Sonos appoints Tom Conrad as permanent CEO with $850k salary and $7M equity grant

Sonos Inc

Tom Conrad named permanent CEO/President effective July 22, 2025; interim CEO since Jan 13, 2025.
Base salary $850k; target annual bonus 100% of salary; $750k performance bonus for fiscal 2025 interim service.
Initial CEO equity awards of ~$7M: $3.5M RSUs (4-year annual vest) and $3.5M PSUs (two-year performance goals).
Severance: 24-month salary on qualifying termination; full equity acceleration upon change-of-control termination. Conrad remains on Board.

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