Etsy Management

Management criteria checks 3/4

Etsy's CEO is Josh Silverman, appointed in May 2017, has a tenure of 7.5 years. total yearly compensation is $16.58M, comprised of 3.9% salary and 96.1% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €11.43M. The average tenure of the management team and the board of directors is 3.3 years and 8.2 years respectively.

Key information

Josh Silverman

Chief executive officer

US$16.6m

Total compensation

CEO salary percentage	3.9%
CEO tenure	7.5yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Josh Silverman's remuneration changed compared to Etsy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$257m
Jun 30 2024	n/a	n/a	US$287m
Mar 31 2024	n/a	n/a	US$296m
Dec 31 2023	US$17m	US$653k	US$308m
Sep 30 2023	n/a	n/a	US$334m
Jun 30 2023	n/a	n/a	-US$717m
Mar 31 2023	n/a	n/a	-US$706m
Dec 31 2022	US$16m	US$623k	-US$694m
Sep 30 2022	n/a	n/a	-US$642m
Jun 30 2022	n/a	n/a	US$411m
Mar 31 2022	n/a	n/a	US$436m
Dec 31 2021	US$41m	US$600k	US$494m
Sep 30 2021	n/a	n/a	US$480m
Jun 30 2021	n/a	n/a	US$482m
Mar 31 2021	n/a	n/a	US$480m
Dec 31 2020	US$2m	US$575k	US$349m
Sep 30 2020	n/a	n/a	US$232m
Jun 30 2020	n/a	n/a	US$155m
Mar 31 2020	n/a	n/a	US$77m
Dec 31 2019	US$1m	US$475k	US$96m
Sep 30 2019	n/a	n/a	US$106m
Jun 30 2019	n/a	n/a	US$111m
Mar 31 2019	n/a	n/a	US$96m
Dec 31 2018	US$1m	US$396k	US$77m
Sep 30 2018	n/a	n/a	US$81m
Jun 30 2018	n/a	n/a	US$87m
Mar 31 2018	n/a	n/a	US$95m
Dec 31 2017	US$21m	US$247k	US$82m

Compensation vs Market: Josh's total compensation ($USD16.58M) is above average for companies of similar size in the Austrian market ($USD2.47M).

Compensation vs Earnings: Josh's compensation has been consistent with company performance over the past year.

CEO

Josh Silverman (55 yo)

7.5yrs

Tenure

US$16,577,104

Compensation

Mr. Joshua G. Silverman, also known as Josh, is the Chief Executive Officer and President of Etsy, Inc. since May 3, 2017. Mr. Silverman was an Executive-in-Residence at Greylock Partners from October 2015...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joshua Silverman	CEO, President & Director	7.5yrs	US$16.58m	0.20% € 11.5m
Raina Moskowitz	Chief Operating & Marketing Officer	4.3yrs	US$6.82m	0.040% € 2.3m
Rachana Kumar	Chief Technology Officer	1.8yrs	US$8.11m	0.024% € 1.4m
Colin Stretch	Chief Legal Officer & Corporate Secretary	1.8yrs	US$7.15m	0.010% € 563.3k
Rachel Glaser	Advisory	less than a year	US$8.28m	0.076% € 4.3m
Robert Kalin	Co-Founder	19.8yrs	no data	no data
Jared Tarbell	Co-Founder	19.8yrs	no data	no data
Merilee Buckley	VP & Chief Accounting Officer	4.6yrs	no data	0% € 0
Debra Wasser	Vice President of Investor Relations & ESG Engagement	no data	no data	no data
Kelly Clausen	Senior Director of Corporate Communications & Partnerships	no data	no data	no data
Toni Thompson	Chief Human Resources Officer	less than a year	no data	0.00053% € 29.9k
Nicholas Daniel	Chief Product Officer	2.3yrs	no data	0.022% € 1.2m

3.3yrs

Average Tenure

48yo

Average Age

Experienced Management: ETSY's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joshua Silverman	CEO, President & Director	8yrs	US$16.58m	0.20% € 11.5m
Frederick Wilson	Independent Chairman	17.4yrs	US$419.97k	0.47% € 26.5m
Jonathan Klein	Independent Director	13.4yrs	US$324.25k	0.041% € 2.3m
Martha Burns	Independent Director	10.7yrs	US$331.66k	0.020% € 1.1m
C. Andrew Ballard	Independent Director	3.1yrs	US$324.25k	0.0029% € 166.7k
Gary Briggs	Independent Director	6.6yrs	US$324.25k	0.014% € 781.4k
Margaret Smyth	Independent Director	8.4yrs	US$341.17k	0.011% € 625.4k
Melissa Reiff	Independent Director	9.6yrs	US$336.89k	0.010% € 570.1k
Marla Blow	Independent Director	3yrs	US$326.44k	0.0055% € 312.4k
Marc Steinberg	Independent Director	less than a year	no data	no data

8.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: ETSY's board of directors are considered experienced (8.2 years average tenure).

Etsy Management

Management criteria checks 3/4

Key information

Recent management updates

Etsy, Inc. Announces Planned Retirement of CFO Rachel Glaser

Etsy, Inc., Annual General Meeting, Jun 13, 2024

Etsy Inc. Announces Executive Changes

Chief Technology Officer recently sold €188k worth of stock

Etsy, Inc. Appoints Colin Stretch as Chief Legal Officer and Corporate Secretary, Effective February 14, 2023

Independent Chairman recently sold €1.7m worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.72 in 3Q 2023)

Etsy, Inc. (NasdaqGS:ETSY) announces an Equity Buyback for $1,000 million worth of its shares.

Etsy, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Etsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 Value

New major risk - Share price stability

Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.50 in 2Q 2023)

Etsy, Inc. Announces Planned Retirement of CFO Rachel Glaser

Etsy, Inc. to Report Q2, 2024 Results on Jul 31, 2024

First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.60 in 1Q 2023)

Etsy, Inc., Annual General Meeting, Jun 13, 2024

Etsy, Inc. to Report Q1, 2024 Results on May 01, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$2.51 (vs US$5.48 loss in FY 2022)

Etsy, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

Etsy, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Etsy Inc. Announces Executive Changes

Third quarter 2023 earnings released: EPS: US$0.72 (vs US$7.62 loss in 3Q 2022)

Etsy, Inc. Provides Earnings Guidance for the Year 2023

Etsy, Inc. to Report Q3, 2023 Results on Nov 01, 2023

New major risk - Revenue and earnings growth

Enjoei S.A. (BOVESPA:ENJU3) completed the acquisition of Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY).

Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.57 in 2Q 2022)

Etsy, Inc. Reports Asset Impairment Charges for the Second Quarter Ended June 30, 2023

Now 23% undervalued

Etsy, Inc. to Report Q2, 2023 Results on Aug 02, 2023

New major risk - Share price stability

Etsy, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2023

First quarter 2023 earnings released: EPS: US$0.60 (vs US$0.68 in 1Q 2022)

Chief Technology Officer recently sold €188k worth of stock

Full year 2022 earnings released: US$5.48 loss per share (vs US$3.88 profit in FY 2021)

Etsy, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Etsy, Inc. Appoints Colin Stretch as Chief Legal Officer and Corporate Secretary, Effective February 14, 2023

Independent Chairman recently sold €1.7m worth of stock

Independent Chairman recently sold €1.7m worth of stock

Third quarter 2022 earnings released: US$7.62 loss per share (vs US$0.71 profit in 3Q 2021)

Etsy, Inc. Provides Financial Guidance for the Fourth Quarter of 2022

Etsy, Inc. Announces Management Changes

Etsy, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Second quarter 2022 earnings released: EPS: US$0.57 (vs US$0.77 in 2Q 2021)

Etsy, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Investor sentiment improved over the past week

Etsy, Inc. Announces CEO Changes of Its Subsidiary Depop

Etsy, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Investor sentiment improved over the past week

Etsy, Inc. Appoints C. Andrew Ballard to Compensation Committee

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.68 (vs US$1.14 in 1Q 2021)

Etsy, Inc. Provides Consolidated Earnings Guidance for the Year 2022

Etsy, Inc., Annual General Meeting, Jun 15, 2022

Etsy, Inc. to Report Q1, 2022 Results on May 04, 2022

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Etsy, Inc. Provides Consolidated Earnings Guidance for the First Quarter of 2022

Etsy, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Insider recently sold €1.5m worth of stock

Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.75 in 3Q 2020)

Insufficient new directors

Etsy, Inc. Provides Earnings Guidance for the Third Quarter of 2021

Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.81 in 2Q 2020)

Etsy, Inc. (NasdaqGS:ETSY) completed the acquisition of Depop Limited.

Etsy, Inc.(NasdaqGS:ETSY) dropped from Russell 2500 Growth Index

Etsy, Inc. (NasdaqGS:ETSY) signed a definitive agreement to acquire Depop Limited for $1.6 billion

First quarter 2021 earnings released: EPS US$1.14 (vs US$0.11 in 1Q 2020)

Etsy, Inc. Provides Revenue Guidance for the Second Quarter of Fiscal 2021