Proofpoint CEO Gary Steele's 2018 pay jumps 892% to $64.7M

Proofpoint reports 2018 executive compensation

By ExecPay News

Published: April 17, 2019

Proofpoint reported fiscal year 2018 executive compensation information on April 17, 2019.
In 2018, seven Proofpoint executives received on average a compensation package of $16.1M, a 446% increase compared to previous year.
Average pay of disclosed executives at Proofpoint
Gary Steele, Chief Executive Officer, received $64.7M in total, which increased by 892% compared to 2017. 98.06% of Steele's compensation, or $63.5M, was in stock awards. Steele also received $753.5K in non-equity incentive plan, $496.9K in salary, as well as $2.4K in other compensation.
For fiscal year 2018, the median employee pay was $138,666 at Proofpoint. Therefore, the ratio of Gary Steele's pay to the median employee pay was 467 to one.
Klaus Oestermann, Chief Operating Officer, received a compensation package of $20.7M. 95.68% of the compensation package, or $19.8M, was in stock awards.
Paul Auvil, Chief Financial Officer, earned $10.8M in 2018, a 247% increase compared to previous year.
Blake Sall, Executive Vice President, Worldwide Sales, received $4.8M in 2018.
David Knight, Executive Vice President and General Manager, Security Products, earned $4.6M in 2018, a 130% increase compared to previous year.
Tracy Newell, Former Executive Vice President, Global Field Operations, received $4.1M in 2018, which increases by 47% compared to 2017.
Bhagwat Swaroop, Executive Vice President, Industry Solutions and Business Development, earned $2.6M in 2018, a 69% increase compared to previous year.

Related executives

Gary Steele

Proofpoint

Chief Executive Officer

Paul Auvil

Proofpoint

Chief Financial Officer

David Knight

Proofpoint

Executive Vice President and General Manager, Security Products

Blake Sall

Proofpoint

Executive Vice President, Worldwide Sales

Bhagwat Swaroop

Proofpoint

Executive Vice President, Industry Solutions and Business Development

Tracy Newell

Proofpoint

Former Executive Vice President, Global Field Operations

Klaus Oestermann

Proofpoint

Chief Operating Officer

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Source: SEC filing on April 17, 2019.