Peloton’s Chief Legal Officer Kushi earned $13.5 million before leaving | Media Pyro


Peloton’s chief executive left the company this month with just under $13.5 million in 2022, according to Securities and Exchange Commission filings.

Hisao Kushi’s salary includes $12.7 million in stock option awards and a $750,000 salary, according to a proxy statement. He also received a $750,000 severance payment upon his Oct. 3 severance, the attorney showed.

The company that sells bicycles connected to the interactive platform went up during the beginning of the epidemic. It later hit hard to get people back to gyms, with the company’s stock down 78% this year.

Kushi and co-chief executive John Foley parted ways after Peloton said in August it would cut nearly 800 jobs, raise costs, close stores and restructure its operations. business.

Foley earned more than $16 million in total salary through 2022, according to the proxy.

Kate Kushi, the daughter of Hisao Kushi, was paid $106,939 in salary and $30,050 in equity in 2022 for her role as product marketing manager, according to the proxy.

Bertrand “Lance” Lanciault III, Peloton’s former head of compliance and risk, has left the company to join social media parent company Snapchat. The SEC statement did not list the amount of his earnings.

Peloton hired Uber Technologies executive Tammy Albarrán to replace Kushi as chief legal officer and corporate secretary, Peloton said last month. He served as deputy general counsel for Uber Technologies Inc., overseeing the company’s legal team.

Before moving to Uber, Albarrán was a litigation and investigative partner in Covington & Burling’s San Francisco office.


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