Shares in Raspberry Pi have fallen 8% today (writing at 3.30pm) after it announced bonuses for three leadership figures.
Founder Eben Upton (pictured), general counsel Carol Copland and CCO Mike Buffham are to be rewarded under the firm’s long-term incentive plan.
CEO Upton will receive 278,655 shares, with 216,732 apiece for Copland and Buffham.
The vesting of the LTIP Awards is subject to continued employment and the satisfaction of performance conditions assessed over the three financial years ending 31st December 2028.
“Share awards to the CEO and the other members of senior management are significantly within our dilution limits headroom,” the firm stated this morning.
“For the executive directors they are also in line with our proposed remuneration policy. Awards have been calculated using a 90-calendar day average share price of £3.426 and have a value of £955k for the CEO and £743k each for the two other PDMRs.”
Meanwhile Buffham sold 40,000 shares on Friday, while non-executive director Daniel Labbad sold around a quarter of that on the same day.
The Cambridge-based firm is behind low-cost miniature computers which were initially used extensively in education before becoming a favourite among hobbyists.
The company, which listed in 2024, is now “graduating from maker culture and hobbyist fan fave to something more mature”.
Its share price remains up more than 100% in the year to date while it revealed a juicy set of 2025 financial results at the end of last month.
Shares in Raspberry Pi are currently priced at 614 pence, giving it a market cap of around £1.2 billion.
Its offer price at IPO was 280p, while it peaked at 766p in early 2025.