Sandisk management check
SNDK · Information Technology · Technology Hardware, Storage & Peripherals · CEO David Goeckeler
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2025 grew to $3464, against $249 for the peer group the company picked itself.
- n/a
Does pay follow performance?
Not enough dataToo few years of pay and return figures to compare.
- Good
What does the CEO cost owners?
0.09% of net income$10.5m of reported pay in fiscal 2026, against $11.4bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 63 years of payThe CEO holds 416,706 shares, directly or through trusts (unvested awards not counted): about 63 years of pay. 6 insiders sold $131.3m in the last six months and none bought. 69 of 74 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Stock pay 2.5% of revenueStock-based pay was 2.5% of revenue in the latest year.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: Mr. Goeckeler. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2024.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 33 | |
| Pay for performance | — | — | 87 |
| CEO cost | 100 | 35 | |
| Skin in the game | 80 | 47 | |
| Dilution | 84 | 56 | |
| Stable leadership | 100 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Technology Hardware, Storage & Peripherals, by management score. Sandisk is 1st of 73 in its sector.
- 3SNDKSandisk94
- 7DELLDell Technologies90
- 24STXSeagate Technology85
- 178WDCWestern Digital70
- 195PEverpure69
- 204AAPLApple Inc.68
- 295SMCISupermicro62
- 348NTAPNetApp58
- 387HPQHP Inc.55
- 403HPEHewlett Packard Enterprise53
Pay versus performance
From the proxy statement filed October 6, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Mr. Goeckeler | $10.5m | $2.7bn | $3.4m | $3464 | $249 | $11.4bn |
| 2025 | — | $22.9m | $40.8m | $4.8m | $94 | $108 | −$1.6bn |
The board says pay is tied most to revenue. Its other key measures: Revenue, Non-GAAP Operating Income.
Insiders and the CEO's stake
David Goeckeler (Chairman & CEO) held 416,706 shares directly after their latest Form 4 on Sep 17, 2026, roughly $661.3m at that filing's price.
6 insiders sold $131.3m in the last six months and none bought. 69 of 74 sales ran on pre-arranged 10b5-1 plans.
- SoldDavid GoeckelerChairman & CEO · 10b5-1 plan$105.0mSep 17, 2026
- SoldAlper IlkbaharEVP & Chief Technology Officer$11.4mSep 3, 2026
- SoldBernard ShekChief Legal Officer and Secty · 10b5-1 plan$9.0mOct 1, 2026
- SoldMichael PokornyVP, Chief Accounting Officer$3.5mMay 12, 2026
Leadership and governance on file
- Sep 16, 2026Leadership change8-K 5.02
- Jan 2, 2026Leadership change8-K 5.02
- Mar 11, 2025Leadership change8-K 5.02
- Feb 24, 2025Leadership change8-K 5.02
Latest shareholder vote results: Nov 20, 2025, including the say-on-pay vote.
Where the money went
Over 2021–2025: $0 returned to owners in buybacks and dividends, and $331.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $6.7bn | $7.4bn | — |
| Net income | — | — | −$672.0m | −$1.6bn | — |
| Stock-based pay | — | — | $149.0m | $182.0m | — |
| Buybacks | — | — | $0 | $0 | — |
| Dividends | — | — | — | — | — |
| Diluted shares | — | — | 145m | 145m | — |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.