Backblaze (BLZE) executive compensation, 2026 proxy

Gleb Budman, Chief Executive Officer and Chairperson, was paid $2.7M in 2025, up 21% from $2.2M the year before.

Filed
April 15, 2026
Annual meeting
May 26, 2026
Pay year
2025
Named executives
3
CEO total pay
$2.7M+21% vs prior year
CEO pay in equity
79%$2.1M in awards
CEO 2025 Salary
$550,000Base salary for fiscal 2025
CEO Target Bonus
75%Percentage of base salary
Bonus Payout Percentage
68%Based on 2025 financial metrics
CFO 2025 Total Compensation
$618,326Marc Suidan compensation
Former SVP Severance
$346,882Tina Cessna separation payment

How Budman was paid

$2.7M 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.

Salary21%Stock awards79%All other compensation0%

Named executive officers

ExecutiveTotal
Gleb BudmanChief Executive Officer and Chairperson$2,674,004
Marc SuidanChief Financial Officer$618,326
Tina CessnaFormer Senior Vice President, Engineering$655,080

What changed and why

  • $2.7MCEO Gleb Budman received total compensation of $2,674,004 for fiscal 2025, an increase from $2,207,007 in fiscal 2024.
  • 68%The 2025 annual bonus plan achievement payout percentage was determined to be 68 percent.
  • Annual bonus awards for 2025 were settled entirely in RSUs rather than a combination of cash and RSUs.
  • $347KFormer Senior Vice President Tina Cessna received $346,882 in severance pay in connection with her departure.
  • Financial metrics used for the 2025 bonus plan included revenue, adjusted free cash flow, and ARR.

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.