Pure Storage Management

Management criteria checks 3/4

Pure Storage's CEO is Charlie Giancarlo, appointed in Aug 2017, has a tenure of 6.67 years. total yearly compensation is $11.28M, comprised of 7% salary and 93% bonuses, including company stock and options. directly owns 0.49% of the company’s shares, worth $84.58M. The average tenure of the management team and the board of directors is 3 years and 5.3 years respectively.

Key information

Charlie Giancarlo

Chief executive officer

US$11.3m

Total compensation

CEO salary percentage	7.0%
CEO tenure	6.7yrs
CEO ownership	0.5%
Management average tenure	3yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Charlie Giancarlo's remuneration changed compared to Pure Storage's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 04 2024	n/a	n/a	US$61m
Nov 05 2023	n/a	n/a	US$70m
Aug 06 2023	n/a	n/a	-US$832k
May 07 2023	n/a	n/a	US$17m
Feb 05 2023	US$11m	US$792k	US$73m
Nov 06 2022	n/a	n/a	US$14m
Aug 07 2022	n/a	n/a	-US$14m
May 08 2022	n/a	n/a	-US$71m
Feb 06 2022	US$10m	US$696k	-US$143m
Oct 31 2021	n/a	n/a	-US$210m
Aug 01 2021	n/a	n/a	-US$256m
May 02 2021	n/a	n/a	-US$276m
Jan 31 2021	US$8m	US$644k	-US$282m
Nov 01 2020	n/a	n/a	-US$234m
Aug 02 2020	n/a	n/a	-US$190m
May 03 2020	n/a	n/a	-US$191m
Feb 02 2020	US$9m	US$518k	-US$201m
Oct 31 2019	n/a	n/a	-US$222m
Jul 31 2019	n/a	n/a	-US$220m
Apr 30 2019	n/a	n/a	-US$214m
Jan 31 2019	US$8m	US$500k	-US$178m
Oct 31 2018	n/a	n/a	-US$168m
Jul 31 2018	n/a	n/a	-US$169m
Apr 30 2018	n/a	n/a	-US$167m
Jan 31 2018	US$18m	US$222k	-US$160m

Compensation vs Market: Charlie's total compensation ($USD11.28M) is above average for companies of similar size in the UK market ($USD5.63M).

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

CEO

Charlie Giancarlo (65 yo)

6.7yrs

Tenure

US$11,284,123

Compensation

Mr. Charles H. Giancarlo, also known as Charlie, has been Chief Executive Officer and Director of Pure Storage, Inc. since August 22, 2017 and is also its Chairman since September 2018. Mr. Giancarlo serve...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles Giancarlo	Chairman & CEO	6.7yrs	US$11.28m	0.49% $ 84.6m
John Colgrove	Founder	14.5yrs	US$4.51m	4.45% $ 764.7m
Kevan Krysler	Chief Financial Officer	4.3yrs	US$4.57m	0.12% $ 20.1m
Ajay Singh	Chief Product Officer	3.3yrs	US$4.53m	0.056% $ 9.6m
Dan FitzSimons	Chief Revenue Officer	2.4yrs	US$4.02m	0.0013% $ 228.8k
John Hayes	Founder & Advisor	7.1yrs	no data	no data
Matt Burr	Chief Operating Officer	less than a year	no data	no data
Mona Chu	VP & Chief Accounting Officer	2.1yrs	no data	0.023% $ 3.9m
Robert Lee	VP & CTO	2.7yrs	no data	no data
Niki Armstrong	Chief Administrative & Legal Officer	2.6yrs	no data	no data
Paul Ziots	Vice President of Investor Relations	no data	no data	no data
Rena Fallstrom	Vice President of Global Communications	no data	no data	no data

3.0yrs

Average Tenure

58yo

Average Age

Experienced Management: 0KSA's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Giancarlo	Chairman & CEO	6.7yrs	US$11.28m	0.49% $ 84.6m
John Colgrove	Founder	14.5yrs	US$4.51m	4.45% $ 764.7m
Jeffrey Rothschild	Independent Director	6yrs	US$288.61k	0.025% $ 4.3m
Gregory Tomb	Independent Director	4.2yrs	US$293.61k	0.0035% $ 605.6k
Scott Dietzen	Vice Chairman	13.5yrs	US$283.61k	0.26% $ 45.2m
John Murphy	Independent Director	2.3yrs	US$318.61k	0.0034% $ 579.8k
Roxanne Taylor	Independent Director	5.2yrs	US$306.11k	0.0032% $ 547.1k
Andrew Brown	Independent Director	4.6yrs	US$315.61k	0.0049% $ 839.6k
Mallun Yen	Independent Director	2.6yrs	US$288.61k	0.0023% $ 390.5k
Susan Jannifer Taylor	Independent Director	5.5yrs	US$305.61k	0.022% $ 3.9m

5.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 0KSA's board of directors are considered experienced (5.3 years average tenure).

Pure Storage Management

Management criteria checks 3/4

Key information

Recent management updates

Vice Chairman recently sold US$7.9m worth of stock

Independent Director recently sold US$2.0m worth of stock

Chief Revenue Officer recently sold US$2.0m worth of stock

Independent Director recently sold US$601k worth of stock

Pure Storage Appoints Lynn Lucas as Chief Marketing Officer

Chief Financial Officer recently sold US$997k worth of stock

Recent updates

Vice Chairman recently sold US$7.9m worth of stock

Independent Director recently sold US$2.0m worth of stock

Full year 2024 earnings released: EPS: US$0.20 (vs US$0.24 in FY 2023)

Now 21% undervalued

Chief Revenue Officer recently sold US$2.0m worth of stock

Pure Storage Delivers New Self-Service Storage Management Capabilities to Drive Enhanced Services Experience for Global Customers

Pure Storage, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025

Full year 2024 earnings released: EPS: US$0.20 (vs US$0.24 in FY 2023)

Pure Storage, Inc. (NYSE:PSTG) announces an Equity Buyback for $250 million worth of its shares.

Independent Director recently sold US$601k worth of stock

Pure Storage Appoints Lynn Lucas as Chief Marketing Officer

Third quarter 2024 earnings released: EPS: US$0.22 (vs US$0.003 loss in 3Q 2023)

Pure Storage, Inc. Announces Earnings Guidance for the Fourth Quarter and Full Year of 2024

Pure Storage, Inc. to Report Q3, 2024 Results on Nov 29, 2023

Pure Storage Advances Its Evergreen® Portfolio

Pure Storage Provides Earnings Guidance for the Second Quarter and Fiscal Year 2024

Second quarter 2024 earnings released: US$0.023 loss per share (vs US$0.037 profit in 2Q 2023)

Pure Storage, Inc. to Report Q2, 2024 Results on Aug 30, 2023

Chief Financial Officer recently sold US$997k worth of stock

Chief Product Officer recently sold US$1.4m worth of stock

Pure Storage, Inc. Announces Expansion of Its Disk Replacement-Focused Pure//E Family of Products with the All-New FlashArray//E

Pure Storage, Inc., Annual General Meeting, Jun 14, 2023

First quarter 2024 earnings released: US$0.22 loss per share (vs US$0.039 loss in 1Q 2023)

Pure Storage Provides Earnings Guidance for the Second Quarter and Fiscal Year 2024

Pure Storage, Inc. to Report Q1, 2024 Results on May 31, 2023

Independent Director recently sold US$500k worth of stock

Full year 2023 earnings released: EPS: US$0.24 (vs US$0.50 loss in FY 2022)

Insider recently sold US$698k worth of stock

Full year 2023 earnings released: EPS: US$0.24 (vs US$0.50 loss in FY 2022)

Pure Storage, Inc. to Report Q4, 2023 Results on Mar 01, 2023

Insider recently sold US$302k worth of stock

Now 22% undervalued

Pure Storage, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2023

Forecast breakeven date moved forward to 2023

Pure Storage, Inc. to Report Q3, 2023 Results on Nov 30, 2022

Pure Storage, Inc. Helps Financial Services Firms Harness the Power of Data to Drive Better Customer Experiences

Pure Storage Expands As-A-Service Model Across Full Suite of Portworx Offerings and Introduces the Next Generation of Portworx Enterprise

Independent Director recently sold US$381k worth of stock

Now 20% undervalued

Forecast breakeven date moved forward to 2023

Pure Storage, Inc. Raises Earnings Guidance for the Fiscal Year 2023

Pure Storage, Inc. to Report Q2, 2023 Results on Aug 31, 2022

Now 22% undervalued after recent price drop

Pure Storage Advances Commitment to Deliver True Storage Flexibility and Modernization to Enterprises Everywhere with Expanded Evergreen Portfolio

First quarter 2023 earnings released: US$0.039 loss per share (vs US$0.30 loss in 1Q 2022)

Pure Storage, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2023

Pure Storage, Inc. to Report Q1, 2023 Results on Jun 01, 2022

Pure Storage FlashBlade Accelerates Time-to-Market for EDA Workloads

Forecast to breakeven in 2025

Full year 2022 earnings released: US$0.50 loss per share (vs US$1.05 loss in FY 2021)

Forecast to breakeven in 2025

High number of new directors

Independent Director recently sold US$407k worth of stock

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Pure Storage, Inc. Announces Executive Changes

Pure Storage, Inc. to Report Q4, 2022 Results on Mar 02, 2022

Pure Storage, Inc. Modernizes Partner Program to Align with as-a-Service Evolution

No longer forecast to breakeven

Pure Storage Powers Government Infrastructure Modernization and Cloud Transformation

High number of new directors

Chief Financial Officer recently sold US$867k worth of stock

Pure Storage Introduces New Top End Flasharray Model, Bringing Power and Scale with Unparalleled Simplicity to the Enterprise

Independent Director recently sold US$922k worth of stock

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Pure Storage, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of Fiscal Year 2022

Pure Storage Unveils Portworx Data Services, the Industry's First Database-As-A-Service Platform for Kubernetes

Independent Director recently sold US$379k worth of stock

Second quarter 2022 earnings released: US$0.16 loss per share (vs US$0.24 loss in 2Q 2021)

Forecast to breakeven in 2024