Board Justification

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

Bonus

$0.00

Board Justification

Mr. Lunsford was not eligible to receive an annual cash incentive for 2023 due to his interim role.

Other

$66.89K

Board Justification

Includes matching contributions under the 401(k) plan and cash director fees paid prior to his appointment as Interim Chief Executive Officer.

Restricted Stock

$950.40K(120K RSU)

Board Justification

Mr. Lunsford was granted 120,000 restricted stock units that vest on July 13, 2024, subject to his continued service.

Performance Metrics

The performance metrics for determining compensation include company-wide achievement of financial goals.

Other Funko, Inc. CEOs

Here are other CEOs of Funko, Inc.

Brian Mariotti

Founder and Ex-CEO of Funko, Inc.

December 2022 - July 2023

Cynthia Williams

CEO of Funko, Inc.

May 2024 - Present