Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-04-26

Enfusion (ENFN)

Fiscal year 2023 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.

$2,614,626
Neal Pawar total, FY2023
Chief Operating Officerhighest-paid officer; CEO Oleg Movchan: $1,455,190
CEO (Oleg Movchan) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against ENFN
10 companies name ENFN as a compensation peer

Each company listed discloses ENFN 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 ENFN 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 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Neal Pawar$44,320$0$2,570,306$0$0$0$0$2,614,626
Chief Operating Officer
Oleg Movchan650,0250370,401250,000180,60004,1641,455,190
Chief Executive Officer and Director
Bradley Herring450,0170532,7730124,100001,106,890
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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Neal Pawar$2,614,626
Oleg Movchan1,455,1901,657,048−201,858
Bradley Herring1,106,8901,793,045−686,155

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 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Neal PawarOTHER$2,570,306
Bradley HerringOTHER532,773
Oleg MovchanOTHER370,401
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Neal PawarPSU580,000$5,626,000
Bradley HerringPSU175,0001,697,500
Bradley HerringPSU40,688394,674
Oleg MovchanPSU250,0002,425,000
Oleg MovchanOption011.06
Oleg MovchanPSU22,604219,259
Neal PawarPSU425,0004,122,500
05

Incentive-plan design — the Compensation Discussion & Analysis

We target a general competitive position, based on independent third-party benchmark analytics to inform the mix of compensation of base salary, annual bonus opportunity and/or long-term incentive opportunities.

CEO STI target (% of salary)62%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael SpellacyIndependent · Board Chair · Audit$185,914$472,290$0$0$0$658,204
Deirdre SomersIndependent · Audit · Nominating/Governance50,329412,542000462,871
Jan R. HauserIndependent · Audit (Chair) · Compensation66,499168,172000234,671
Kathleen Traynor DeRoseIndependent · Compensation (Chair) · Nominating/Governance60,000168,172000228,172
Lawrence LeibowitzIndependent · Audit · Nominating/Governance (Chair)60,000168,172000228,172
Bradford E. BernsteinIndependent · Compensation000000
Oleg MovchanEmployee director00000
Roy LuoIndependent · Compensation · Nominating/Governance000000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$125,000
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

ComponentFY2023
Cash retainers and fees$422,742
Equity awards (grant-date value)$1,389,348
All other compensation$0
Total cost of the board$1,812,090

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

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
1Enfusion2023Oleg Movchan$650,025$370,401$250,000$180,600$1,455,190

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.

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, Neal PawarDEF 14A2024-04-260001558370-24-005911Section “Summary Compensation Table”. As printed: 2,614,626. Filing ↗machine: t60 · r8 · c23 · span 330238–330247
2Section 01, Oleg MovchanDEF 14A2024-04-260001558370-24-005911Section “Summary Compensation Table”. As printed: 1,455,190. Filing ↗machine: t60 · r4 · c23 · span 305739–305748
3Section 01, Bradley HerringDEF 14A2024-04-260001558370-24-005911Section “Summary Compensation Table”. As printed: 1,106,890. Filing ↗machine: t60 · r6 · c23 · span 317900–317909
4Section 03, Neal Pawar OTHERDEF 14A2024-04-260001558370-24-005911Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t60 · r8 · c11 · span 326941–326950
5Section 03, Bradley Herring OTHERDEF 14A2024-04-260001558370-24-005911Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t60 · r6 · c11 · span 314894–314901
6Section 03, Oleg Movchan OTHERDEF 14A2024-04-260001558370-24-005911Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t60 · r4 · c11 · span 302629–302636
7Section 08, Michael SpellacyDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 658,204. Filing ↗machine: t81 · r4 · c9 · span 562870–562877
8Section 08, Deirdre SomersDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 462,871. Filing ↗machine: t81 · r10 · c9 · span 577275–577282
9Section 08, Jan R. HauserDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 234,671. Filing ↗machine: t81 · r7 · c9 · span 569988–569995
10Section 08, Kathleen Traynor DeRoseDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 228,172. Filing ↗machine: t81 · r6 · c9 · span 567731–567738
11Section 08, Lawrence LeibowitzDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 228,172. Filing ↗machine: t81 · r8 · c9 · span 572437–572444
12Section 08, Bradford E. BernsteinDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Oleg MovchanDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Roy LuoDEF 14A2024-04-260001558370-24-005911Section “Director Compensation”. As printed: 0. Filing ↗
15Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
16Section 09b board cost (computed)ComputedcomputedCash 422,742 + equity 1,389,348 + all other 0 = 1,812,090, summed across the director compensation table rows.machine: formula: Σ = 1,812,090
17Enfusion (subject), Section 10b CEO totalDEF 14A2024-04-260001558370-24-005911CEO total compensation as printed in Enfusion's own proxy. As printed: 1,455,190. Filing ↗machine: t60 · r4 · c23 · span 305739–305748