Subject: Upstart's CFO prints money
For himself.
His salary in 2022 was $410K. He received a cash incentive of $123K. Stock options worth $3.6M. Stock awards (RSUs) of $7.4M. Perhaps because 2022 was such a great year for Upstart?
To date in 2023 he's sold $3.2M worth of stock...
*** $1.2M of this was through planned selling.
*** $1.4M of this was to cover tax withholding for his RSU awards.
*** $625K of this was a straight sale on May 26th. There's a vote of confidence if I've ever seen one.
The same day he unloaded that $625K they announced results from the annual meeting of voting on executive compensation: 14.4M votes for, 3.8M votes against.
Ears <long Upstart>