Model N CEO Jason Blessing's 2021 pay rises 15% to $5.6M
Model N reports 2021 executive compensation
By ExecPay News
Published: January 7, 2022
Model N reported fiscal year 2021 executive compensation information on January 7, 2022.
In 2021, seven Model N executives received on average a compensation package of $2.2M, a 7% decrease compared to previous year.
Average pay of disclosed executives at Model N
Jason Blessing, Chief Executive Officer, received $5.6M in total, which increased by 15% compared to 2020. 77% of Blessing's compensation, or $4.3M, was in stock awards. Blessing also received $758K in non-equity incentive plan and $515K in salary.
For fiscal year 2021, the median employee pay was $92,328 at Model N. Therefore, the ratio of Jason Blessing's pay to the median employee pay was 60 to one.
John Ederer, Chief Financial Officer, received a compensation package of $3.8M. 85% of the compensation package, or $3.2M, was in stock awards.
Chris Lyon, Chief Revenue Officer, earned $2M in 2021, a 25% increase compared to previous year.
Suresh Kannan, Chief Product Officer, received $1.9M in 2021, which decreases by 44% compared to 2020.
Mark Anderson, Chief Services Officer, earned $1.6M in 2021, a 22% increase compared to previous year.
Cathy Lewis, Chief Accounting Officer, received $553K in 2021.
David Barter, Chief Financial Officer, earned $8.5K in 2021, a 99% decrease compared to previous year.
Model N's fiscal year ends on September 30.
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Source: SEC filing on January 7, 2022.