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    Thomas M. Siebel

    Chief Executive Officer at C3.ai Inc
    Board
    Since July 2011
    Age
    71 years
    Education
    Holds a B.A. in History, an M.B.A., and an M.S. in Computer Science from the University of Illinois at Urbana-Champaign.
    Tenure
    Founded the company and has served as Chairman since January 2009 and as Chief Executive Officer since July 2011.

    Also at C3.ai Inc

    HL
    Hitesh Lath
    Senior Vice President and Chief Financial Officer
    MW
    Merel Witteveen
    Senior Vice President, Operations

    About

    Thomas M. Siebel is a seasoned technology executive known for his extensive experience in leading innovative software companies. He began his career at Oracle Corporation before founding Siebel Systems, a pioneering global CRM software company that later merged with Oracle.

    After establishing himself in the software industry, he founded the company that now stands as a leader in artificial intelligence. He has provided visionary leadership as Chairman since January 2009 and has been serving as Chief Executive Officer since July 2011, steering the company towards new advancements in digital transformation.

    In addition to his executive roles, Siebel is an influential author and board member at prestigious institutions including the University of Illinois at Urbana-Champaign and the University of California, Berkeley. His contributions to technology, academia, and literature underscore a commitment to fostering growth and innovation in the evolving digital landscape.

    $AI Performance Under Thomas M. Siebel

    Past Roles

    Organization Role Date Range [N/A]Details
    Siebel Systems Founder & Chief Executive Officer Until January 2006 Company merged with Oracle Corporation in January 2006
    Oracle Corporation Various leadership positions January 1984 to September 1990 Held multiple leadership roles prior to founding Siebel Systems

    External Roles

    Organization Role Date Range [N/A]Details
    University of Illinois at Urbana-Champaign Member of the College of Engineering boards N/A [N/A]Current active board position
    University of California, Berkeley Member of the College of Engineering boards N/A [N/A]Current active board position
    Self Author N/A [N/A]Authored four books including Digital Transformation: Survive and Thrive in an Era of Mass Extinction

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,000,000AnnualFixed annual salary
    Stock Awards$11,290,020Grant Date: 12/22/2023RSUs under the C3.ai, Inc. Amended and Restated 2020 Equity Incentive Plan; 392,833 shares granted
    Option Awards$11,290,005Grant Date: 12/22/2023Options under the C3.ai, Inc. Amended and Restated 2020 Equity Incentive Plan; 662,489 shares; exercise price $31.61
    All Other Compensation$184,933As ApplicableIncludes $180,445 for personal security services and $4,488 for life insurance premiums

    Performance Compensation

    Data from  FY 2024

    Annual Discretionary Performance-Based Bonus

    • Target Bonus: $1,000,000 (100% of base salary).
    • Payment Schedule: Paid in cash during 2024.
    • Conditions: Discretionary bonus dependent on overall company performance and individual achievements; Mr. Siebel must be employed and in good standing on the date of payment.

    Performance-Based Restricted Stock Units (PRSUs)

    • Grant Date: December 8, 2022.
    • Grant Date Fair Value Assumptions:
      • Stock Price: $12.90.
      • Risk-Free Interest Rate: 3.7%.
      • Dividend Yield: 0%.
      • Expected Volatility: 51.4%.
    • Stock Price Hurdles:
      • Tranche 1: Vest date starts August 2, 2024 with a hurdle of $20.00 for 283,333 shares.
      • Tranche 2: Vest date starts August 2, 2025 with a hurdle of $23.00 for 283,333 shares.
      • Tranche 3: Vest date starts August 2, 2026 with a hurdle of $26.00 for 283,334 shares.
    • Overperformance Hurdles:
      • Additional shares may vest if performance exceeds thresholds: $21.80 for the first period, $25.60 for the second period, and $29.30 for the third period (up to an additional 283,333 shares per tranche).
    • Vesting Schedule: Extends through December 31, 2027.
    • Maximum Shares: Up to 1,700,000 shares may vest.

    Pay Versus Performance Adjustments

    • Equity Award Adjustments:
      • Reported value of equity awards: $22,580,025.
      • Additional equity award adjustments: $80,005,703.
    • Total Compensation Actually Paid (Including Adjustments): $82,190,636.