Snowflake grants CEO Sridhar Ramaswamy 1 million-share performance-based stock award
On July 15, 2026, Snowflake's Compensation Committee granted CEO Sridhar Ramaswamy a performance-based restricted stock unit award covering 1,000,000 shares of common stock. The award vests only if both a service requirement and five escalating stock price targets, from $324 to $531, are met, which the company says requires material long-term stockholder value creation.
Key points
- Award covers 1,000,000 shares of common stock under the 2020 Equity Incentive Plan, granted July 15, 2026.
- Five tranches have stock price targets of $324, $375, $427, $479 and $531, with 100,000, 150,000, and three tranches of 250,000 shares each.
- Service requirement is met on September 15, 2029 for tranches 1 and 2 and September 15, 2030 for tranches 3 to 5.
- Board may require forfeiture or recoupment of vested shares in cases of misconduct or an accounting restatement under the clawback policy.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.