Model N CEO Jason Blessing's 2020 pay jumps 59% to $4.8M
Model N reports 2020 executive compensation
By ExecPay News
Published: January 8, 2021
Model N reported fiscal year 2020 executive compensation information on January 8, 2021.
In 2020, five Model N executives received on average a compensation package of $2.6M, a 105% increase compared to previous year.
Jason Blessing, Chief Executive Officer, received $4.8M in total, which increased by 59% compared to 2019. 80% of Blessing's compensation, or $3.9M, was in stock awards. Blessing also received $440K in non-equity incentive plan, $500K in salary, as well as $9.8K in other compensation.
For fiscal year 2020, the median employee pay was $92,328 at Model N. Therefore, the ratio of Jason Blessing's pay to the median employee pay was 52 to one.
Suresh Kannan, Senior Vice President and Chief Product Officer, received a compensation package of $3.3M, which increased by 243323% compared to previous year. 83% of the compensation package, or $2.8M, was in stock awards.
David Barter, Chief Financial Officer, earned $1.7M in 2020, a 27% increase compared to previous year.
Chris Lyon, Senior Vice President and Chief Revenue Officer, received $1.6M in 2020, which decreases by 6% compared to 2019.
Dave Michaud, Chief Marketing Officer, earned $1.5M in 2020.
Model N's fiscal year ends on September 30.