We learn from Music Business Worldwide that Spotify founder and CEO Daniel Ek has cashed $27.8 million in Spotify stock (SPOT).
While an interesting observation, the cash trade does not imply any negative sentiment; Ek does not receive a salary as CEO, and has salaried himself via stock trades at least 10 times since July 2023, according to MBW’s research.
Total stock earnings for Ek add up to $568 million, again according to MBW.
As a side note, MBW obseres that co-founder Martin Lorentzon has employed the same compensation method to the amount of $557 million during 2024.
Below, SPOT stock over the past 12 months.
— H/T: Michael Robertson
