New Relic COO Michael Christenson receives $11M 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 $11M in total. 49% 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 $21K 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. 49% 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.
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Source: SEC filing on July 7, 2020.