Jeffrey Raider
About Jeffrey Raider
Jeffrey Raider, age 44, is a Co‑Founder of Warby Parker and has served as a director since May 2009; the Board has determined he is independent under NYSE rules . He is a Class I director nominee for election at the June 10, 2025 annual meeting, with the term running to the 2028 meeting if elected . Raider co‑founded Mammoth Brands (formerly Harry’s, Inc.) and serves as its Co‑CEO and director, and he is a General Partner of Good Friends, LLC; he holds a B.A. and M.A. in International Studies from Johns Hopkins University and an M.B.A. from Wharton .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Warby Parker Inc. | Co‑Founder; Director (Class I) | Director since 2009; nominee for 2025–2028 term | Founder perspective on brand/consumer; Board service |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Mammoth Brands (formerly Harry’s, Inc.) | Co‑Chief Executive Officer; Director | Since Sept 2012 | Co‑founded omnichannel CPG platform |
| Good Friends, LLC | General Partner | Since Sept 2019 | Venture capital firm; GP alongside WRBY Co‑CEOs (interlock) |
Board Governance
- Committee assignments: Member, Nominating & Corporate Governance Committee (Chair: Ronald Williams). Not on Audit or Compensation Committees .
- Independence: Board determined Raider is independent under NYSE listing standards .
- Attendance/engagement: The Board met 4 times in 2024; Nominating & Corporate Governance met 3 times; each incumbent director attended at least 75% of Board and applicable committee meetings .
- Executive sessions: Non‑management directors meet in regular executive sessions led by the Lead Director (Ronald Williams) .
- Election/tenure: Class I director nominee (2025 meeting); has served since 2009 .
Fixed Compensation
| Component | Policy Detail | Raider – FY2024 |
|---|---|---|
| Annual cash retainer | $75,000 for non‑employee directors | $75,000 cash fees earned in 2024 |
| Lead Director retainer | +$15,000 (if serving as Lead Director) | N/A (not Lead Director) |
| Committee chair retainers | Audit Chair $20,000; Compensation Chair $15,000; Nominating Chair $10,000 | N/A (not a chair) |
| Meeting fees | Not listed in policy (compensation via retainers) | — |
Performance Compensation
| Equity Element | Details | Raider – FY2024 |
|---|---|---|
| Annual director equity grant | Fully vested RSUs at each annual meeting; shares = $225,000 ÷ 30‑day avg closing price before grant; all unvested director awards (if any) accelerate upon change in control | Stock awards of $246,008; annual grant of 14,793 fully vested RSUs in June 2024 (standard for non‑employee directors) |
| Cash‑to‑RSU election | Directors may elect to convert retainers into RSUs and may defer issuance under 409A | 2024 table shows $75,000 in cash for Raider; stock shown separately |
| Performance metrics (directors) | None; director awards are fully vested at grant, not performance‑conditioned | None |
Other Directorships & Interlocks
| Type | Company/Entity | Role/Connection | Note |
|---|---|---|---|
| Public company boards | — | — | No current public company directorships disclosed in WRBY proxy bio |
| Interlocks/affiliations | Good Friends, LLC | General Partner; Co‑GPs include WRBY Co‑CEOs Neil Blumenthal and Dave Gilboa | Shared VC affiliation; potential information flow alignment |
Expertise & Qualifications
- Entrepreneur/operator: Co‑founded Warby Parker and Mammoth Brands (Harry’s) .
- Investor perspective: General Partner at Good Friends VC .
- Education: B.A. and M.A. in International Studies (Johns Hopkins); M.B.A. (Wharton) .
- Board independence: NYSE‑defined independent director .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (Class A shares) | 4,186,697 shares of Class A common stock (includes 3,690,232 Class A shares held via various trusts) |
| % of Class A outstanding | 4.0% of Class A |
| % of total voting power | 1.5% (WRBY has dual‑class; Class B = 10 votes/share) |
| Unvested director awards at 12/31/2024 | None of the non‑employee directors held stock options or unvested stock awards as of 12/31/2024 |
| Pledged shares | No pledges disclosed for Raider in beneficial ownership footnotes (pledges disclosed for Co‑CEOs only) |
| Hedging/pledging policy | Company prohibits hedging and pledging (margin/pledge only with Audit Committee pre‑approval for Section 16 insiders) |
Governance Assessment
-
Positives
- Independent director with founder/operator and investor expertise; serves on Nominating & Corporate Governance Committee that oversees governance and ESG matters .
- Strong ownership alignment via 4.19 million Class A shares; director equity grants are stock‑denominated and fully vested, reinforcing alignment (though not performance‑conditioned) .
- Attendance threshold met (≥75%); Board and committee activity levels disclosed (Board: 4 meetings; N&CG: 3) .
- No Compensation Committee service (reduces interlock concerns); Company discloses no compensation committee interlocks in 2024 .
- Shareholder environment supportive: Say‑on‑Pay 2024 approval >99%, indicating broad investor confidence in compensation governance .
-
Watch items / potential conflicts
- Shared venture capital affiliation (Good Friends GP) with both WRBY Co‑CEOs could create perceived alignment/interlock; Committee independence mitigates but worth monitoring for related‑party dealings (none disclosed for Raider) .
- Dual‑class structure concentrates voting with Class B; Raider’s 1.5% voting power (Class A only) limits shareholder influence relative to founders (context for overall governance, not specific to Raider) .
-
Compensation and policies
- Director pay structure: $75,000 cash retainer plus fully vested RSU grant (value formula $225,000) aligns directors with shareholders; change‑in‑control acceleration applies to director equity .
- Robust insider trading policy (no hedging; pledging generally prohibited) supports alignment; no pledges disclosed for Raider .