Model N CEO Jason Blessing's 2022 pay jumps 27% to $7.1M
Model N reports 2022 executive compensation
By ExecPay News
Published: January 6, 2023
Model N reported fiscal year 2022 executive compensation information on January 6, 2023.
In 2022, five Model N executives received on average a compensation package of $3.6M, a 65% increase compared to previous year.
Average pay of disclosed executives at Model N
Jason Blessing, Chief Executive Officer, received $7.1M in total, which increased by 27% compared to 2021. 82% of Blessing's compensation, or $5.8M, was in stock awards. Blessing also received $748K in non-equity incentive plan, $530K in salary, as well as $2.8K in other compensation.
For fiscal year 2022, the median employee pay was $92,328 at Model N. Therefore, the ratio of Jason Blessing's pay to the median employee pay was 77 to one.
Chris Lyon, Chief Revenue Officer, received a compensation package of $3.3M, which increased by 62% compared to previous year. 72% of the compensation package, or $2.4M, was in stock awards.
Suresh Kannan, Chief Product Officer, earned $2.7M in 2022, a 47% increase compared to previous year.
Mark Anderson, Chief Services Officer, received $2.5M in 2022, which increases by 64% compared to 2021.
John Ederer, Chief Financial Officer, earned $2.5M in 2022, a 34% decrease compared to previous year.
Model N's fiscal year ends on September 30.
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Source: SEC filing on January 6, 2023.