Dolby Grants New CEO Marc Whitten $10M in Stock, Performance RSUs Tied to $175 Share Price
San Francisco – September 18, 2026 -- Dolby Laboratories, Inc. (NYSE: DLB) has granted incoming President and Chief Executive Officer Marc Whitten inducement equity awards worth approximately $10 million in time-based restricted stock, plus a performance package that vests only if Dolby's share price climbs as high as $175.
Dolby ties CEO pay to five escalating stock-price hurdles
The compensation package, disclosed under Dolby's newly adopted 2026 Inducement Stock Plan, splits into two components. The first is a time-based award of 160,256 restricted stock units, valued at roughly $10 million using the average closing price of Dolby's Class A shares over the 30 trading days preceding the grant date. Those units vest semi-annually over two years, contingent on Whitten remaining employed at Dolby through each vesting date.