Sign in

Sanjit Biswas

CEO and Chairman of the Board at Samsara
Board
Since February 2015
Age
42 years
Education
Holds a B.S. in Computer Systems Engineering from Stanford University and an S.M. in Electrical Engineering and Computer Science from MIT.
Tenure
Joined in February 2015 as the Co-Founder, Chief Executive Officer, and Chairman of the Board at the company.

Also at Samsara

JB
John Bicket
CTO and Director
AE
Adam Eltoukhy
EVP, Chief Legal Officer, and Secretary
DP
Dominic Phillips
CFO

About

Sanjit Biswas is a seasoned executive with a strong technical foundation and extensive experience leading innovative technology companies. As of May 29, 2024, he is 42 years old and has demonstrated dynamic leadership in the Internet of Things sector.

Before assuming his current role, he built a notable career foundation by co-founding Meraki, where he served as CEO from April 2006 to December 2012. Following the acquisition of Meraki by Cisco Systems, he contributed as Vice President and General Manager from December 2012 to January 2015, gaining vital corporate expertise and market insight.

Since February 2015, he has been leading the company as both CEO and Chairman of the Board. His combined technical and managerial acumen has been pivotal in driving innovation, strategic growth, and fostering a culture of operational excellence within the organization.

$IOT Performance Under Sanjit Biswas

Past Roles

OrganizationRoleDate RangeDetails
Cisco SystemsVice President and General ManagerDecember 2012 - January 2015Held in a leadership role after Meraki was acquired
MerakiCEO and Co-founderApril 2006 - December 2012Co-founded the company and served as CEO

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$50,000 AnnualFixed salary for services; no increase from FY 2023
All Other Compensation$1,533 AnnualOther forms of compensation not classified under bonus, stock awards, or non-equity incentive

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation

MetricValueDetails
Target Compensation$50,000 100% of base salary
Actual Payout$55,950 Represents 111.9% of target
Performance MetricsARR: 75%, FCF: 25% Net New Annual Recurring Revenue weighted at 75% and Adjusted Free Cash Flow weighted at 25%
Threshold85% Achievement Minimum quarterly performance required for funding
Maximum Payout150% at 115% Achievement Payout scales linearly from 50% at 85% up to 150% at 115% achievement
Evaluation PeriodAnnual with quarterly reviews Quarterly payouts capped at 100% for the first three quarters with a year-end true-up for annual performance

Pay Versus Performance Adjustments

MetricValueDetails
Final CAP$79,225,362 Adjusted compensation payment for FY 2024
Fair Value (End of Year Unvested Awards)$27,281,157 Valuation of outstanding and unvested awards at fiscal year-end
Change in Fair Value (Prior Years Unvested Awards)$25,654,145 Change from prior years’ fair value of unvested awards
Fair Value (At Vesting of FY 2024 Awards)$8,501,594 Fair value at vesting for awards granted in FY 2024
Change in Fair Value (Prior Years Vesting Awards)$17,680,422 Change in fair value at vesting from awards of prior years
Vesting Schedule12 Quarterly Installments RSUs vest over three years starting June 15, 2023, subject to continued service
Grant DateMarch 1, 2023 Date of RSU grant; not applicable to non-equity incentive cash compensation but referenced for performance adjustments linked to stock awards