Varonis Systems CEO Yakov Faitelson's 2018 pay jumps 225% to $8.8M
Varonis Systems reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Varonis Systems reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five executives at Varonis Systems received on average a compensation package of $4.1M, a 80% increase compared to previous year.
Average pay of disclosed executives at Varonis Systems
Yakov Faitelson, Chief Executive Officer, received $8.8M in total, which increased by 225% compared to 2017. 89% of Faitelson's compensation, or $7.8M, was in stock awards. Faitelson also received $407K in non-equity incentive plan, $560K in salary, as well as $11K in other compensation.
For fiscal year 2018, the median employee pay was $151,000 at Varonis Systems. Therefore, the ratio of Yakov Faitelson's pay to the median employee pay was 58 to one.
Guy Melamed, Chief Financial Officer, received a compensation package of $3.8M, which increased by 35% compared to previous year. 83% of the compensation package, or $3.1M, was in stock awards.
James O'Boyle, Senior Vice President of Worldwide Sales, earned $3.3M in 2018, a 138% increase compared to previous year.
David Bass, Chief Technology Officer, received $3.3M in 2018.
Gilad Raz, Chief Information Officer and VP of Technical Services, earned $1.5M in 2018.
Related executives
Yakov Faitelson
Varonis Systems
Chief Executive Officer
Guy Melamed
Varonis Systems
Chief Financial Officer
David Bass
Varonis Systems
Chief Technology Officer
James O'Boyle
Varonis Systems
Senior Vice President of Worldwide Sales
Gilad Raz
Varonis Systems
Chief Information Officer and VP of Technical Services
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Source: SEC filing on March 22, 2019.