Etsy Management

Management criteria checks 3/4

Etsy's CEO is Josh Silverman, appointed in May 2017, he has a tenure of 6.08 years. His total yearly compensation is $16.46M , comprised of 3.8% salary and 96.2% bonuses, including company stock and options. He directly owns 0.14% of the company’s shares, worth $15.20M. The average tenure of the management team and the board of directors is 3.6 years and 7 years respectively.

Key information

Josh Silverman

Chief executive officer

US$16.5m

Total compensation

CEO salary percentage	3.8%
CEO tenure	6.1yrs
CEO ownership	0.1%
Management average tenure	3.6yrs
Board average tenure	7yrs

Recent management updates

Recent updates

Etsy, Inc.'s (NASDAQ:ETSY) Intrinsic Value Is Potentially 76% Above Its Share Price

Apr 26

We Like These Underlying Return On Capital Trends At Etsy (NASDAQ:ETSY)

Mar 31

Etsy, Inc. (NASDAQ:ETSY) Just Reported And Analysts Have Been Lifting Their Price Targets

Feb 26

What Is Etsy, Inc.'s (NASDAQ:ETSY) Share Price Doing?

Jan 20

Under The Bonnet, Etsy's (NASDAQ:ETSY) Returns Look Impressive

Dec 30

Etsy (Nasdaq: ETSY) gains while Roku (Nasdaq: ROKU) and Qualcomm (Nasdaq: QCOM) sink - Our lukewarm takes on their earnings

Nov 04

Etsy's (NASDAQ:ETSY) Conflict With Sellers Will Bring More Short-Term Turbulence

Apr 12

Etsy: Slightly Undervalued 2-Sided Marketplace

Apr 06

Why You Should Consider Adding Etsy To Your Portfolio

Mar 31

Here's Why I Think Etsy (NASDAQ:ETSY) Might Deserve Your Attention Today

Mar 29

Returns Are Gaining Momentum At Etsy (NASDAQ:ETSY)

Mar 16

Why Etsy's (NASDAQ:ETSY) Growth Should be Taken with some Reserve

Feb 28

Shopify Or Etsy? Here's Why I Am Buying Both

Feb 28

CEO Compensation Analysis

How has Josh Silverman's remuneration changed compared to Etsy's earnings?
Date	Total Comp.	Salary	Company Earnings
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
Sep 30 2017	n/a	n/a	US$16m
Jun 30 2017	n/a	n/a	-US$13m
Mar 31 2017	n/a	n/a	-US$32m
Dec 31 2016	US$336k	n/a	-US$30m

Compensation vs Market: Josh's total compensation ($USD16.46M) is above average for companies of similar size in the US market ($USD12.27M).

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

CEO

Josh Silverman (54 yo)

6.1yrs

Tenure

US$16,461,507

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	6.1yrs	US$16.46m	0.14% $ 15.2m
Rachel Glaser	Chief Financial Officer	6.1yrs	US$8.28m	0.046% $ 4.8m
Raina Moskowitz	Chief Operating Officer	2.8yrs	US$6.27m	0.018% $ 1.9m
Ryan Scott	Chief Marketing Officer	4yrs	US$6.25m	0.0014% $ 143.7k
Robert Kalin	Co-Founder	18.4yrs	no data	no data
Jared Tarbell	Co-Founder	18.4yrs	no data	no data
Merilee Buckley	VP & Chief Accounting Officer	3.2yrs	no data	0.0023% $ 240.1k
Rachana Kumar	Chief Technology Officer	less than a year	no data	0.0087% $ 910.2k
Debra Wasser	Vice President of Investor Relations & ESG Engagement	no data	no data	no data
Colin Stretch	Chief Legal Officer & Corporate Secretary	less than a year	no data	no data
Kelly Clausen	Senior Director of Corporate Communications & Partnerships	no data	no data	no data
Kim Seymour	Chief Human Resources Officer	1.2yrs	no data	0.0042% $ 439.4k

3.6yrs

Average Tenure

47yo

Average Age

Experienced Management: ETSY's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joshua Silverman	CEO, President & Director	6.6yrs	US$16.46m	0.14% $ 15.2m
Frederick Wilson	Independent Chairman	16yrs	US$404.97k	0.43% $ 45.3m
Jonathan Klein	Independent Director	12yrs	US$271.42k	0.032% $ 3.4m
Martha Burns	Independent Director	9.3yrs	US$277.89k	0.013% $ 1.3m
C. Andrew Ballard	Independent Director	1.7yrs	US$271.42k	0.000060% $ 6.3k
Gary Briggs	Independent Director	5.2yrs	US$271.42k	0.0069% $ 728.8k
Margaret Smyth	Independent Director	7yrs	US$286.25k	0.0041% $ 433.1k
Melissa Reiff	Independent Director	8.2yrs	US$282.53k	0.0033% $ 348.1k
Marla Blow	Independent Director	1.6yrs	US$273.25k	0.00024% $ 25.2k

7.0yrs

Average Tenure

60yo

Average Age

Experienced Board: ETSY's board of directors are considered experienced (7 years average tenure).

Etsy Management

Management criteria checks 3/4

Key information

Recent management updates

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

Etsy, Inc. Announces Management Changes

Etsy, Inc. Announces CEO Changes of Its Subsidiary Depop

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

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

Recent updates

CEO, President & Director exercised options and sold US$800k worth of stock

CEO, President & Director exercised options and sold US$1.7m worth of stock

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

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

CEO, President & Director notifies of intention to sell stock

Etsy, Inc.'s (NASDAQ:ETSY) Intrinsic Value Is Potentially 76% Above Its Share Price

CEO, President & Director exercised options and sold US$1.9m worth of stock

CEO, President & Director exercised options and sold US$2.0m worth of stock

We Like These Underlying Return On Capital Trends At Etsy (NASDAQ:ETSY)

CEO, President & Director exercised options and sold US$1.9m worth of stock

Chief Technology Officer recently sold US$200k worth of stock

Chief Financial Officer exercised options and sold US$1.9m worth of stock

Etsy, Inc. (NASDAQ:ETSY) Just Reported And Analysts Have Been Lifting Their Price Targets

Price target increased by 7.5% to US$142

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

CEO, President & Director exercised options and sold US$2.7m worth of stock

Now 27% undervalued

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

CEO, President & Director exercised options and sold US$2.6m worth of stock

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

CEO, President & Director exercised options and sold US$2.5m worth of stock

What Is Etsy, Inc.'s (NASDAQ:ETSY) Share Price Doing?

Chief Marketing Officer exercised options and sold US$229k worth of stock

Under The Bonnet, Etsy's (NASDAQ:ETSY) Returns Look Impressive

CEO, President & Director exercised options and sold US$2.5m worth of stock

Chief Marketing Officer notifies of intention to sell stock

Chief Financial Officer exercised options and sold US$6.3m worth of stock

Independent Chairman recently sold US$1.7m worth of stock

Independent Chairman recently sold US$1.7m worth of stock

CEO, President & Director exercised options and sold US$1.7m worth of stock

Etsy (Nasdaq: ETSY) gains while Roku (Nasdaq: ROKU) and Qualcomm (Nasdaq: QCOM) sink - Our lukewarm takes on their earnings

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Etsy, Inc. Announces Management Changes

Is There An Opportunity With Etsy, Inc.'s (NASDAQ:ETSY) 50% Undervaluation?

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

Chief Financial Officer exercised options and sold US$78k worth of stock

Etsy: Why I'm Not Buying The Dip Just Yet

Investor sentiment deteriorated over the past week

What Does Etsy, Inc.'s (NASDAQ:ETSY) Share Price Indicate?

Chief Financial Officer exercised options and sold US$798k worth of stock

Investor sentiment deteriorated over the past week

Etsy (NASDAQ:ETSY) Is Looking To Continue Growing Its Returns On Capital

CEO, President & Director exercised options and sold US$2.0m worth of stock

Etsy: Shares Offer Significant Value At Current Prices

We Think Etsy (NASDAQ:ETSY) Can Stay On Top Of Its Debt

Chief Financial Officer exercised options and sold US$145k worth of stock

Etsy Defies Odds And Beats Estimates

CEO, President & Director exercised options and sold US$2.0m worth of stock

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Can Etsy Stock Rebound To $120? Consider Growth Expectations And Valuations

CEO, President & Director exercised options and sold US$1.7m worth of stock

Investor sentiment improved over the past week

Etsy, Inc. Announces CEO Changes of Its Subsidiary Depop

Etsy names Kruti Patel Goyal as new CEO of Depop

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

Etsy: New Risks Have Emerged, But There Are Still Reasons To Stay Optimistic

Why Etsy, Inc. (NASDAQ:ETSY) Could Be Worth Watching

Chief Marketing Officer exercised options and sold US$100k worth of stock

Investors Will Want Etsy's (NASDAQ:ETSY) Growth In ROCE To Persist

Etsy Inc. Might Surprise You In The Post-Pandemic Era

CEO, President & Director exercised options and sold US$1.3m worth of stock

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

Investor sentiment deteriorated over the past week

Etsy: Things Could Get Worse Before They Get Better

CEO, President & Director exercised options and sold US$1.6m worth of stock

Price target decreased to US$140

Etsy: Revenue Growth Through Higher Engagement And Fees

CEO, President & Director exercised options and sold US$1.3m worth of stock