Snowflake grants CEO Ramaswamy 1,000,000 performance-based stock units tied to $324-$531 share targets
SNOW•CEO performance-based stock unit award
Snowflake granted CEO Sridhar Ramaswamy a performance-based PSU award for 1,000,000 shares on July 15, 2026.
Vesting requires both continued service as CEO and stock-price targets measured over a 90-day average within set performance windows.
The targets are split into five tranches:
- $324 for 100,000 shares in 2 years
- $375 for 150,000 shares in 3 years
- $427-$531 for 750,000 shares over 5-7 years
Service condition dates are Sept. 15, 2029 for tranches 1-2 and Sept. 15, 2030 for tranches 3-5.
Earned shares face a one-year delivery deferral, with earlier delivery on a qualifying change in control; unearned tranches can be forfeited.
