Snowflake unveils up to $448 million CEO pay package

Investing.com -- Snowflake Inc announced Thursday a compensation package for CEO Sridhar Ramaswamy valued at up to $448 million, tied to the company's market capitalization nearly doubling to $184 billion over seven years.

The award consists of 1 million shares divided into five tranches, each requiring the company to reach specific stock price targets. The package aims to keep Ramaswamy in the CEO role through September 15, 2030.

The cloud-based data analytics company has seen clients move their workloads to its platform as they build AI tools.

For Ramaswamy to receive the final tranche, Snowflake's stock price must reach $531 by July 15, 2033, up from Wednesday's closing price of $271.87. This would add $100 billion to the company's market value.

The first two tranches require Ramaswamy to remain CEO through September 15, 2029, while the final three tranches require him to stay through September 15, 2030, according to the company.

The package includes clawback provisions in cases of misconduct or accounting restatements, a regulatory filing showed.

Snowflake shares have gained about 24% in 2026.

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