How McRae was paid
$7.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Matthew McRaeChief Executive Officer | $790,000 | $5,590,000 | $963,800 | $14,602 | $7,358,402 |
| Kurtis BinderChief Financial Officer and Chief Operating Officer | $500,000 | $3,354,000 | $427,000 | $4,102 | $4,285,102 |
| Brian BusseGeneral Counsel | $410,000 | $1,677,000 | $250,100 | $4,102 | $2,341,202 |
What changed and why
- $330MAnnual recurring revenue reached $330 million, representing a 28% increase from 2024.
- $316MSubscriptions and services revenue grew 30% to $316 million, representing 60% of total revenue.
- 300%Total shareholder return reached nearly 300% since 2022, outperforming benchmark indices.
- $23.3MChief Executive Officer total compensation decreased from $23,268,296 in 2024 to $7,358,402 in 2025.
- Executive equity incentive awards for named executive officers in 2025 were made solely in performance stock units.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.