In 2022, Roy Banks earned $439.28K in total compensation at Weave Communications, primarily from $286.56K salary. Most recently acquired 521,743 shares in Mar 2022. Currently holds stock worth $3.32M.
Compensation History
Annual executive compensation data for Roy Banks, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$439.28K
Salary
$286.56K
Bonus
$0.00
Other
$152.71K
Salary
$286.56KBoard Justification
The compensation philosophy aligns with company performance and retention strategies, ensuring competitive compensation to attract and retain top talent.
Bonus
$0.00Board Justification
Mr. Banks was not entitled to any annual cash incentive bonus for 2022.
Other Compensation
$152.71KBoard Justification
This includes cash severance paid to Mr. Banks and the cost of COBRA premiums paid for Mr. Banks in connection with his termination of employment.
Restricted Stock
Board Justification
No stock awards were vested in 2022 as the amounts reported are for stock awards granted, not vested.
Performance Metrics
The performance metrics for 2022 were based on individual performance and the achievement of company milestones relating to revenue and non-GAAP operating loss.
Roy Banks
Ex-CEO of Weave Communications
Sector of Economy
Technology
CEO of Weave Communications for
0 years 9 months (Oct 2021 - Aug 2022)
Previous Experience
Unknown
Other Weave Communications CEOs
Holdings
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Insider Trading
Roy Banks's recent stock transactions, purchases, and sales filed with the SEC.
521,743 shares
WEAV
Mar 17, 2022
Received
Rivals
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