The article also lists the top recent executive compensations at Anduril, including Co-founder and CEO Brian Schimpf ($19,167,070 in 2021), Co-founder and COO Matt Grimm ($13,767,823 in 2021), and Co-founder Palmer Luckey ($10,923,494 in 2021). The list also includes several other top executives and their respective compensations. The article suggests that these high compensations are part of Anduril's strategy to attract top talent from big tech and government.
Key takeaways:
- The Federal Funding Accountability and Transparency Act (FFATA) allows the public to see the total compensation that defense tech startup Anduril pays its top employees. The act requires the company to report the top compensations after the company has received at least 80 percent of its annual gross revenues from federal awards and has made at least $25 million in annual gross revenues from these awards.
- The compensation data is published on the government contracting database USASpending.gov, but it does not list what year the executive compensation covers. TechCrunch analyzed data from 26 Anduril contracts between 2021 to 2024 and correlated these contracts to the previous year to estimate the year of the compensation.
- Anduril's top executive compensations include Co-founder and CEO Brian Schimpf with $19,167,070 (estimated year 2021), Co-founder and COO Matt Grimm with $13,767,823 (estimated year 2021), and Co-founder Palmer Luckey with $10,923,494 (estimated year 2021).
- Anduril's focus has shifted over the years. In 2021, the list was almost entirely the company’s founders; by 2023, the top paid employees include two autonomous vehicle specialists and two political veterans.