No, we’re not making this stuff up. Instead, we looked it up with the Securities & Exchange Commission (SEC), which tracks insider trading and executive compensation details. That includes Pandora founder Tim Westegren, whose stock cashouts are markedly increasing, not decreasing.
Westegren’s annual base salary isn’t specifically listed in SEC filings, though most of this executive peers are making between $300,000 and $400,000 a year.
On the stock side, the stats show that Westergren has now cashed $15.1 million in Pandora stock since the company went public, with absolutely $0 stock purchases.