Freshworks Offers $233 Million In Stock Awards To CEO
This is because the 9 million stock units include 6 million in performance-related restricted stock units, or PRSUs, and 3 million RSUs that will vest over four years
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The stock award is unrelated to Mathrubootham’s salary, which totalled $611,980 last year. This is because the 9 million stock units include 6 million in performance-related restricted stock units, or PRSUs, and 3 million RSUs that will vest over four years, according to a disclosure made by the company.
Freshworks’ reward to its CEO comes at a time its equity-based pay costs totalled $173.4 million, or about 47% of its $371 million revenue last year, making it one of the highest among all companies globally.
For Mathrubootham to receive 100% of the award, the stock price would need to average at least $200 for two months before January 2029. In the worst case, if the company falls short of these targets or if the CEO leaves the company, Mathrubootham is assured of a third or, 2 million, of these PRSUS.
