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Adam Foroughi

CEO and Chairperson at AppLovin
Board
Since December 2011
Age
43 years
Education
Holds a Bachelor of Arts in Business Administration from the University of California, Berkeley.
Tenure
Joined APP as a co-founder and board member in December 2011, has served as CEO since then, and was designated Chairperson in March 2021.

Also at AppLovin

VV
Victoria Valenzuela
Chief Legal Officer

About

Adam Foroughi is a seasoned executive known for his entrepreneurial spirit and strategic vision in the advertising technology industry.

Over the years, his leadership has been instrumental in shaping the direction of the company, driving innovation and expansion in the mobile gaming and advertising sectors.

Prior to his work at APP, he co-founded several advertising technology companies, laying the groundwork for his later success at the firm, where his contributions continue to influence the firm’s strategic initiatives and market presence.

$APP Performance Under Adam Foroughi

Past Roles

OrganizationRoleDate RangeDetails
Lifestreet Media Inc.Co-founderN/ACo-founded the company before AppLovin
Social Hour Inc.Co-founderN/ACo-founded the company before AppLovin

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary $400,000Annual (Effective January 1, 2023)Increased from previous $100,000 at his request during the IPO
Work-from-Home Stipend $1,800Per pay period (2023 consistent)Provided to all employees for work-from-home expenses
401(k) Company Matching $9,956Annual (2023)Company's matching contribution to the 401(k) retirement plan

Performance Compensation

Data from  FY 2023

Performance-Based RSUs (PSUs) for 2023

The performance-based RSUs for 2023 are structured with specific performance targets and vesting conditions as detailed below.

MetricValue/TargetDetails
Grant Date March 13, 2023The date on which the PSUs were granted.
Grant Date Stock Price $12.41The closing stock price on the grant date.
Grant Date Fair Value $52,427,592Calculated via a Monte Carlo simulation model for maximum outcome under performance conditions.
Performance Metric Stock Price TargetsTargets are set at $36.00, $46.75, $57.50, $68.25, and $79.00 per share.
Weights per Tranche 20% eachPSUs are divided into five equal tranches, each representing 20%.
Vesting Conditions Based on achieving stock price targetsVesting is determined by the minimum closing price over a consecutive 30 trading-day period during a 5-year performance period; continued employment is required. Accelerated vesting may occur upon a change in control.
Evaluation Period 5 yearsPerformance is measured over a 5-year period beginning from the grant date.
Additional Details ~300% increase requirementThe first target represents nearly a 300% increase from the grant date stock price. PSUs are subject to adjustments for events such as stock splits, dividends, or reorganizations.

There are no additional details on actual share quantities or realized results leading to payouts provided in 2023 documents.