Snowflake’s board granted CEO Sridhar Ramaswamy 1,000,000 performance-based restricted stock units. The grant occurred on July 15, 2026. This award aims to incentivize the creation of $100 billion in shareholder value.
The equity vests in five tranches contingent on stock price targets. Snowflake’s share price must average between $324 and $531 to trigger vesting. Service conditions for the award extend through 2030. The agreement includes strict clawback and change-in-control provisions to ensure long-term alignment.
Director Benoit Dageville sold 50,000 shares on July 15. The sale generated approximately $13.8 million. This transaction followed a pre-arranged 10b5-1 trading plan. Executive Christian Kleinerman sold 2,500 shares on July 14. His sale totaled $687,500 under a similar plan.