New Relic COO Michael Christenson receives $11.1M in 2020

New Relic reports 2020 executive compensation

By ExecPay News

Published: July 7, 2020

New Relic reported fiscal year 2020 executive compensation information on July 7, 2020.
In 2020, five New Relic executives received on average a compensation package of $5.8M, a 78% increase compared to previous year.
Average pay of disclosed executives at New Relic
Michael Christenson, Chief Operating Officer, received $11.1M in total. 48.77% of Christenson's compensation, or $5.4M, was in option awards. Christenson also received $53K in non-equity incentive plan, $200K in salary, $5.4M in stock awards, as well as $21.5K in other compensation.
For fiscal year 2020, the median employee pay was $178,932 at New Relic. Therefore, the ratio of Michael Christenson's pay to the median employee pay was 62 to one.
William Staples, Chief Product Officer, received a compensation package of $5.7M. 48.77% of the compensation package, or $2.8M, was in option awards.
Lewis Cirne, Chief Executive Officer, earned $5.1M in 2020, a 19% increase compared to previous year.
Erica Schultz, Former Chief Revenue Officer, received $4.2M in 2020, which is about the same as previous year.
Mark Sachleben, Chief Financial Officer, earned $2.7M in 2020, a 5% increase compared to previous year.
New Relic's fiscal year ends on March 31.

Related executives

Lewis Cirne

New Relic

Chief Executive Officer

Michael Christenson

New Relic

Chief Operating Officer

Mark Sachleben

New Relic

Chief Financial Officer

William Staples

New Relic

Chief Product Officer

Erica Schultz

New Relic

Former Chief Revenue Officer

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Source: SEC filing on July 7, 2020.