David Risher is the CEO of Lyft, Inc., taking the top role in April 2023 after serving on the board since July 2021. He has a background in both technology and non-profit sectors. David co-founded Worldreader, a non-profit organization focused...

David Risher is the CEO of Lyft, Inc., taking the top role in April 2023 after serving on the board since July 2021. He has a background in both technology and non-profit sectors. David co-founded Worldreader, a non-profit organization focused on bringing digital books to children in developing countries, and has led it since 2009. Before that, he worked at Amazon as Senior Vice President of U.S. Retail and had a significant role at Microsoft as a General Manager. This diverse experience helps him lead Lyft, a ride-sharing platform that's changing urban transportation. David earned his B.A. from Princeton University and his MBA from Harvard Business School. In his first year as CEO, he’s packing a substantial compensation package, amounting to over $78 million, primarily through performance-based stock awards that align his interests with the company’s long-term success. His performance share units could bring him even more if Lyft's stock hits ambitious targets over the next few years.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Lyft, Inc. CEOs

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David Risher

CEO of Lyft, Inc.

Education

B.A. in Comparative Literature from Princeton University, M.B.A. from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

April 1, 1969 - 56 years ago

CEO of Lyft, Inc. for

2 years 0 months (Apr 2023 - Present)

Previous Experience

CEO of Worldreader, Senior Vice President at Amazon.com, General Manager at Microsoft Corporation

Rivals

Competitors/colleagues of David Risher

D

Tony Xu

Founder and CEO of DoorDash

2022 Compensation

Stock

$0.00

Salary

$300.00K

Bonus

$0.00

Other

$221.00

Total Holdings

$305.45M

U

Dara Khosrowshahi

CEO of Uber Technologies

2023 Compensation

Stock

$8.27M

Salary

$1.00M

Bonus

$3.17M

Other

$262.99K

Total Holdings

$46.89M

A

Brian Chesky

Founder and CEO of Airbnb

2023 Compensation

Stock

$0.00

Salary

$1.00

Bonus

$0.00

Other

$295.12K

Total Holdings

$1.49B

Holdings

See how much did David Risher make over time.

As of 2023, David Risher holds a striking portfolio through performance share units (PSUs) tied to Lyft's stock performance. His PSU award covers up to 12.25 million shares, depending on achieving specific stock price goals over the next five years....

As of 2023, David Risher holds a striking portfolio through performance share units (PSUs) tied to Lyft's stock performance. His PSU award covers up to 12.25 million shares, depending on achieving specific stock price goals over the next five years. These targets start with a 50% increase from a base price of $10.00 per share and go as high as 700%. His wealth heavily hinges on Lyft's performance, which aligns his interests with the company and shareholders. In his first year, the stock price hit one of the targets, allowing for significant potential vesting of his awards. This structured approach to equity enhances his stakes directly linked to Lyft's growth and market performance, showcasing a clear commitment to driving shareholder value.

Insider Trading

See recent insider trades of David Risher.

LYFT

$250.27K

LYFT at $18.15/share

Nov 12, 2024

Purchase

LYFT

$501.03K

LYFT at $9.67/share

Aug 9, 2024

Purchase

LYFT

$1.15M

LYFT at $11.46/share

Aug 11, 2023

Purchase

LYFT

1,136 shares

LYFT

Apr 20, 2023

Received

LYFT

12,250,000 shares

LYFT

Mar 27, 2023

Received

LYFT

731 shares

LYFT

Jan 20, 2023

Received

LYFT

845 shares

LYFT

Oct 20, 2022

Received

LYFT

18,732 shares

LYFT

Jun 16, 2022

Received

LYFT

3,968 shares

LYFT

Jul 9, 2021

Received

Compensation History

See how much did David Risher make over time.

In 2023, David Risher's total compensation package was an impressive $78.2 million. His base salary was $514,969, complemented by a substantial signing bonus of $3.25 million and a one-time bonus of $1 million for performance. But the real kicker? Over $73 million from stock awards that vested, which ties directly to Lyft’s stock performance. This approach emphasizes long-term growth, ensuring that his interests align closely with those of Lyft’s shareholders. His compensation philosophy is designed to reflect long-term corporate performance, with stock-based compensation being the main focus. This structure not only rewards him for today’s performance but encourages a vision for the company’s future success.

Year

2023

Total Compensation

$78.24M

Salary

$514.97K

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance, focusing on long-term shareholder value through equity compensation.

Bonus

$4.25M

Board Justification

Mr. Risher received a signing bonus of $3,250,000 and a bonus of $1,000,000 following the conclusion of fiscal year 2023, subject to continued employment.

Other

$150.68K

Board Justification

Other compensation includes personal security services, attorney fees, taxable meals, a workstation stipend, tax gross-ups, and life insurance premiums.

Restricted Stock

$73.32M(73.11K RSU)

Board Justification

The stock awards consist of RSUs that vested in 2023, with a total grant date fair value of $73,322,375.

Performance Metrics

The performance metrics for Mr. Risher's compensation include stock price performance and overall company performance as measured by financial metrics.

Other Lyft, Inc. CEOs

Here are other CEOs of Lyft, Inc.

Logan Green

Founder and Ex-CEO of Lyft, Inc.

June 2012 - April 2023