Progress Software CEO Yogesh Gupta's 2022 pay rises 15% to $6.9M
Progress Software reports 2022 executive compensation
By ExecPay News
Published: March 29, 2023
Progress Software reported fiscal year 2022 executive compensation information on March 29, 2023.
In 2022, five executives at Progress Software received on average a compensation package of $2.9M, a 2% increase compared to previous year.
Average pay of disclosed executives at Progress Software
Yogesh Gupta, Chief Executive Officer, received $6.9M in total, which increased by 15% compared to 2021. 66% of Gupta's compensation, or $4.5M, was in stock awards. Gupta also received $644K in non-equity incentive plan, $1.1M in option awards, $575K in salary, as well as $38K in other compensation.
For fiscal year 2022, the median employee pay was $71,637 at Progress Software. Therefore, the ratio of Yogesh Gupta's pay to the median employee pay was 96 to one.
Anthony Folger, Chief Financial Officer, received a compensation package of $2.8M, which increased by 10% compared to previous year. 59% of the compensation package, or $1.7M, was in stock awards.
Loren Jarrett, EVP and General Manager, Digital Experience, earned $1.7M in 2022, a 12% increase compared to previous year.
John Ainsworth, EVP and General Manager, Application and Data Platform, received $1.6M in 2022, which increases by 12% compared to 2021.
Jeremy Segal, EVP, Corporate Development, earned $1.6M in 2022.
Progress Software's fiscal year ends on November 30.
Related executives
Yogesh Gupta
Progress Software
Chief Executive Officer
Anthony Folger
Progress Software
Chief Financial Officer
John Ainsworth
Progress Software
EVP and General Manager, Application and Data Platform
Loren Jarrett
Progress Software
EVP and General Manager, Digital Experience
Jeremy Segal
Progress Software
EVP, Corporate Development
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Source: SEC filing on March 29, 2023.