Progress Software CEO Joseph Alsop's 2009 pay jumps 176% to $5.7M
Progress Software reports 2009 executive compensation
By ExecPay News
Published: March 26, 2010
Progress Software reported fiscal year 2009 executive compensation information on March 26, 2010.
In 2009, nine executives at Progress Software received on average a compensation package of $1.6M, a 48% increase compared to previous year.
Average pay of disclosed executives at Progress Software
Joseph W. Alsop, Chief Executive Officer, received $5.7M in total, which increased by 176% compared to 2008. 97% of Alsop's compensation, or $5.5M, was in option awards. Alsop also received $191K in salary and $458 in other compensation.
Richard D. Reidy, Chief Executive Officer, received a compensation package of $3.4M, which increased by 161% compared to previous year. 49% of the compensation package, or $1.7M, was in stock awards.
David G. Ireland, Executive Vice President, earned $1M in 2009, a 28% decrease compared to previous year.
Gary G. Conway, Chief Marketing Officer, received $928K in 2009, which increases by 1596% compared to 2008.
Norman R. Robertson, Chief Financial Officer, earned $886K in 2009, a 5% decrease compared to previous year.
Jeffrey P. Stamen, Senior Vice President, Corporate Development and Strategy, received $732K in 2009, which decreases by 9% compared to 2008.
Christopher Larsen, Executive Vice President, Global Field Operations, earned $688K in 2009.
Barry N. Bycoff, Chairman, received $671K in 2009.
David A. Benson, Executive Vice President, Chief Information Officer, earned $562K in 2009.
Progress Software's fiscal year ends on November 30.
Related executives
Richard Reidy
Progress Software
Chief Executive Officer
Norman Robertson
Progress Software
Chief Financial Officer
Christopher Larsen
Progress Software
Executive Vice President, Global Field Operations
Gary Conway
Progress Software
Chief Marketing Officer
David Benson
Progress Software
Executive Vice President, Chief Information Officer
Barry Bycoff
Progress Software
Chairman
David Ireland
Progress Software
Executive Vice President
Jeffrey Stamen
Progress Software
Senior Vice President, Corporate Development and Strategy
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Source: SEC filing on March 26, 2010.