Progress Software CEO Yogesh Gupta's 2021 pay rises 16% to $6M
Progress Software reports 2021 executive compensation
By ExecPay News
Published: March 29, 2023
Progress Software reported fiscal year 2021 executive compensation information on March 29, 2023.
In 2021, six executives at Progress Software received on average a compensation package of $2.9M, a 25% increase compared to previous year.
Average pay of disclosed executives at Progress Software
Yogesh Gupta, Chief Executive Officer, received $6M in total, which increased by 16% compared to 2020. 61% of Gupta's compensation, or $3.7M, was in stock awards. Gupta also received $863K in non-equity incentive plan, $900K in option awards, $575K in salary, as well as $24K in other compensation.
For fiscal year 2021, the median employee pay was $81,284 at Progress Software. Therefore, the ratio of Yogesh Gupta's pay to the median employee pay was 74 to one.
Stephen Faberman, Chief Legal Officer, received a compensation package of $4M. 79% of the compensation package, or $3.2M, was in stock awards.
Anthony Folger, Chief Financial Officer, earned $2.5M in 2021, a 17% increase compared to previous year.
Gary Quinn, EVP, Field Operations, Enterprise Application Experience Group, received $1.7M in 2021, which increases by 15% compared to 2020.
Loren Jarrett, EVP, General Manager, Developer Tools Business, earned $1.5M in 2021, a 16% increase compared to previous year.
John Ainsworth, EVP and General Manager, Application and Data Platform, received $1.5M in 2021, which increases by 13% compared to 2020.
Progress Software's fiscal year ends on November 30.
Related executives
John Ainsworth
Progress Software
EVP and General Manager, Application and Data Platform
Yogesh Gupta
Progress Software
Chief Executive Officer
Anthony Folger
Progress Software
Chief Financial Officer
Stephen Faberman
Progress Software
Chief Legal Officer
Loren Jarrett
Progress Software
EVP and General Manager, Digital Experience
Gary Quinn
Progress Software
EVP, Field Operations, Enterprise Application Experience Group
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Source: SEC filing on March 29, 2023.