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George Arison

CEO and Director at Grindr
Board
Since October 19, 2022
Age
46 years
Education
Holds a bachelor's degree from Middlebury College.
Tenure
Joined GRND as Chief Executive Officer and Director on October 19, 2022, following a brief role as CEO of Legacy Grindr from October 2022 to November 2022.

Also at Grindr

A"B
Austin "AJ" Balance
Chief Product Officer
DIW
Daniel I. Weinstein
Chief Accounting Officer

About

George Arison was born in Georgia and initially built his career as a policy analyst and political campaigner, authoring a book on the political transition in his native country. He pursued higher education at Middlebury College, which laid the groundwork for his entry into the corporate world.

He accumulated a wealth of professional experience working at renowned firms such as Boston Consulting Group and Google, and co-founded initiatives like Taxi Magic (now Curb) that later became part of a larger corporation. His entrepreneurial journey continued as he founded Shift Technologies, where he served as CEO, Chairman, and Director, and co-founded Pulsar AI, further bolstering his reputation in the technology and startup sectors.

At GRND, his extensive background in leadership and strategic innovation was recognized when he assumed the role of CEO and Director on October 19, 2022, following a short period as CEO of Legacy Grindr. His proven track record in transforming industries and driving growth positions him as an influential leader, steering the company toward continued innovation and success.

$GRND Performance Under George Arison

Past Roles

OrganizationRoleDate RangeDetails
Legacy Grindr Chief Executive Officer October 2022 - November 2022 Served briefly before assuming current roles at GRND
Shift Technologies, Inc. (Nasdaq: SFT) Founder and Chief Executive Officer December 2013 - September 2022 Co-founded the company and led as CEO; also served as board member until August 2023
Pulsar AI Co-founder Until 2018 Acquired by Impel in 2018
Alphabet Inc. (Nasdaq: GOOG) Various Positions 2010 - 2013 Worked in multiple roles
Taxi Magic (now known as Curb) Co-founder 2007 - 2010 Acquired by Verifone
Boston Consulting Group (BCG) Various Capacities 2005 - 2007 Worked in various roles

External Roles

OrganizationRoleDate RangeDetails
Shift Technologies, Inc. (Nasdaq: SFT) Board Member Active Continues to serve as a board member
Various Startups Investor Active Invests in startups including Shipper, Carrot, Fathom, and AutoLeap

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,000,000 AnnualSet in the employment agreement; unchanged from 2022
Severance PaymentNot detailed N/AProvisions exist for accelerated RSU vesting upon termination, but no explicit severance amount is provided

Performance Compensation

Data from  FY 2023

2023 Annual Cash Bonus

MetricValueDetails
Performance Metrics40% EBITDA Margin, 25% YoY Revenue Growth Metrics tied to corporate performance
Target Bonus Opportunity$1,000,000 As specified in the employment agreement
Actual Bonus Earned$1,300,000 Adjusted based on achieving corporate goals
Vesting ScheduleN/ACash bonus – no vesting applies
Evaluation Period2023Bonus finalized in March 2024 after evaluation

2023 Performance RSU Award Arrangement

MetricValueDetails
Performance MetricsKPI-based (specific KPIs determined by the compensation committee) KPIs tied to company performance goals for 2023
Target Value Range$1,500,000 to $3,000,000 RSU award target range based on KPI achievement
Awarded Shares247,898 RSUs Fully vested upon grant based on performance; share count determined by target value divided by VWAP
Vesting ScheduleFully vested upon grant No further vesting required once granted
Grant DateDecember 19, 2023 RSUs issued on the grant date
Fair Value / Stock PriceNot explicitly provided Calculated using the 90 trading days volume-weighted-average price (VWAP)

2023 KPI Arrangement (RSU-based)

MetricValueDetails
Performance MetricsDerived from KPIs determined by the compensation committee Specific thresholds and goals not detailed
RSU VestingFully vested upon grant RSUs granted based on KPI achievement
Grant DateDecember 19, 2023 Same as the performance RSU award arrangement
Target Value$1,500,000 to $3,000,000 Value range for RSUs based on performance; similar to the Performance RSU Award Arrangement

*These performance compensation components reflect the incentive structure for 2023, combining a cash bonus and share-based awards tied to specific corporate and performance KPIs. *