Companies Prft
Prft (PRFT): executive pay, fiscal 2023
Free brief. Every figure links to the company’s own filing.
Prft no longer files a proxy statement; its last pay data is FY2023.
CEO pay, last three years
- $3,261,378FY2021
- $3,892,241FY2022
- $5,809,472FY2023
CEO total pay was $5,809,472 in fiscal 2023, up from $3,892,241 in fiscal 2022.
FY2023: salary $553,542 · bonus $0 · stock awards $5,237,064 · 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 |
|---|---|---|---|---|---|---|---|---|
| Jeffrey Davis | $517,917 | $0 | $6,749,946 | $0 | $0 | $0 | $42,960 | $7,310,823 |
| Chairman of the Board, Former Chief Executive Officer and Executive Chairman | ||||||||
| Thomas Hogan | 553,542 | 0 | 5,237,064 | 0 | 0 | 0 | 18,866 | 5,809,472 |
| President and Chief Executive Officer, former Chief Operating Officer | ||||||||
| Paul Martin | 460,000 | 0 | 2,529,944 | 0 | 0 | 0 | 13,847 | 3,003,791 |
| Chief Financial Officer | ||||||||
| Kevin Sheen | 328,750 | 0 | 449,967 | 0 | 0 | 0 | 17,885 | 796,602 |
| SVP - Global Operations | ||||||||
| Susan Adomite | 251,667 | 0 | 199,994 | 0 | 0 | 0 | 11,031 | 462,692 |
| SVP, Controller and Principal Accounting 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 |
|---|---|---|---|---|
| Jeffrey Davis | $7,310,823 | $7,058,060 | $6,997,941 | ↑ +252,763 |
| Thomas Hogan | 5,809,472 | 3,892,241 | 3,261,378 | ↑ +1,917,231 |
| Paul Martin | 3,003,791 | 3,170,249 | 2,673,213 | ↓ −166,458 |
| Kevin Sheen | 796,602 | — | — | — |
| Susan Adomite | 462,692 | — | — | — |
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
The Company's compensation programs are designed to attract, retain, and reward executives who are responsible for achieving the business objectives necessary to assure both revenue and profit growth while providing clients of the Company with the highest quality solutions and services. A significant portion of compensation paid to executives is directly related to delivering revenue and profit growth and other factors that influence stockholder value, thereby aligning executive interests closely with stockholder interests, which leads the Company to focus more on variable compensation than on base salary.
| CEO STI target (% of salary) | 150% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Lockton Companies 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 |
|---|---|---|---|---|---|---|---|
| Paul Martin | RSU | 2023-02-21 | — | — | 34,421 | — | $2,529,944 |
| Susan Adomite | RSU | 2023-02-21 | — | — | 2,721 | — | 199,994 |
| Kevin Sheen | RSU | 2023-02-21 | — | — | 6,122 | — | 449,967 |
| Jeffrey Davis | RSU | 2023-02-21 | — | — | 91,836 | — | 6,749,946 |
| Thomas Hogan | RSU | 2023-02-21 | — | — | 59,319 | — | 4,359,947 |
| Thomas Hogan | RSU | 2023-07-25 | — | — | 10,842 | — | 877,118 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Paul Martin | $2,529,944 | $0 | $0 | 0.0% |
| Susan Adomite | 199,994 | 0 | 0 | 0.0% |
| Kevin Sheen | 449,967 | 0 | 0 | 0.0% |
| Jeffrey Davis | 6,749,946 | 0 | 0 | 0.0% |
| Thomas Hogan | 5,237,065 | 0 | 0 | 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 |
|---|---|---|---|---|
| Susan Adomite | RSU | 285 | — | $18,759 |
| Susan Adomite | RSU | 1,014 | — | 66,741 |
| Kevin Sheen | RSU | 1,997 | — | 131,443 |
| Kevin Sheen | RSU | 2,366 | — | 155,730 |
| Susan Adomite | RSU | 2,721 | — | 179,096 |
| Kevin Sheen | RSU | 6,122 | — | 402,950 |
| Paul Martin | RSU | 10,530 | — | 693,085 |
| Thomas Hogan | RSU | 10,842 | — | 713,620 |
| Thomas Hogan | RSU | 12,328 | — | 811,429 |
| Paul Martin | RSU | 17,104 | — | 1,125,785 |
| Thomas Hogan | RSU | 21,092 | — | 1,388,275 |
| Jeffrey Davis | RSU | 25,970 | — | 1,709,345 |
| Paul Martin | RSU | 34,421 | — | 2,265,590 |
| Jeffrey Davis | RSU | 39,549 | — | 2,603,115 |
| Thomas Hogan | RSU | 59,319 | — | 3,904,377 |
| Jeffrey Davis | RSU | 91,836 | — | 6,044,646 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jill A. JonesIndependent · Audit | $31,126 | $224,841 | $0 | $0 | $0 | $255,967 |
| Ralph C. DerricksonIndependent · Audit · Nominating, Governance and Sustainability · Compensation · Not standing for re-election · Departed during FY | 73,000 | 124,899 | 0 | 0 | 0 | 197,899 |
| David S. LundeenIndependent · Lead Independent Director · Audit (Chair) · Nominating, Governance and Sustainability · Compensation · Lead Director | 105,000 | 74,953 | 0 | 0 | 0 | 179,953 |
| Romil BahlIndependent · Nominating, Governance and Sustainability | 55,000 | 124,920 | 0 | 0 | 0 | 179,920 |
| Nancy C. PechloffIndependent · Audit | 55,000 | 124,909 | 0 | 0 | 0 | 179,909 |
| Gary M. WimberlyIndependent · Nominating, Governance and Sustainability (Chair) · Compensation | 55,000 | 123,538 | 0 | 0 | 0 | 178,538 |
| Brian L. MatthewsIndependent · Nominating, Governance and Sustainability · Compensation (Chair) | 56,875 | 94,718 | 0 | 0 | 0 | 151,593 |
| Jeffrey S. DavisEmployee director · Board Chair | 0 | 0 | 0 | 0 | 0 | 0 |
| Thomas J. HoganEmployee director · Partial-year service | 0 | 0 | 0 | 0 | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $55,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 18,000 / 10,000 |
| Stock ownership guideline | the stock ownership guidelines require each non-employee director to own shares of Common Stock with a fair market value of three times their annual cash retainer |
Total cost of the board
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $431,001 |
| Equity awards (grant-date value) | $892,778 |
| All other compensation | $0 |
| Total cost of the board | $1,323,779 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Prft as a peer
Companies that benchmark against PRFT
The list of companies that name PRFT 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 Prft 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 Prft.
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 | Prft | 2023 | Thomas Hogan | $553,542 | $5,237,064 | $0 | $0 | $5,809,472 |
| — | Paylocity Holding Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Evertec, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | ACI Worldwide Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Pegasystems Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Ansys Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Epam Systems, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Commvault Systems, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Endava PLC | — | — | — | — | — | — | not in coverage universe |
| — | Blackbaud, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | LiveRamp Holdings, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Thoughtworks Holding, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Unisys Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Adtran, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | ExlService Holdings, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Manhattan Associates, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Okta, 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 |
|---|---|---|---|---|
| Prft | not disclosed | not disclosed | not disclosed | not disclosed |
| ACI Worldwide Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Adtran, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Ansys Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Blackbaud, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Commvault Systems, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Endava PLC | not disclosed | not disclosed | not disclosed | not disclosed |
| Epam Systems, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Evertec, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| ExlService Holdings, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| LiveRamp Holdings, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Manhattan Associates, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Okta, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Paylocity Holding Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Pegasystems Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Thoughtworks Holding, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Unisys Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
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 | 2024-05-29 | 29,425,024 | 1,296,717 | 64,436 | 95.78% | Passed |
| 2023 | 2023-06-07 | 27,727,320 | 2,608,546 | 24,208 | 91.4% | Passed |
| 2022 | 2022-05-25 | 26,758,428 | 2,648,357 | 118,013 | 90.99% | Passed |
| 2021 | 2021-05-25 | 25,492,811 | 2,375,771 | 71,270 | 91.48% | Passed |
| 2020 | 2020-05-20 | 24,010,348 | 3,409,302 | 83,553 | 87.57% | Passed |
| 2019 | 2019-05-29 | 25,772,014 | 962,641 | 320,861 | 96.4% | 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.
Insider trades since the proxy
Equity transactions since the proxy statement are temporarily unavailable — recheck shortly.
Sources (24 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, Jeffrey Davis. DEF 14A, filed 2024-04-17. Section “Summary Compensation Table” · page 37. As printed: 7,310,823. View filing ↗
- Section 01, Thomas Hogan. DEF 14A, filed 2024-04-17. Section “Summary Compensation Table” · page 37. As printed: 5,809,472. View filing ↗
- Section 01, Paul Martin. DEF 14A, filed 2024-04-17. Section “Summary Compensation Table” · page 37. As printed: 3,003,791. View filing ↗
- Section 01, Kevin Sheen. DEF 14A, filed 2024-04-17. Section “Summary Compensation Table” · page 37. As printed: 796,602. View filing ↗
- Section 01, Susan Adomite. DEF 14A, filed 2024-04-17. Section “Summary Compensation Table” · page 37. As printed: 462,692. View filing ↗
- Section 03, Paul Martin RSU. DEF 14A, filed 2024-04-17. Section “PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Susan Adomite RSU. DEF 14A, filed 2024-04-17. Section “PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Kevin Sheen RSU. DEF 14A, filed 2024-04-17. Section “PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Jeffrey Davis RSU. DEF 14A, filed 2024-04-17. Section “PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Thomas Hogan RSU. DEF 14A, filed 2024-04-17. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Thomas Hogan RSU. DEF 14A, filed 2024-04-17. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 08, Jill A. Jones. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 255,967. View filing ↗
- Section 08, Ralph C. Derrickson. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 197,899. View filing ↗
- Section 08, David S. Lundeen. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 179,953. View filing ↗
- Section 08, Romil Bahl. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 179,920. View filing ↗
- Section 08, Nancy C. Pechloff. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 179,909. View filing ↗
- Section 08, Gary M. Wimberly. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 178,538. View filing ↗
- Section 08, Brian L. Matthews. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 151,593. View filing ↗
- Section 08, Jeffrey S. Davis. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Thomas J. Hogan. DEF 14A, filed 2024-04-17. Section “Director Compensation”. As printed: 0. 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 431,001 + equity 892,778 + all other 0 = 1,323,779, summed across the director compensation table rows.
- Prft (subject), Section 10b CEO total. DEF 14A, filed 2024-04-17. CEO total compensation as printed in Prft's own proxy. As printed: 5,809,472. View filing ↗