Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-06-03

Accolade (ACCD)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,823,597
Rajeev Singh total, FY2024
8th
CEO pay percentile vs peers
28:1
CEO-to-median pay ratio
98.97%
Say-on-pay support, latest vote
Companies that benchmark against ACCD
8 companies name ACCD as a compensation peer

Each company listed discloses ACCD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ACCD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Rajeev Singh$500,000$0$3,320,097$0$0$0$3,500$3,823,597
Chief Executive Officer and Chairman of the Board
Robert Cavanaugh410,00001,375,4630003,5001,788,963
President
Stephen Barnes400,00001,375,4630003,5001,778,963
Chief Financial Officer
Richard Eskew350,0000664,0300003,5001,017,530
Executive Vice President, General Counsel, and Chief Compliance 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Rajeev Singh$3,823,597$1,998,407$6,027,734+1,825,190
Robert Cavanaugh1,788,9631,130,9183,490,875+658,045
Stephen Barnes1,778,9631,138,4562,908,229+640,507
Richard Eskew1,017,530

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Stephen BarnesPSU2023-06-26056,46456,464112,928$690,555
Robert CavanaughRSU2023-06-2756,464684,908
Rajeev SinghRSU2023-06-27136,2931,653,234
Richard EskewPSU2023-06-26027,25927,25954,518333,378
Rajeev SinghPSU2023-06-260136,293136,293272,5861,666,863
Robert CavanaughPSU2023-06-26056,46456,464112,928690,555
Stephen BarnesRSU2023-06-2756,464684,908
Richard EskewRSU2023-06-2727,259330,652
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Stephen Barnes$684,908$690,555$050.2%
Robert Cavanaugh684,908690,555050.2%
Rajeev Singh1,653,2341,666,863050.2%
Richard Eskew330,652333,378050.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robert CavanaughRSU56,464$578,756
Stephen BarnesOption15,0004.2
Richard EskewOption20,0006.55
Stephen BarnesOption8,5004.7
Rajeev SinghRSU136,2931,397,003
Rajeev SinghOption904,8094.2
Robert CavanaughOption564,7504.2
Rajeev SinghRSU26,401270,610
Robert CavanaughRSU11,368116,522
Stephen BarnesRSU6,63467,999
Richard EskewRSU6,22063,755
Richard EskewRSU5,00051,250
Rajeev SinghOption18,1254.5
Rajeev SinghOption59,70153.38
Robert CavanaughOption15,0004.2
Stephen BarnesOption135,0009.6
Robert CavanaughRSU8,16083,640
Robert CavanaughOption8,5004.7
Stephen BarnesRSU12,321126,290
Richard EskewOption10,2504.2
Stephen BarnesRSU56,464578,756
Richard EskewRSU27,259279,405
Rajeev SinghRSU14,926152,992
Rajeev SinghOption12,5004.7
Rajeev SinghOption504,4699.6
Rajeev SinghOption53,6018.03
Stephen BarnesOption78,0004.2
Rajeev SinghOption155,34617.5
Stephen BarnesOption102,30117.5
Stephen BarnesOption25,0158.03
Stephen BarnesOption26,53353.38
Robert CavanaughOption105,63717.5
Robert CavanaughOption32,63553.38
Robert CavanaughOption200,0009.6
Richard EskewOption20,0004.7
Richard EskewOption12,0009.6
Robert CavanaughOption23,0798.03
Richard EskewOption8,29153.38
Richard EskewOption34,48917.5
Richard EskewOption16,6666.27
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation committee believes that the most effective executive compensation program is one that is designed to reward the achievement of our specific annual, long-term and strategic goals, and which aligns executives interests with those of our stockholders by rewarding performance above established goals, with the ultimate objective of improving stockholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-08-0658,197,240605,30197,35598.97%Passed
20232023-08-0856,333,271500,74233,50899.12%Passed
20222022-07-2618,699,52521,202,83524,71546.86%Failed

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 yearMeeting dateApproval — company's computation
20242024-08-0698.97%a
20232023-08-0899.12%b
20222022-07-2646.86%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

07

CEO pay ratio

Ratio (CEO : median employee)28 : 1
CEO total compensation$1,998,407
Median employee compensation$72,286
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Peter KleinIndependent · Lead Independent Director · Audit (Chair)$131,800$130,200$0$0$0$262,000
Dawn LeporeIndependent · Audit · Nominating and Corporate Governance (Chair)106,800130,200000237,000
Elizabeth NabelIndependent · Audit96,800130,200000227,000
Patricia WadorsIndependent · Audit · Compensation96,213130,200000226,413
Jeffrey BrodskyIndependent · Compensation (Chair)96,213130,200000226,413
Jeffrey JordanIndependent · Compensation91,800130,200000222,000
Cindy KentIndependent · Nominating and Corporate Governance91,800130,200000222,000
Michael HiltonIndependent · Executive000000
Rajeev SinghEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$86,800
Annual equity retainer$130,200
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 10,000 / 10,000
Stock ownership guideline5x annual cash retainer ($434,000)
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$711,426
Equity awards (grant-date value)$911,400
All other compensation$0
Total cost of the board$1,622,826

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Accolade 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 Accolade.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1GoodRx Holdings2025Wendy Barnes$825,000$10,921,182$9,000,000$0$23,367,483
2Hims & Hers Health2025Andrew Dudum494,79210,635,35211,000,000585,76322,958,907
3Sharecare2023Jeff Arnold614,75717,218,7500329,00018,191,307
4NextGen Healthcare2022David Sides355,68014,256,48501,012,50015,740,135
5HealthEquity2026Scott Cutler775,00012,038,5630767,25013,582,105
6NRC Health2025Trent Green697,1156,755,0000011,961,900
7Yext2026Michael Walrath482,3087,675,0000503,6088,693,973
8Phreesia2026Chaim Indig515,0007,562,706008,077,706
9Progyny2025Peter Anevski870,0003,499,9802,099,995736,8907,220,612
10Model N2023Jason Blessing556,5006,009,6320306,6286,877,671
11AppFolio2025Shane Trigg550,0004,000,3070814,0005,438,904
12American Well2025Ido Schoenberg701,7551,294,33102,010,1004,162,171
13Health Catalyst2025Daniel Burton525,0003,444,040003,991,159
14Accolade2024Rajeev Singh500,0003,320,097003,823,597
15HealthStream2025Robert Frist400,500224,97779,550158,100868,037
Agilitinot in coverage universe
Tabula Rasa HealthCarenot 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Accoladenot disclosedPSU 50 · RSU 50NoFW Cook
Agilitinot disclosednot disclosednot disclosednot disclosed
American Wellnot disclosedPSU 45 · Cash LTI 45 · RSU 10NoAon
AppFolio148%PSU 60 · RSU 40Nonot disclosed
GoodRx Holdings60.46%RSU 50 · Options 50not disclosedPay Governance
Health Catalyst39%RSU 50 · PSU 50Yes — TSR AchievementAon (Human Capital Solutions practice)
HealthEquity99%PSU 60 · RSU 40YesSemler Brossy
HealthStream97.6%not disclosedNonot disclosed
Hims & Hers Health93.72%Options 51 · RSU 49NoCompensia, Inc.
Model N55.1%PSU 50 · RSU 50NoCompensia
NextGen Healthcarenot disclosedPSU 63 · RSA 37not disclosedFrederic W. Cook & Co., Inc.
NRC Healthnot disclosedRSU 100not disclosednot disclosed
Phreesia140.3%PSU 50 · RSU 50Yes — Relative TSRFW Cook, Inc.
Progyny85%RSU 40 · Options 30 · PSU 30NoSemler Brossy
Sharecare47%RSU 75 · PSU 25Nonot disclosed
Tabula Rasa HealthCarenot disclosednot disclosednot disclosednot disclosed
Yext102.83%RSU 50 · PSU 50NoCompensia

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Rajeev SinghDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE”. As printed: 3,823,597. Filing ↗machine: r2 · c42 · span 399607–399616
2Section 01, Robert CavanaughDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE”. As printed: 1,788,963. Filing ↗machine: r8 · c42 · span 413662–413671
3Section 01, Stephen BarnesDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE”. As printed: 1,778,963. Filing ↗machine: r5 · c42 · span 406860–406869
4Section 01, Richard EskewDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE”. As printed: 1,017,530. Filing ↗machine: r11 · c42 · span 420935–420944
5Section 03, Stephen Barnes PSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t30 · r3 · c1 · span 426879–426886
6Section 03, Robert Cavanaugh RSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t31 · r11 · c18 · span 457571–457578
7Section 03, Rajeev Singh RSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t31 · r5 · c18 · span 447081–447090
8Section 03, Richard Eskew PSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t30 · r5 · c1 · span 428348–428355
9Section 03, Rajeev Singh PSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t30 · r2 · c1 · span 426114–426123
10Section 03, Robert Cavanaugh PSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t30 · r4 · c1 · span 427615–427622
11Section 03, Stephen Barnes RSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t31 · r8 · c18 · span 451615–451622
12Section 03, Richard Eskew RSUDEF 14A2024-06-210001481646-24-000029Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t31 · r14 · c18 · span 462098–462105
13Section 07, pay ratioDEF 14A2023-06-270001558370-23-011456Section “CEO Pay Ratio”. As printed: 28 : 1. Filing ↗machine: span 1167681–1167683
14Section 08, Peter KleinDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 262,000. Filing ↗machine: t18 · r6 · c6 · span 252940–252947
15Section 08, Dawn LeporeDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 237,000. Filing ↗machine: t18 · r7 · c6 · span 254141–254148
16Section 08, Elizabeth NabelDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 227,000. Filing ↗machine: t18 · r8 · c6 · span 255345–255352
17Section 08, Patricia WadorsDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 226,413. Filing ↗machine: t18 · r9 · c6 · span 256549–256556
18Section 08, Jeffrey BrodskyDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 226,413. Filing ↗machine: t18 · r2 · c9 · span 247930–247937
19Section 08, Jeffrey JordanDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 222,000. Filing ↗machine: t18 · r4 · c6 · span 250540–250547
20Section 08, Cindy KentDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 222,000. Filing ↗machine: t18 · r5 · c6 · span 251739–251746
21Section 08, Michael HiltonDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 0. Filing ↗machine: t18 · r3 · c6 · span 249257–249258
22Section 08, Rajeev SinghDEF 14A2024-06-210001481646-24-000029Section “Director Compensation”. As printed: 0. Filing ↗
23Section 06, 2024 voteForm 8-K2024-08-070001481646-24-000042Item 5.07 · say-on-pay result. As reported: 98.97% (votes for as printed: 58,197,240). Filing ↗
24Section 06, 2023 voteForm 8-K2023-08-090001558370-23-014251Item 5.07 · say-on-pay result. As reported: 99.12% (votes for as printed: 56,333,271). Filing ↗
25Section 06, 2022 voteForm 8-K2022-07-280001104659-22-083321Item 5.07 · say-on-pay result. As reported: 46.86%. Filing ↗
26Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
27Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
28Section 09b board cost (computed)ComputedcomputedCash 711,426 + equity 911,400 + all other 0 = 1,622,826, summed across the director compensation table rows.machine: formula: Σ = 1,622,826
29GoodRx Holdings, Section 10b CEO totalDEF 14A2026-04-290001809519-26-000091CEO total compensation as printed in GoodRx Holdings's own proxy. As printed: 23,367,483. Filing ↗machine: t109 · r2 · c16 · span 1286734–1286744
30Hims & Hers Health, Section 10b CEO totalDEF 14A2026-04-280001773751-26-000060CEO total compensation as printed in Hims & Hers Health's own proxy. As printed: 22,958,907. Filing ↗machine: r3 · c27 · span 587953–587963
31Sharecare, Section 10b CEO totalDEF 14A2024-04-290001193125-24-122870CEO total compensation as printed in Sharecare's own proxy. As printed: 18,191,307. Filing ↗machine: t71 · r3 · c31 · span 395805–395815
32NextGen Healthcare, Section 10b CEO totalDEF 14A2022-07-150001193125-22-193941CEO total compensation as printed in NextGen Healthcare's own proxy. As printed: 15,740,135. Filing ↗machine: r2 · c30 · span 426049–426059
33HealthEquity, Section 10b CEO totalDEF 14A2026-05-130001428336-26-000022CEO total compensation as printed in HealthEquity's own proxy. As printed: 13,582,105. Filing ↗machine: r3 · c21 · span 892475–892485
34NRC Health, Section 10b CEO totalDEF 14A2026-05-080001437749-26-015775CEO total compensation as printed in NRC Health's own proxy. As printed: 11,961,900. Filing ↗machine: t69 · r2 · c29 · span 454149–454159
35Yext, Section 10b CEO totalDEF 14A2026-04-270001628280-26-027491CEO total compensation as printed in Yext's own proxy. As printed: 8,693,973. Filing ↗machine: t15 · r2 · c19 · span 368568–368577
36Phreesia, Section 10b CEO totalDEF 14A2026-05-140001412408-26-000155CEO total compensation as printed in Phreesia's own proxy. As printed: 8,077,706. Filing ↗machine: span 634967–634976
37Progyny, Section 10b CEO totalDEF 14A2026-04-100001551306-26-000055CEO total compensation as printed in Progyny's own proxy. As printed: 7,220,612. Filing ↗machine: r2 · c48 · span 493966–493975
38Model N, Section 10b CEO totalDEF 14A2024-01-050001118417-24-000010CEO total compensation as printed in Model N's own proxy. As printed: 6,877,671. Filing ↗machine: span 545217–545226
39AppFolio, Section 10b CEO totalDEF 14A2026-04-280001433195-26-000031CEO total compensation as printed in AppFolio's own proxy. As printed: 5,438,904. Filing ↗machine: r3 · c51 · span 627702–627711
40American Well, Section 10b CEO totalDEF 14A2026-04-230001393584-26-000008CEO total compensation as printed in American Well's own proxy. As printed: 4,162,171. Filing ↗machine: r2 · c14 · span 771018–771028
41Health Catalyst, Section 10b CEO totalDEF 14A2026-06-030001636422-26-000075CEO total compensation as printed in Health Catalyst's own proxy. As printed: 3,991,159. Filing ↗machine: span 702084–702093
42Accolade (subject), Section 10b CEO totalDEF 14A2024-06-210001481646-24-000029CEO total compensation as printed in Accolade's own proxy. As printed: 3,823,597. Filing ↗machine: r2 · c42 · span 399607–399616
43HealthStream, Section 10b CEO totalDEF 14A2026-04-100001437749-26-012017CEO total compensation as printed in HealthStream's own proxy. As printed: 868,037. Filing ↗machine: t69 · r1 · c24 · span 501227–501234
44Section 10a, Progyny reciprocityDEF 14A0001551306-26-000055Progyny's most recent proxy was read; its disclosed peer group does not include Accolade. Filing ↗
45Section 10a, American Well reciprocityDEF 14A0001393584-26-000008American Well names Accolade in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Health Catalyst reciprocityDEF 14A0001636422-26-000075Health Catalyst names Accolade in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Phreesia reciprocityDEF 14A0001412408-26-000155Phreesia's most recent proxy was read; its disclosed peer group does not include Accolade. Filing ↗
48Section 10a, NextGen Healthcare reciprocityDEF 14A0001193125-22-193941NextGen Healthcare's most recent proxy was read; its disclosed peer group does not include Accolade. Filing ↗
49Section 10a, HealthEquity reciprocityDEF 14A0001428336-26-000022HealthEquity's most recent proxy was read; its disclosed peer group does not include Accolade. Filing ↗
50Section 10a, Model N reciprocityDEF 14A0001118417-24-000010Model N's most recent proxy was read; its disclosed peer group does not include Accolade. Filing ↗
51Section 10a, GoodRx Holdings reciprocityDEF 14A0001809519-26-000091GoodRx Holdings names Accolade in its own disclosed peer group (read from its most recent proxy). Filing ↗