🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Freshworks Revises CEO Mathrubootham’s Stock Awards
Inc42
·
1y ago
Medial
Freshworks has revised the stock-based compensation for its CEO Girish Mathrubootham and other top executives due to macroeconomic conditions. Mathrubootham's multi-year performance-based restricted stock unit award has been canceled, and he has been granted an annual long-term equity incentive award valued at $19 million. The value of the stock award has changed over the years, with Freshworks' share price experiencing fluctuations. The decision to revise the stock awards was made to align business objectives with shareholder value creation.
View Source
Related News
Freshworks' board reworks CEO Girish Mathrubootham’s stock award
Economic Times
·
1y ago
Medial
Software service provider Freshworks has canceled the performance-based stock award of 6 million shares to its founder and CEO, Girish Mathrubootham. The decision was made due to macroeconomic challenges affecting the company's stock price. While his original stock award has been canceled, Mathrubootham has been allotted stock awards valued at $19 million. Additionally, stock awards have been approved for Freshworks' other executives, including president Dennis Woodside, CFO Tyler Sloat, and CPO Srinivasagopalan Ramamurthy.
View Source
Freshworks rejigs CEO Girish Mathrubootham’s stock award
The Arc Web
·
1y ago
Medial
The board of Freshworks has revised the stock-based compensation for its top leadership, including CEO Girish Mathrubootham and President Dennis Woodside. The board has canceled a performance-based stock award of 6 million shares granted to Mathrubootham during the company's IPO. However, a stock award of 3 million shares granted to Mathrubootham remains unchanged. The revision was made due to macroeconomic conditions, and the new stock awards for the management team are structured to vest over the next four years. Other executives receiving stock awards include Woodside, CFO Tyler Sloat, and Chief Product Officer Srinivas Ramamurthy.
View Source
Freshworks board cancels CEO Girish Matrubootham’s performance award of 6 mn stock units
Livemint
·
1y ago
Medial
The Livemint article focuses on the cancellation of CEO Girish Mathrubootham's performance award of 6 million stock units. The board at Freshworks, the customer engagement software company, made this decision. More updates will be provided.
View Source
Freshworks cancels CEO Girish's stock award of 60 lakh shares
Inshorts
·
1y ago
Medial
Freshworks' board has revised CEO Girish Mathrubootham's stock award, citing macroeconomic conditions, as per SEC filings. The board cancelled Girish's performance-based stock award of 60 lakh shares and granted him an annual long-term incentive award worth $19 million. The stock award was worth over $130 million when it was granted during the firm's IPO in 2021.
View Source
Ashwini Vaishnaw will be guest of honour at ET Startup Awards
Economic Times
·
10m ago
Medial
Union minister Ashwini Vaishnaw will be the guest of honour at the 10th edition of The Economic Times Startup Awards. The event, held on October 5th in Bengaluru, celebrates India's entrepreneurial excellence. Vaishnaw, who oversees the ministries of railways, information and broadcasting, electronics and IT, has played a key role in the government's initiatives such as Make in India and responsible AI development. The event will feature prominent founders, investors, and policymakers, highlighting India's thriving startup ecosystem. Past editions of the awards have recognized successful startups like Zomato, Swiggy, Freshworks, Delhivery, Zerodha, and Razorpay.
View Source
IPO-bound Swiggy grants $271 million Esops to founder Sriharsha Majety, top management
Economic Times
·
10m ago
Medial
- Swiggy granted employee stock options worth $271 million to its founders and top management in its latest stock-based compensation plan. - Founder and CEO Sriharsha Majety received nearly $200 million worth of stock, potentially increasing his stake in the company by 2.2-2.5%. - Other recipients of stock options include co-founders Nandan Reddy and Phani Kishan Addepalli, CFO Rahul Bothra, CTO Madhusudhan Rao, food marketplace CEO Rohit Kapoor, and Swiggy Instamart CEO Amitesh Jha. - The stock options have a vesting period of one to eight years and may be subject to valuation changes after the IPO. - Swiggy's IPO filing saw a fresh issue component initially sized at $450 million, which may expand to $600 million. - Similar stock-based compensation plans have been observed in other tech startups like Zomato, Paytm, Freshworks, Delhivery, and PB Fintech prior to their IPOs.
View Source
Broadcom CEO compensation more than doubles to $162 million in 2023
Economic Times
·
1y ago
Medial
Broadcom CEO Hock Tan's annual compensation more than doubled to $161.8 million in 2023, with stock awards of $160.5 million driving the increase. This marks a significant jump from his 2022 pay of $60.6 million. Broadcom recently completed its $69 billion acquisition of VMware, after obtaining regulatory approval in China. The chipmaker reported revenue of $35.82 billion in 2023, and its stock has performed well, rising 17% in 2024.
View Source
Freshworks: Girish Mathrubootham hands CEO reins to Dennis Woodside
The Arc Web
·
1y ago
Medial
Freshworks founder and CEO, Girish Mathrubootham, is transitioning to the role of Executive Chairman, while current President, Dennis Woodside, has been named the new CEO. The announcement was made after market hours, leading to a 25% drop in Freshworks' share price in the aftermarket. The change allows Mathrubootham to focus more on product teams and customers, while remaining involved in strategic decisions. Freshworks also recently announced its acquisition of Device42 for $230 million in cash, expanding its IT services management business.
View Source
Freshworks hires ex-Dropbox exec as CEO, founder Mathrubootham to be chairman
VCCircle
·
1y ago
Medial
CRM software maker Freshworks has appointed Dennis Woodside as its new CEO, with founder Girish Mathrubootham becoming the executive chairman. Woodside, who previously held leadership positions at Impossible Foods, Dropbox, and Motorola Mobility, joined Freshworks in 2022 as president. The company's shares fell by around 21% following the announcement. Freshworks, which went public on Nasdaq in 2021, has forecast second quarter revenue between $168 million and $170 million, below market estimates.
View Source
Amazon's senior employees may not get a cash pay raise this year
Reuters
·
1y ago
Medial
Amazon has announced that senior employees who receive a larger portion of their compensation in stock awards may not receive a cash pay raise this year. The company is prioritizing cash base pay increases for employees who have a higher proportion of their compensation in base pay rather than stock. However, due to the significant growth in Amazon's stock price last year, some top employees may still see a meaningful increase in their overall compensation. Amazon's stock surged 81% in 2023 and has climbed over 18% this year. The move comes as Amazon aims to cut costs after shedding jobs and trimming stock awards last year.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
