Companies Envestnet
Envestnet (ENV): executive pay, fiscal 2023
Free brief. Every figure links to the company’s own filing.
Envestnet no longer files a proxy statement; its last pay data is FY2023.
CEO pay, last three years
- $6,172,629FY2021
- $6,921,191FY2022
- $4,880,843FY2023
CEO total pay was $4,880,843 in fiscal 2023, down from $6,921,191 in fiscal 2022.
FY2023: salary $650,000 · bonus $581,100 · stock awards $3,520,568 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| William Crager | $650,000 | $581,100 | $3,520,568 | $0 | $0 | $0 | $129,175 | $4,880,843 |
| Chief Executive Officer | ||||||||
| Peter D'Arrigo | 450,000 | 450,000 | 1,280,116 | 0 | 0 | 0 | 25,126 | 2,205,242 |
| Former Chief Financial Officer | ||||||||
| Shelly O'Brien | 391,667 | 0 | 480,022 | 0 | 320,000 | 0 | 22,716 | 1,214,405 |
| Chief Legal Officer, General Counsel and Corporate Secretary | ||||||||
| Joshua Warren | 106,250 | 594,315 | 0 | 0 | 0 | 0 | 0 | 700,565 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| William Crager | $4,880,843 | $6,921,191 | $6,172,629 | ↓ −2,040,348 |
| Peter D'Arrigo | 2,205,242 | 2,924,584 | 2,749,960 | ↓ −719,342 |
| Shelly O'Brien | 1,214,405 | 1,327,901 | 1,398,772 | ↓ −113,496 |
| Joshua Warren | 700,565 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Envestnet provides competitive, performance-based compensation that encourages the achievement of results creating long-term shareholder value. The program aligns pay with performance and shareholder interests by using clearly articulated goals and results, with a significant portion of compensation tied to equity-based incentives.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Willis Towers Watson US LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2023
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Peter D'Arrigo | PSU | 2023-02-28 | 4,850 | 9,699 | — | 14,549 | $673,838 |
| Shelly O'Brien | PSU | 2023-02-28 | 1,819 | 3,637 | — | 5,456 | 252,681 |
| Peter D'Arrigo | RSU | 2023-02-28 | — | — | 9,699 | — | 606,284 |
| Shelly O'Brien | RSU | 2023-02-28 | — | — | 3,637 | — | 227,349 |
| Shelly O Brien | OPTION | 2023-02-28 | 1,819 | 3,637 | — | 5,456 | 252,681 |
| Shelly O Brien | RSU | 2023-02-28 | — | — | 3,637 | — | 227,349 |
| Peter D Arrigo | RSU | 2023-02-28 | — | — | 9,699 | — | 606,284 |
| William Crager | RSU | 2023-02-28 | — | — | 26,674 | — | 1,667,392 |
| Peter D Arrigo | OPTION | 2023-02-28 | 4,850 | 9,699 | — | 14,549 | 673,838 |
| William Crager | OPTION | 2023-02-28 | 13,337 | 26,674 | — | 40,011 | 1,853,176 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Peter D'Arrigo | $606,284 | $673,838 | $0 | 52.6% |
| Shelly O'Brien | 227,349 | 252,681 | 0 | 52.6% |
| Shelly O Brien | 227,349 | 0 | 252,681 | 0.0% |
| Peter D Arrigo | 606,284 | 0 | 673,838 | 0.0% |
| William Crager | 1,667,392 | 0 | 1,853,176 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2023
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Shelly O'Brien | RSU | 433 | — | $21,442 |
| Peter D'Arrigo | RSU | 1,068 | — | 52,887 |
| Shelly O'Brien | RSU | 1,667 | — | 82,550 |
| Shelly O'Brien | RSU | 1,818 | — | 90,027 |
| Shelly O'Brien | RSU | 1,819 | — | 90,077 |
| Shelly O'Brien | RSU | 2,090 | — | 103,497 |
| William Crager | RSU | 2,846 | — | 140,934 |
| Shelly O'Brien | RSU | 3,637 | — | 180,104 |
| Peter D'Arrigo | RSU | 3,850 | — | 190,652 |
| Peter D'Arrigo | RSU | 4,849 | — | 240,122 |
| Peter D'Arrigo | RSU | 4,850 | — | 240,172 |
| Shelly O'Brien | RSU | 5,012 | — | 248,194 |
| Shelly O'Brien | RSU | 5,193 | — | 257,157 |
| Peter D'Arrigo | RSU | 5,570 | — | 275,826 |
| Peter D'Arrigo | RSU | 9,699 | — | 480,294 |
| Peter D'Arrigo | RSU | 12,804 | — | 634,054 |
| William Crager | RSU | 13,337 | — | 660,448 |
| Peter D'Arrigo | RSU | 13,365 | — | 661,835 |
| William Crager | RSU | 15,316 | — | 758,448 |
| William Crager | RSU | 26,674 | — | 1,320,896 |
| William Crager | RSU | 34,144 | — | 1,690,811 |
| William Crager | RSU | 36,755 | — | 1,820,108 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| James L. FoxNot independent · Board Chair · Audit · Strategy · Compensation · Nominating and Governance | $88,250 | $279,750 | — | — | — | $368,000 |
| Gregory SmithIndependent · Audit · Strategy · Compensation | 67,000 | 216,000 | — | — | — | 283,000 |
| Gayle CrowellIndependent · Strategy · Compensation (Chair) | 62,750 | 203,250 | — | — | — | 266,000 |
| Luis AguilarIndependent · Compliance and Information Security | 60,000 | 195,000 | — | — | — | 255,000 |
| Valerie MosleyIndependent · Nominating and Governance | 57,250 | 186,750 | — | — | — | 244,000 |
| Barbara TurnerIndependent · Audit · Compensation · Compliance and Information Security | 56,750 | 185,250 | — | — | — | 242,000 |
| Lauren Taylor WolfeIndependent · Audit | 54,000 | 177,000 | — | — | — | 231,000 |
| Wendy LaneIndependent · Nominating and Governance · Not standing for re-election | 53,750 | 176,250 | — | — | — | 230,000 |
| Ross ChapinIndependent · Audit · Strategy · Departed during FY | 131,000 | 0 | — | — | — | 131,000 |
| William CragerEmployee director · Strategy · Not standing for re-election | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $165,000 |
| Per board meeting fee | $5,000 |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 20,000 |
| Stock ownership guideline | $300,000 |
Total cost of the board
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $630,750 |
| Equity awards (grant-date value) | $1,619,250 |
| All other compensation | $0 |
| Total cost of the board | $2,250,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Envestnet as a peer
Companies that benchmark against ENV
17 companies name ENV as a compensation peer
The list of companies that name ENV as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2023
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
Of the companies Envestnet names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Envestnet.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Envestnet | 2023 | William Crager | $650,000 | $3,520,568 | $0 | $0 | $4,880,843 |
| — | Blackbaud, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | LPL Financial Holdings, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | ACI Worldwide, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Verint Systems, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | AssetMark Financial Holdings, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Avantax, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | FactSet Research Systems Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Fair Isaac Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Guidewire Software, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Informatica, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | MarketAxess Holdings Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Morningstar, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Msci Inc. | — | — | — | — | — | — | not in coverage universe |
| — | New Relic, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Nutanix, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | SEI Investments Company | — | — | — | — | — | — | not in coverage universe |
| — | SS&C Technologies, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Envestnet | not disclosed | RSU 50 · PSU 50 | not disclosed | Willis Towers Watson US LLC |
| ACI Worldwide, Inc. | 135.85% | PSU 65 · RSU 35 | No | Compensia, Inc. |
| AssetMark Financial Holdings, Inc. | not disclosed | not disclosed | not disclosed | Mercer LLC |
| Avantax, Inc. | 123.0% | PSU 60 · Options 20 · RSU 20 | Yes — Relative TSR vs Russell 2000 | Meridian Compensation Partners |
| Blackbaud, Inc. | not disclosed | RSA or RSU 50 · PRSU 50 | No | Compensia, Inc. |
| FactSet Research Systems Inc. | not disclosed | Option 50 · PSU 50 | not disclosed | Meridian Compensation Partners |
| Fair Isaac Corporation | not disclosed | PSU 33 · RSU 33 · Other 33 | No | Compensia, Inc. |
| Guidewire Software, Inc. | not disclosed | RSU 50 · PRSU 50 | not disclosed | Semler Brossy |
| Informatica, Inc. | 48.7% | RSU 50 · PSU 50 | No | Compensia |
| LPL Financial Holdings, Inc. | 133% | PSU 70 · RSU 30 | Yes — TSR relative to Comparator Group | Compensation Consultant |
| MarketAxess Holdings Inc. | 86% | PSU 50 · RSU 25 · Options 25 | No | FW Cook |
| Morningstar, Inc. | 111.4% | MSU 75 · RSU 25 | No | Pay Governance LLC |
| Msci Inc. | 96.21% | not disclosed | Yes — Absolute TSR CAGR | Semler Brossy |
| New Relic, Inc. | 62.8% | RSU 50 · PSU 50 | No | Compensia |
| Nutanix, Inc. | 99.7% | RSU 50 · PSU 50 | Yes — Relative TSR vs Nasdaq Composite Index | Compensia |
| SEI Investments Company | 110% | not disclosed | not disclosed | Semler Brossy Consulting Group, LLC |
| SS&C Technologies, Inc. | 165.4% | PSU 50 · Options 25 · RSU 25 | Yes — Relative TSR Modifier | FW Cook |
| Verint Systems, Inc. | 65% | PSU 60 · RSU 40 | Yes — Relative TSR | Willis Towers Watson |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-05-08 | 45,195,182 | 2,064,280 | 330,124 | 94.97% | Passed |
| 2023 | 2023-06-15 | 45,280,395 | 2,204,082 | 17,450 | 95.32% | Passed |
| 2022 | 2022-05-18 | 48,053,728 | 799,962 | 23,563 | 98.32% | Passed |
| 2021 | 2021-05-12 | 44,100,045 | 1,262,223 | 55,613 | 97.1% | Passed |
| 2020 | 2020-05-13 | 43,765,536 | 1,072,128 | 54,139 | 97.49% | Passed |
| 2019 | 2019-05-16 | 38,464,580 | 926,193 | 47,498 | 97.65% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-05-08 | 94.97%a |
| 2023 | 2023-06-15 | 95.32%b |
| 2022 | 2022-05-18 | 98.32%c |
a. Approved under the standard stated in the filing — “The advisory vote regarding the compensation of our executive officers will be approved by the affirmative vote of the majority of the shares of common stock present in person (including virtually) or represented by proxy and entitled to vote. For purposes of Proposal 2, abstentions will have the effect of a vote "against" the proposal and broker non-votes will have no effect on the results of the advisory vote. The Board recommends that you vote "FOR" the approval, on a non-binding, advisory basis, of the compensation paid to our executive officers. | Abstentions: For purposes of Proposal 2, abstentions will have the effect of a vote "against" the proposal and broker non-votes will have no effect on the results of the advisory vote.”.
b. Approved under the standard stated in the filing — “For purposes of Proposal 2, abstentions will have the effect of a vote "against" the proposal and broker non-votes will have no effect on the results of the advisory vote.”.
c. Approved under the standard stated in the filing — “Abstentions will be considered present and voting and will have the effect of a vote against a proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 69 : 1 |
|---|---|
| CEO total compensation | $4,880,843 |
| Median employee compensation | $70,987 |
Insider trades since the proxy
Equity transactions since the proxy statement are temporarily unavailable — recheck shortly.
Sources (42 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, William Crager. DEF 14A, filed 2024-04-05. Section “2023 Summary Compensation Table”. As printed: 4,880,843. View filing ↗
- Section 01, Peter D'Arrigo. DEF 14A, filed 2024-04-05. Section “2023 Summary Compensation Table”. As printed: 2,205,242. View filing ↗
- Section 01, Shelly O'Brien. DEF 14A, filed 2024-04-05. Section “2023 Summary Compensation Table”. As printed: 1,214,405. View filing ↗
- Section 01, Joshua Warren. DEF 14A, filed 2024-04-05. Section “2023 Summary Compensation Table”. As printed: 700,565. View filing ↗
- Section 03, Peter D'Arrigo PSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Shelly O'Brien PSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Peter D'Arrigo RSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Shelly O'Brien RSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Shelly O Brien OPTION. DEF 14A, filed 2024-04-05. Section “2023 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. View filing ↗
- Section 03, Shelly O Brien RSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Peter D Arrigo RSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, William Crager RSU. DEF 14A, filed 2024-04-05. Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Peter D Arrigo OPTION. DEF 14A, filed 2024-04-05. Section “2023 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. View filing ↗
- Section 03, William Crager OPTION. DEF 14A, filed 2024-04-05. Section “2023 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2024-04-05. Section “CEO Pay Ratio”. As printed: 69 : 1. View filing ↗
- Section 08, James L. Fox. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 368,000. View filing ↗
- Section 08, Gregory Smith. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 283,000. View filing ↗
- Section 08, Gayle Crowell. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 266,000. View filing ↗
- Section 08, Luis Aguilar. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 255,000. View filing ↗
- Section 08, Valerie Mosley. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 244,000. View filing ↗
- Section 08, Barbara Turner. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 242,000. View filing ↗
- Section 08, Lauren Taylor Wolfe. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 231,000. View filing ↗
- Section 08, Wendy Lane. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 230,000. View filing ↗
- Section 08, Ross Chapin. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 131,000. View filing ↗
- Section 08, William Crager. DEF 14A, filed 2024-04-05. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-10. Item 5.07 · say-on-pay result. As reported: 94.97% (votes for as printed: 45,195,182). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-06-20. Item 5.07 · say-on-pay result. As reported: 95.32% (votes for as printed: 45,280,395). View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-05-20. Item 5.07 · say-on-pay result. As reported: 98.32% (votes for as printed: 48,053,728). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 630,750 + equity 1,619,250 + all other 0 = 2,250,000, summed across the director compensation table rows.
- Envestnet (subject), Section 10b CEO total. DEF 14A, filed 2024-04-05. CEO total compensation as printed in Envestnet's own proxy. As printed: 4,880,843. View filing ↗
- Section 10a, Avantax, Inc. reciprocity. DEF 14A. Avantax, Inc. names Envestnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, FactSet Research Systems Inc. reciprocity. DEF 14A. FactSet Research Systems Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, Fair Isaac Corporation reciprocity. DEF 14A. Fair Isaac Corporation's most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, Guidewire Software, Inc. reciprocity. DEF 14A. Guidewire Software, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, Informatica, Inc. reciprocity. DEF 14A. Informatica, Inc. names Envestnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, MarketAxess Holdings Inc. reciprocity. DEF 14A. MarketAxess Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, MSCI Inc. reciprocity. DEF 14A. MSCI Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, New Relic, Inc. reciprocity. DEF 14A. New Relic, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, Nutanix, Inc. reciprocity. DEF 14A. Nutanix, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗
- Section 10a, SS&C Technologies, Inc. reciprocity. DEF 14A. SS&C Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. View filing ↗