New Relic CEO William Staples' 2022 pay jumps 1,605% to $14M
New Relic reports 2022 executive compensation
By ExecPay News
Published: July 8, 2022
New Relic reported fiscal year 2022 executive compensation information on July 8, 2022.
In 2022, six New Relic executives received on average a compensation package of $7.7M, a 49% increase compared to previous year.
Average pay of disclosed executives at New Relic
William Staples, Chief Executive Officer, received $14M in total, which increased by 1,605% compared to 2021. 93% of Staples' compensation, or $13M, was in stock awards. Staples also received $537K in non-equity incentive plan and $480K in salary.
For fiscal year 2022, the median employee pay was $203,661 at New Relic. Therefore, the ratio of William Staples' pay to the median employee pay was 67 to one.
Michael Christenson, Chief Executive Officer, received a compensation package of $9.7M, which increased by 64% compared to previous year. 58% of the compensation package, or $5.7M, was in stock awards.
Lewis Cirne, Chairman, earned $6.2M in 2022, a 25% decrease compared to previous year.
Kristy Friedrichs, Chief Operating Officer, received $6M in 2022.
Mark Sachleben, Chief Financial Officer, earned $5.9M in 2022, a 4% increase compared to previous year.
Steve Hurn, Chief Sales Officer, received $5M in 2022.
New Relic's fiscal year ends on March 31.
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Source: SEC filing on July 8, 2022.