Richard Schwartz is the CEO of Rush Street Interactive (RSI), a company focused on gaming and online betting. He stepped into the CEO role in August 2021, having previously served as the Co-Founder and President. Schwartz was crucial in crafting...

Richard Schwartz is the CEO of Rush Street Interactive (RSI), a company focused on gaming and online betting. He stepped into the CEO role in August 2021, having previously served as the Co-Founder and President. Schwartz was crucial in crafting the company's strategy and growth, particularly as the online gaming industry expanded rapidly. His education background isn't specified, but his hands-on experience in the gaming field speaks volumes about his capabilities. In 2022, his total compensation reached over $1.4 million, highlighting his impact on the company's performance. Interestingly, Schwartz has a significant equity stake in the company, holding approximately $38 million in stocks. This aligns his interests with those of the shareholders. His leadership style seems straightforward, focusing on clear goals and performance metrics, which is critical in a rapidly evolving market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Rush Street Interactive CEOs

R

Richard Schwartz

Founder and CEO of Rush Street Interactive

Education

University of California, Berkeley and University of California, Hastings College of the Law

Field of Expertise

Media & Entertainment - Gaming

Sector of Economy

Consumer Cyclical

Born

January 1, 1974 - 51 years ago

CEO of Rush Street Interactive for

3 years 9 months (Aug 2021 - Present)

Previous Experience

Co-Founder and President of Rush Street Interactive, led the interactive business for WMS Industries.

Rivals

Competitors/colleagues of Richard Schwartz

D

Jason Robins

Founder and CEO of DraftKings Inc.

2023 Compensation

Stock

$300.00K

Salary

$500.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$27.71M

Holdings

See how much did Richard Schwartz make over time.

Richard Schwartz's holdings in Rush Street Interactive showcase a significant investment in the company. As of the latest data, he owns just over 8 million shares, which gives him a substantial financial stake worth around $38 million. This was notably...

Richard Schwartz's holdings in Rush Street Interactive showcase a significant investment in the company. As of the latest data, he owns just over 8 million shares, which gives him a substantial financial stake worth around $38 million. This was notably impressive during the company's peak growth period in 2021. Schwartz's wealth is closely tied to the success of RSI, meaning he has a strong incentive to drive the company’s performance. His holdings peaked at a value of approximately $44 million when the company's stock was performing exceptionally in mid-2021. Since then, fluctuations in the stock price have adjusted his total wealth, reflecting the ups and downs of the gaming industry. Schwartz's engagement in stock ownership indicates his commitment to the company and can influence his decision-making as CEO, benefiting long-term shareholders.

Total Stock Sold

$20.96M

RSI

$20.96M

2,132,046 RSI shares

What if they kept their stock?

If Richard Schwartz didn't sell their stock, today they would have:
Extra RSI2,132,046 shares worth $45.86M.
This is 118.79% and $24.90M more than what they got when they sold the stock.

Charitable Transactions

RSI

2,336,028 shares

RSI

Recent Charitable Transactions

RSI

2,336,028 shares

RSI

Nov 15, 2024

Charity

Insider Trading

See recent insider trades of Richard Schwartz.

RSI

$5.85M

RSI at $10.06/share

Mar 10, 2025

Sale

RSI

$2.79M

RSI at $14.39/share

Feb 10, 2025

Sale

RSI

$157.46K

RSI at $14.11/share

Jan 13, 2025

Sale

RSI

$2.61M

RSI at $14.29/share

Jan 7, 2025

Sale

RSI

$24.71M

RSI at $14.40/share

Jan 7, 2025

Received

RSI

$2.62M

RSI at $13.54/share

Dec 6, 2024

Sale

RSI

$2.15M

RSI at $11.11/share

Nov 15, 2024

Sale

RSI

2,336,028 shares

RSI

Nov 15, 2024

Charity

RSI

2,336,028 shares

RSI

Nov 15, 2024

Charity

RSI

$1.98M

RSI at $9.89/share

Aug 5, 2024

Sale

Compensation History

See how much did Richard Schwartz make over time.

In 2022, Richard Schwartz's total compensation as the CEO of Rush Street Interactive was over $1.4 million. This amount included a base salary of $537,500, alongside a substantial annual bonus of $724,580, demonstrating his contributions towards achieving the company's performance goals. Although he did not receive any vested stock options or stock grants in that year, the compensation he earned was driven by his results-oriented leadership and the achievements of RSI. Moreover, the compensation strategy at RSI aims to align executive pay with the performance of the company rather than guaranteed payments. This indicates a focus on motivating Schwartz and his team to deliver strong results, fostering a culture of accountability.

Year

2022

Total Compensation

$1.27M

Salary

$537.50K

Board Justification

The executive compensation program aims to attract, motivate, and retain outstanding individuals, aligning the interests of the executive team with those of equity holders, and rewarding performance.

Bonus

$724.58K

Board Justification

Annual cash bonuses are payable upon the achievement of certain pre-established goals or performance metrics, with the target amount of an annual cash bonus pre-determined by the Board.

Other

$11.28K

Board Justification

Company matching contributions under the Company’s 401(k) plan.

Restricted Stock

$0.00(0 )

Board Justification

No vested stock was reported for 2022 as the amounts include stock grants that are not vested.

Performance Metrics

Annual cash bonuses are based on the achievement of qualitative and quantitative performance metrics.

Other Rush Street Interactive CEOs

Here are other CEOs of Rush Street Interactive

Greg Carlin

Ex-CEO of Rush Street Interactive

December 2020 - August 2021