Daniel Webb
About Daniel Webb
Daniel S. Webb (age 40) is Chief Financial Officer (since February 10, 2025) and Chief Investment Officer (since November 2023) of Aeries Technology, Inc. He previously served as a director from November 2023 to February 2025. Webb holds a Master of Accountancy and BS in Accounting from Brigham Young University and spent a decade-plus in investment banking and private equity, advising ~$40B of transactions and multiple high-profile tech IPOs and M&A deals . During his tenure as CFO, Aeries reported net income for the six months ended September 30, 2025 of $2,320 versus a loss of $(17,623) in the prior-year period, indicating improved profitability momentum .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Aeries Technology, Inc. | Chief Financial Officer (Principal Financial Officer) | Feb 2025–present | Signed SOX 302/906 certifications; led quarterly reporting |
| Aeries Technology, Inc. | Chief Investment Officer | Nov 2023–present | Capital markets and investment strategy post-business combination |
| Aeries Technology, Inc. | Director | Nov 2023–Feb 2025 | Executive director; nominal director fee |
| Worldwide Webb Acquisition Corp. (SPAC) | CEO, CFO, Director | Mar 2021–Nov 2023 | Led SPAC; executed combination with Aeries |
| Bank of America | Investment Banker | Aug 2017–Mar 2021 | Advised tech IPOs (e.g., Snap, Carvana, Pinterest) and financings |
| Citi | Investment Banker | Mar 2013–Aug 2017; Mar 2010–Jun 2012 | Tech IPOs and M&A (e.g., Revolve, SurveyMonkey) |
| HarbourVest Partners | Private Equity Investor | Jun 2012–Mar 2013 | Directed investments (Lightower, Sidera, Confie Seguros) |
External Roles
- None disclosed in AERT filings reviewed .
Fixed Compensation
| Year/Role | Component | Amount (USD) | Notes |
|---|---|---|---|
| FY 2024 – Executive Director | Director retainer | $1 | Executive directors (including Webb) received $1 annual fee |
| FY 2025 – CFO | Base salary | Not disclosed | Proxy uses EGC scaled disclosures; no CFO pay table provided |
Performance Compensation
| Incentive Type | Metric/Design | Target/Weighting | Actual/Payout | Vesting/Timing | Notes |
|---|---|---|---|---|---|
| RSUs (vested, outstanding as of record date) | Time-based settlement | N/A | N/A | 747,815 RSUs to be settled in substantially equal monthly installments from Aug 15, 2024 to Mar 15, 2025 | Webb’s beneficial ownership footnote details RSU settlement schedule |
| Equity Plan Architecture | Company 2023 Equity Incentive Plan (as amended) | Share reserve to 11,928,287; 5% evergreen | N/A | Awards at admin discretion; potential CoC treatment at admin discretion | Plan amendment increased pool and added evergreen; change-in-control treatment allows acceleration/assumption/cash-out at admin discretion; clawback applies |
Equity Ownership & Alignment
| Ownership Item | Amount | Timing/Status | Notes |
|---|---|---|---|
| Class A ordinary shares beneficially owned | 1,307,815 | As of record date Jan 29, 2025 | 2.9% of Class A shares; 1.2% voting power |
| Direct Class A shares | 560,000 | As of record date | Component of beneficial ownership |
| RSUs (vested; scheduled to settle) | 747,815 | Settlement Aug 15, 2024–Mar 15, 2025 | Monthly settlement per proxy footnote |
| Shares outstanding (context) | 44,557,996 Class A; 1 Class V | As of record date | Class V had 1.3% voting at that date; special voting in “extraordinary events” |
| Anti-hedging/anti-pledging | Prohibited | Policy effective June 18, 2025 | Covered persons may not hedge, pledge, hold on margin; pre-clearance required |
| Stock ownership guidelines | Not disclosed | — | No officer ownership multiples disclosed in filings reviewed |
Additional insider supply/withholding dynamics:
- Treasury stock: 1,285,392 shares held as treasury to cover tax withholding on RSU vesting for Mr. Khare, Mr. Webb and Mr. Nambiar (reduces free float but reflects share settlement tax obligations), as of September 30, 2025 .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Appointment/tenure | Appointed CFO Feb 10, 2025; CIO since Nov 2023; prior AERT director until Feb 2025 | |
| Certifications | Signed SOX Rule 13a-14(a) (302) and 18 U.S.C. §1350 (906) certifications for Q2 FY2026 10-Q (filed Nov 10, 2025) | |
| Insider trading policy | Company policy designates CFO as Compliance Officer if none is separately designated; mandates pre-clearance, trading windows | |
| Clawback | Awards subject to recovery under law, listing standards, and company policy | |
| Change-of-control (equity) | Administrator may accelerate/assume/cash-out awards; not uniform across awards | |
| Severance / CoC cash multiples | Not disclosed for Webb in reviewed filings |
Investment Implications
- Alignment vs. liquidity: Webb owned ~2.9% of Class A as of the 2025 record date, including 560k direct shares and 747,815 RSUs that settled by March 2025, signaling meaningful alignment but with much of the 2024–2025 equity now fully liquid, potentially reducing retention “handcuffs” unless refreshed grants are awarded .
- Near-term technicals: The company’s withholding-related treasury share activity (1,285,392 shares for RSU vesting taxes across three executives) indicates recent settlement flows; while treasury accounting reduces free float, RSU settlement can coincide with insider selling pressure depending on net share delivery and tax strategies .
- Policy safeguards: Strict prohibitions on hedging and pledging reduce the risk of forced or hedged sales by executives, which investors often view favorably for incentive alignment .
- Future dilution/retention capacity: The expanded equity plan reserve and 5% evergreen enable continued equity-based compensation to retain executives and staff, but also increase potential dilution if fully utilized; CoC treatment resides with the plan administrator, introducing some uncertainty in change-in-control economics .
- Execution markers: As CFO, Webb signed 302/906 certifications and oversaw reporting during a period where Aeries posted net income for the six months ended Sept 30, 2025 vs. a loss in the prior year—a favorable directional signal for operating discipline under his financial leadership .
Key gaps: Webb’s base salary, target/actual bonuses, and any individual severance or change-in-control cash terms were not disclosed in the reviewed proxy/filings; monitor future 8-K Item 5.02 updates and the next proxy for granular CFO compensation and incentive metrics .