Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from iRobot (IRBT) is now available.
Glen Weinstein has taken the helm at iRobot Corporation as the Interim CEO, with a compensation package that includes a monthly salary and bonus of approximately $63,333 each, plus a $1.2 million equity award that vests after a year. Should his tenure come to an early end, Weinstein is ensured a severance of $430,000 and the acceleration of his equity award’s vesting, along with additional benefits from other equity awards. This move marks a significant leadership change at iRobot, with financial implications for the company and its new interim executive.
For a thorough assessment of IRBT stock, go to TipRanks’ Stock Analysis page.