CEO Gleb Budman was paid $2,674,004 in fiscal year 2025, ↑ up 21.2% from fiscal year 2024 (SEC filing 0001140361-26-014778 ↗): 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.
$2,674,004 ↑ Gleb Budman total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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BLZE's next annual pay disclosure, estimated April 16, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Gleb Budman | $550,000 | $0 | $2,113,504 | $0 | $0 | $0 | $10,500 | $2,674,004 |
| Chief Executive Officer and Chairperson | ||||||||
| Marc Suidan | 453,125 | 0 | 154,701 | 0 | 0 | 0 | 10,500 | 618,326 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Gleb Budman | $2,674,004 | $2,207,007 | — | ↑ +466,997 |
| Marc Suidan | 618,326 | 2,184,586 | — | ↓ −1,566,260 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2025 total |
|---|---|---|
| Gleb Budman | CEO | $2,674,004 |
| Marc Suidan | CFO | $618,326 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Barbara Nelson | Independent Director | $203,000 |
| Earl E. Fry | Independent Director | $205,000 |
| Evelyn D'An | Independent Director | $211,000 |
| Jocelyn Carter-Miller | Lead Independent Director | $226,000 |
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Marc Suidan | Chief Financial Officer | 2026-05-14 | D | 2,555 | $7 | $18,575 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-05-14 | D | 3,833 | 7 | 27,866 | Common | Form 4 ↗ |
| Marc Suidan | Chief Financial Officer | 2026-05-19 | A | 2,500 | 4 | 9,200 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-05-20 | D | 13,177 | 7 | 97,905 | Common | Form 4 ↗ |
| Marc Suidan | Chief Financial Officer | 2026-05-20 | D | 18,000 | 7 | 133,740 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-05-20 | D | 13,256 | 7 | 98,492 | Common | Form 4 ↗ |
| Marc Suidan | Chief Financial Officer | 2026-05-20 | D | 269 | 7 | 1,999 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-05-20 | D | 18,000 | 7 | 133,740 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-05-20 | D | 18,000 | 7 | 133,740 | Common | Form 4 ↗ |
| Miller Jocelyn Carter | Director | 2026-05-26 | A | 19,306 | 0 | 0 | Common | Form 4 ↗ |
| An Evelyn D | Director | 2026-05-26 | A | 19,306 | 0 | 0 | Common | Form 4 ↗ |
| Earl E. Fry | Director | 2026-05-26 | A | 19,306 | 0 | 0 | Common | Form 4 ↗ |
| Barbara Nelson | Director | 2026-05-26 | A | 19,306 | 0 | 0 | Common | Form 4 ↗ |
| Marc Suidan | Chief Financial Officer | 2026-08-20 | D | 11,083 | 16 | 179,988 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-08-20 | D | 11,083 | 16 | 179,988 | Common | Form 4 ↗ |
| Marc Suidan | Chief Financial Officer | 2026-08-21 | D | 2,110 | 16 | 33,380 | Common | Form 4 ↗ |
| Gleb Budman | Director | 2026-08-21 | D | 12,855 | 16 | 203,366 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Marc Suidan | RSU | — | — | — | — | — | $154,701 |
| Gleb Budman | RSU | — | — | — | — | — | 2,113,504 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Marc Suidan | $154,701 | $0 | $0 | 0.0% |
| Gleb Budman | 2,113,504 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Gleb Budman | RSU | 163,059 | — | $1,893,117 |
| Marc Suidan | RSU | 206,250 | — | 961,125 |
The base salaries of all of our named executive officers are reviewed at least annually and adjusted when our Compensation Committee (or Board) determines an adjustment is appropriate.
| CEO STI target (% of salary) | 75% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Compensia |
| Clawback policy | true |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-26 | — | — | — | — | — |
| 2025 | 2025-05-27 | — | — | — | — | — |
| 2024 | 2024-05-16 | — | — | — | — | — |
| 2023 | 2023-06-05 | — | — | — | — | — |
| 2022 | 2022-06-02 | — | — | — | — | — |
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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-26 | —a |
| 2025 | 2025-05-27 | —b |
| 2024 | 2024-05-16 | —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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jocelyn Carter-MillerIndependent · Lead Independent Director · Audit · Compensation (Chair) · Nominating and Corporate Governance | $76,000 | $150,000 | $0 | — | $0 | $226,000 |
| Evelyn D'AnIndependent · Audit (Chair) · Compensation | 61,000 | 150,000 | 0 | — | 0 | 211,000 |
| Earl E. FryIndependent · Audit · Compensation · Nominating and Corporate Governance | 55,000 | 150,000 | 0 | — | 0 | 205,000 |
| Barbara NelsonIndependent · Audit · Nominating and Corporate Governance (Chair) | 53,000 | 150,000 | 0 | — | 0 | 203,000 |
| Gleb BudmanEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $35,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 12,000 / 8,000 |
| Stock ownership guideline | 5x annual cash retainer |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $245,000 |
| Equity awards (grant-date value) | $600,000 |
| All other compensation | $0 |
| Total cost of the board | $845,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Backblaze | 2025 | Gleb Budman | $550,000 | $2,113,504 | $0 | $0 | $2,674,004 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Gleb Budman | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Summary Compensation Table”. As printed: 2,674,004. Filing ↗machine: t82 · r2 · c18 · span 335635–335644 |
| 2 | Section 01, Marc Suidan | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Summary Compensation Table”. As printed: 618,326. Filing ↗machine: t82 · r5 · c18 · span 345831–345838 |
| 3 | Section 03, Marc Suidan RSU | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t82 · r5 · c12 · span 344819–344826 |
| 4 | Section 03, Gleb Budman RSU | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t82 · r2 · c12 · span 334500–334509 |
| 5 | Section 07, pay ratio | 10-K | 2026-03-10 | 0001628280-26-016395 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 6 | Section 08, Jocelyn Carter-Miller | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Director Compensation”. As printed: 226,000. Filing ↗machine: t77 · r2 · c15 · span 285677–285860 |
| 7 | Section 08, Evelyn D'An | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Director Compensation”. As printed: 211,000. Filing ↗machine: t77 · r4 · c15 · span 291456–291682 |
| 8 | Section 08, Earl E. Fry | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t77 · r5 · c15 · span 294027–294209 |
| 9 | Section 08, Barbara Nelson | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Director Compensation”. As printed: 203,000. Filing ↗machine: t77 · r3 · c15 · span 288352–288535 |
| 10 | Section 08, Gleb Budman | DEF 14A | 2026-04-15 | 0001140361-26-014778 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 11 | Section 02, Marc Suidan 2026-05-14 | Form 4 | 2026-05-18 | 0001628280-26-035906 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 12 | Section 02, Gleb Budman 2026-05-14 | Form 4 | 2026-05-18 | 0001628280-26-035908 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 13 | Section 02, Marc Suidan 2026-05-19 | Form 4 | 2026-05-21 | 0001628280-26-037500 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 14 | Section 02, Gleb Budman 2026-05-20 | Form 4 | 2026-05-26 | 0001628280-26-038269 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 15 | Section 02, Marc Suidan 2026-05-20 | Form 4 | 2026-05-21 | 0001628280-26-037500 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, Gleb Budman 2026-05-20 | Form 4 | 2026-05-21 | 0001628280-26-037510 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Marc Suidan 2026-05-20 | Form 4 | 2026-05-21 | 0001628280-26-037500 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Gleb Budman 2026-05-20 | Form 4 | 2026-05-26 | 0001628280-26-038269 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Gleb Budman 2026-05-20 | Form 4 | 2026-05-21 | 0001628280-26-037510 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Miller Jocelyn Carter 2026-05-26 | Form 4 | 2026-06-01 | 0001628280-26-039495 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, An Evelyn D 2026-05-26 | Form 4 | 2026-06-01 | 0001628280-26-039493 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Earl E. Fry 2026-05-26 | Form 4 | 2026-06-01 | 0001628280-26-039494 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Barbara Nelson 2026-05-26 | Form 4 | 2026-06-01 | 0001628280-26-039496 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Marc Suidan 2026-08-20 | Form 4 | 2026-08-24 | 0001628280-26-058707 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Gleb Budman 2026-08-20 | Form 4 | 2026-08-24 | 0001628280-26-058708 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Marc Suidan 2026-08-21 | Form 4 | 2026-08-24 | 0001628280-26-058707 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Gleb Budman 2026-08-21 | Form 4 | 2026-08-24 | 0001628280-26-058708 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 06, 2026 vote | Form 8-K | 2026-05-27 | 0001628280-26-038272 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 29 | Section 06, 2025 vote | Form 8-K | 2025-06-02 | 0001628280-25-028814 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 30 | Section 06, 2024 vote | Form 8-K | 2024-05-20 | 0001628280-24-024333 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 31 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 32 | 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).machine: formula: sums + PSU ratio |
| 33 | Section 09b board cost (computed) | Computed | — | — | Cash 245,000 + equity 600,000 + all other 0 = 845,000, summed across the director compensation table rows.machine: formula: Σ = 845,000 |
| 34 | Backblaze (subject), Section 10b CEO total | DEF 14A | 2026-04-15 | 0001140361-26-014778 | CEO total compensation as printed in Backblaze's own proxy. As printed: 2,674,004. Filing ↗machine: t82 · r2 · c18 · span 335635–335644 |
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