Varonis Systems CEO Yakov Faitelson's 2021 pay jumps 67% to $10M
Varonis Systems reports 2021 executive compensation
By ExecPay News
Published: April 12, 2022
Varonis Systems reported fiscal year 2021 executive compensation information on April 12, 2022.
In 2021, five executives at Varonis Systems received on average a compensation package of $6.3M, a 25% increase compared to previous year.
Average pay of disclosed executives at Varonis Systems
Yakov Faitelson, Chief Executive Officer, received $10M in total, which increased by 67% compared to 2020. 89% of Faitelson's compensation, or $9.3M, was in stock awards. Faitelson also received $528K in non-equity incentive plan, $560K in salary, as well as $34K in other compensation.
For fiscal year 2021, the median employee pay was $196,224 at Varonis Systems. Therefore, the ratio of Yakov Faitelson's pay to the median employee pay was 53 to one.
David Bass, Chief Technology Officer, received a compensation package of $6.2M, which decreased by 3% compared to previous year. 93% of the compensation package, or $5.8M, was in stock awards.
Guy Melamed, Chief Financial Officer, earned $5.6M in 2021, a 9% decrease compared to previous year.
Gilad Raz, Chief Information Officer and VP of Technical Services, received $4.7M in 2021, which increases by 89% compared to 2020.
James O'Boyle, Senior Vice President of Worldwide Sales, earned $4.6M in 2021, a 17% increase compared to previous year.
Related executives
Yakov Faitelson
Varonis Systems
Chief Executive Officer
Guy Melamed
Varonis Systems
Chief Financial Officer
David Bass
Varonis Systems
Chief Technology Officer
James O'Boyle
Varonis Systems
Senior Vice President of Worldwide Sales
Gilad Raz
Varonis Systems
Chief Information Officer and VP of Technical Services
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Source: SEC filing on April 12, 2022.