Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-14

ALKAMI TECHNOLOGY, INC. (ALKM)

CEO Alex Shootman was paid $7,492,018 in fiscal year 2025, down 3.7% from fiscal year 2024, the 27th percentile of its disclosed peer group (SEC filing 0001529274-26-000023 ↗): 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.

$7,653,024
W Hill total, FY2025
Former Chief Financial Officer — highest-paid officer; CEO Alex Shootman: $7,492,018
27th
CEO (Alex Shootman) pay percentile vs peers
39:1
CEO-to-median pay ratio
—
Say-on-pay support, latest vote

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Companies that benchmark against ALKM
1 company names ALKM as a compensation peer

Each company listed discloses ALKM 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 ALKM 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
W Hill$497,536$0$6,668,933$0$0$0$486,555$7,653,024
Former Chief Financial Officer
Alex Shootman558,48006,222,6750699,775011,0887,492,018
Chief Executive Officer
Cassandra Hudson77,56725,0006,261,386067,24401,2856,432,482
Chief Financial Officer
Douglas Linebarger416,41601,817,3020260,88503,3602,497,963
Chief Legal 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
W Hill$7,653,024$4,908,120$5,028,940+2,744,904
Alex Shootman7,492,0187,781,7114,306,036−289,693
Cassandra Hudson6,432,482———
Douglas Linebarger2,497,9632,241,828—+256,135

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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
W HillRSU2025-02-20——114,188—$3,634,604
W HillRSU2025-10-31——149,548—3,034,329
Alex ShootmanRSU2025-02-21——199,829—6,222,675
Alex ShootmanRSU2025-11-29——293,686—6,261,386
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
W Hill$6,668,933$0$00.0%
Alex Shootman12,484,061000.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Cassandra HudsonRSU293,686—$6,775,336
Alex ShootmanRSU162,362—3,745,691
Alex ShootmanRSU145,328—3,352,717
W HillRSU92,780—2,140,435
W HillRSU89,428—2,063,104
Alex ShootmanRSU62,500—1,441,875
Douglas LinebargerRSU46,390—1,070,217
Douglas LinebargerRSU39,043—900,722
Douglas LinebargerRSU35,772—825,260
W HillRSU20,820—480,317
W HillRSU11,280—260,230
Douglas LinebargerRSU4,555—105,084
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee believes that the executive compensation program should reward actions and behaviors that drive stockholder value creation by focusing heavily on variable, performance-based incentives that create a balanced focus on short-term and long-term financial, operational, and strategic goals. The program aims to provide competitive target total direct compensation while emphasizing a pay-for-performance culture and aligning executives with long-term stockholder interests through equity compensation.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
07

CEO pay ratio

Ratio (CEO : median employee)39 : 1
CEO total compensation—
Median employee compensation$193,643
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Joseph P. PayneIndependent · Compensation Committee · Information Systems Audit Committee$28,586$398,053———$426,639
Susanna MorganIndependent · Audit Committee17,634330,591———348,225
Brian R. SmithIndependent · Board Chair · Compensation Committee · Nominating and Corporate Governance Committee (Chair)78,881222,491———301,372
Charles KaneIndependent · Audit Committee (Chair)50,000222,458———272,458
Raphael OsnossIndependent · Compensation Committee (Chair) · Nominating and Corporate Governance Committee50,000222,458———272,458
Barbara YastineIndependent · Audit Committee · Information Systems Audit Committee43,750222,458———266,208
Maria AlvarezIndependent · Information Systems Audit Committee (Chair)42,190222,475———264,665
Steven MitchellIndependent · Nominating and Corporate Governance Committee35,000222,501———257,501
Gary NelsonIndependent · Departed during FY13,75027———13,777
Todd ClarkIndependent · Departed during FY11,25019———11,269
Alex ShootmanEmployee director—————0
Judson LinvilleNewly elected——————
Jeffrey FoxNewly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$30,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$371,041
Equity awards (grant-date value)$2,063,531
All other compensation$0
Total cost of the board$2,434,572

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

10

Disclosed peer group — fiscal year 2025

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 ALKAMI TECHNOLOGY, INC. 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 ALKAMI TECHNOLOGY, INC..

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
1JFrog2025Shlomi Ben Haim$620,833$15,200,831$0$913,581$16,808,937
2Workiva2025Julie Iskow625,00014,000,0310937,50015,640,220
3PagerDuty2026Jennifer Tejada600,00014,219,7660347,76015,268,028
4MeridianLink2024Nicolaas Vlok600,00012,296,4530471,29113,371,744
5nCino2026Sean Desmond500,0008,083,3560486,1109,089,558
6Flywire2025Michael Massaro450,0007,732,0550610,0008,803,495
7Zuora2024Tien Tzuo500,0007,950,0000337,5008,787,500
8Yext2026Michael Walrath482,3087,675,0000503,6088,693,973
9Repay2025John Morris500,0007,293,0000340,0008,143,500
10Phreesia2026Chaim Indig515,0007,562,706008,077,706
11AvidXchange2024Michael Praeger520,1924,836,1082,099,998231,5257,701,587
12ALKAMI TECHNOLOGY, INC.2025Alex Shootman558,4806,222,6750699,7757,492,018
13A10 Networks2025Dhrupad Trivedi697,9175,211,97301,056,8006,974,141
14Certara2025William Feehery795,6754,927,5020747,9356,491,387
15BigCommerce2025Travis Hess490,4311,990,278691,995241,2263,425,945
16Enfusion2023Oleg Movchan650,025370,401250,000180,6001,455,190

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
ALKAMI TECHNOLOGY, INC.not disclosedRSU 100not disclosedFW Cook
A10 Networksnot disclosedPSU 50 · RSU 50NoRadford-AON
AvidXchange44.1%RSU 70 · Option 30not disclosedCompensia, Inc.
BigCommerce49%not disclosedYes — Relative TSRAon-Radford
Certara94%PSU 60 · RSU 40Yes — annualized total stockholder return (ATSR)Meridian Compensation Partners
Enfusion75.3%not disclosedNoMeridian Compensation Partners
Flywire122%RSU 100not disclosedClearBridge Compensation Group LLC
JFrog147.2%RSU 58 · PSU 42Yes — Relative Total Shareholder Return (rTSR)Compensia
MeridianLink92.4%not disclosedNoCompensia and Korn Ferry
nCino97.2%RSU 100not disclosedAon Human Capital Solutions
PagerDuty58.0%PSU 50 · RSU 50NoCompensia, Inc.
Phreesia140.3%PSU 50 · RSU 50Yes — Relative TSRFW Cook, Inc.
Repaynot disclosedRSU 50 · PSU 50Yes — relative TSRFrederic W. Cook & Co., Inc.
Workiva120%RSU 70 · PSU 30NoAlpine Rewards LLC
Yext102.83%RSU 50 · PSU 50NoCompensia
Zuora67.5%not disclosedNoCompensia

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at ALKAMI TECHNOLOGY, INC. in fiscal 2025?
As disclosed, W Hill, the Former Chief Financial Officer, was the highest-paid executive at ALKAMI TECHNOLOGY, INC. in fiscal 2025 with total compensation of $7,653,024.
How does ALKAMI TECHNOLOGY, INC.'s chief executive pay compare to its disclosed peer group?
The filing shows that Alex Shootman's pay ranked at the 27th percentile of the disclosed peer group.
What is ALKAMI TECHNOLOGY, INC.'s CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 39:1.
How did shareholders vote on ALKAMI TECHNOLOGY, INC.'s executive compensation?
The support level for the latest say-on-pay vote is not disclosed in this filing.
How much does ALKAMI TECHNOLOGY, INC. spend in total on board compensation for fiscal 2025?
The company reported total board compensation of $2,434,572 for fiscal 2025.

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.

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, W HillDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation”. As printed: 7,653,024. Filing ↗machine: span 390436–390445
2Section 01, Alex ShootmanDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation”. As printed: 7,492,018. Filing ↗machine: r2 · c42 · span 376155–376164
3Section 01, Cassandra HudsonDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation”. As printed: 6,432,482. Filing ↗machine: span 383135–383144
4Section 01, Douglas LinebargerDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation”. As printed: 2,497,963. Filing ↗machine: r6 · c42 · span 385716–385725
5Section 03, W Hill RSUDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
6Section 03, W Hill RSUDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Alex Shootman RSUDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 406986–406995
8Section 03, Alex Shootman RSUDEF 14A2026-04-070001529274-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 409985–409994
9Section 07, pay ratioDEF 14A2026-04-070001529274-26-000023Section “CEO Pay Ratio”. As printed: 39 : 1. Filing ↗
10Section 08, Joseph P. PayneDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 426,639. Filing ↗machine: span 612235–612462
11Section 08, Susanna MorganDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 348,225. Filing ↗machine: span 608460–608687
12Section 08, Brian R. SmithDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 301,372. Filing ↗machine: span 613371–613598
13Section 08, Charles KaneDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 272,458. Filing ↗machine: span 605998–606225
14Section 08, Raphael OsnossDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 272,458. Filing ↗machine: span 610912–611139
15Section 08, Barbara YastineDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 266,208. Filing ↗machine: span 614508–614735
16Section 08, Maria AlvarezDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 264,665. Filing ↗machine: span 603523–603776
17Section 08, Steven MitchellDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 257,501. Filing ↗machine: span 607135–607362
18Section 08, Gary NelsonDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 13,777. Filing ↗machine: span 609777–610003
19Section 08, Todd ClarkDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 11,269. Filing ↗machine: span 604865–605091
20Section 08, Alex ShootmanDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Judson LinvilleDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: —. Filing ↗
22Section 08, Jeffrey FoxDEF 14A2026-04-070001529274-26-000023Section “Director Compensation”. As printed: —. Filing ↗
23Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 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).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)Computed——Cash 371,041 + equity 2,063,531 + all other 0 = 2,434,572, summed across the director compensation table rows.machine: formula: Σ = 2,434,572
26JFrog, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145562CEO total compensation as printed in JFrog's own proxy. As printed: 16,808,937. Filing ↗machine: t179 · r3 · c21 · span 1986840–1986850
27Workiva, Section 10b CEO totalDEF 14A2026-04-170001445305-26-000030CEO total compensation as printed in Workiva's own proxy. As printed: 15,640,220. Filing ↗machine: span 1433486–1433496
28PagerDuty, Section 10b CEO totalDEF 14A2026-05-040001568100-26-000020CEO total compensation as printed in PagerDuty's own proxy. As printed: 15,268,028. Filing ↗machine: r4 · c45 · span 603528–603538
29MeridianLink, Section 10b CEO totalDEF 14A2025-04-230001834494-25-000034CEO total compensation as printed in MeridianLink's own proxy. As printed: 13,371,744. Filing ↗machine: r2 · c24 · span 261929–261939
30nCino, Section 10b CEO totalDEF 14A2026-05-080001193125-26-214613CEO total compensation as printed in nCino's own proxy. As printed: 9,089,558. Filing ↗machine: t137 · r2 · c34 · span 465103–465112
31Flywire, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173788CEO total compensation as printed in Flywire's own proxy. As printed: 8,803,495. Filing ↗machine: span 529916–529925
32Zuora, Section 10b CEO totalDEF 14A2024-05-160001423774-24-000146CEO total compensation as printed in Zuora's own proxy. As printed: 8,787,500. Filing ↗machine: r2 · c42 · span 699493–699502
33Yext, 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
34Repay, Section 10b CEO totalDEF 14A2026-05-110001193125-26-215760CEO total compensation as printed in Repay's own proxy. As printed: 8,143,500. Filing ↗machine: r4 · c35 · span 1897314–1897323
35Phreesia, 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
36AvidXchange, Section 10b CEO totalDEF 14A2025-04-300001193125-25-107131CEO total compensation as printed in AvidXchange's own proxy. As printed: 7,701,587. Filing ↗machine: r2 · c69 · span 488054–488064
37ALKAMI TECHNOLOGY, INC. (subject), Section 10b CEO totalDEF 14A2026-04-070001529274-26-000023CEO total compensation as printed in ALKAMI TECHNOLOGY, INC.'s own proxy. As printed: 7,492,018. Filing ↗machine: r2 · c42 · span 376155–376164
38A10 Networks, Section 10b CEO totalDEF 14A2026-03-100001140361-26-008793CEO total compensation as printed in A10 Networks's own proxy. As printed: 6,974,141. Filing ↗machine: r2 · c21 · span 490057–490066
39Certara, Section 10b CEO totalDEF 14A2026-04-030001104659-26-039372CEO total compensation as printed in Certara's own proxy. As printed: 6,491,387. Filing ↗machine: r1 · c42 · span 883232–883241
40BigCommerce, Section 10b CEO totalDEF 14A2026-04-010001193125-26-135670CEO total compensation as printed in BigCommerce's own proxy. As printed: 3,425,945. Filing ↗machine: r2 · c16 · span 904368–904377
41Enfusion, Section 10b CEO totalDEF 14A2024-04-260001558370-24-005911CEO total compensation as printed in Enfusion's own proxy. As printed: 1,455,190. Filing ↗
42Section 10a, A10 Networks reciprocityDEF 14A—0001140361-26-008793A10 Networks's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
43Section 10a, Repay reciprocityDEF 14A—0001193125-26-215760Repay's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
44Section 10a, Certara reciprocityDEF 14A—0001104659-26-039372Certara's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
45Section 10a, Zuora reciprocityDEF 14A—0001423774-24-000146Zuora's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
46Section 10a, nCino reciprocityDEF 14A—0001193125-26-214613nCino's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
47Section 10a, AvidXchange reciprocityDEF 14A—0001193125-25-107131AvidXchange's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
48Section 10a, Flywire reciprocityDEF 14A—0001193125-26-173788Flywire's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
49Section 10a, BigCommerce reciprocityDEF 14A—0001193125-26-135670BigCommerce's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
50Section 10a, PagerDuty reciprocityDEF 14A—0001568100-26-000020PagerDuty's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
51Section 10a, JFrog reciprocityDEF 14A—0001193125-26-145562JFrog's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗
52Section 10a, Phreesia reciprocityDEF 14A—0001412408-26-000155Phreesia's most recent proxy was read; its disclosed peer group does not include ALKAMI TECHNOLOGY, INC.. Filing ↗

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