Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-04-29

Envestnet (ENV)

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.

$4,880,843
William Crager total, FY2023
1st
CEO pay percentile vs peers
69:1
CEO-to-median pay ratio
95.32%
Say-on-pay support, latest vote
Companies that benchmark against ENV
16 companies name ENV as a compensation peer

Each company listed discloses ENV 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 ENV 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
William Crager$650,000$581,100$3,520,568$0$0$0$129,175$4,880,843
Chief Executive Officer
Peter D'Arrigo450,000450,0001,280,11600025,1262,205,242
Former Chief Financial Officer
Shelly O'Brien391,6670480,0220320,000022,7161,214,405
Chief Legal Officer, General Counsel and Corporate Secretary
Joshua Warren106,250594,31500000700,565
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
William Crager$4,880,843
Peter D'Arrigo2,205,242
Shelly O'Brien1,214,405
Joshua Warren700,565

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
Shelly O BrienOPTION2023-02-285,456$252,681
William CragerOPTION2023-02-2840,0111,853,176
Peter D ArrigoOPTION2023-02-289,699606,284
Peter D ArrigoOPTION2023-02-2814,549673,838
Shelly O BrienOPTION2023-02-283,637227,349
William CragerOPTION2023-02-2826,6741,667,392
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Shelly O Brien$0$0$480,0300.0%
William Crager003,520,5680.0%
Peter D Arrigo001,280,1220.0%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter D'ArrigoRSU3,850$190,652
Shelly O'BrienRSU3,637180,104
William CragerRSU2,846140,934
Shelly O'BrienRSU1,81990,077
Shelly O'BrienRSU1,66782,550
Shelly O'BrienRSU43321,442
William CragerRSU34,1441,690,811
William CragerRSU26,6741,320,896
William CragerRSU36,7551,820,108
William CragerRSU15,316758,448
Peter D'ArrigoRSU12,804634,054
Peter D'ArrigoRSU5,570275,826
William CragerRSU13,337660,448
Peter D'ArrigoRSU4,850240,172
Shelly O'BrienRSU2,090103,497
Peter D'ArrigoRSU1,06852,887
Peter D'ArrigoRSU9,699480,294
Shelly O'BrienRSU5,012248,194
Peter D'ArrigoRSU13,365661,835
Shelly O'BrienRSU5,193257,157
Peter D'ArrigoRSU4,849240,122
Shelly O'BrienRSU1,81890,027
05

Incentive-plan design — the Compensation Discussion & Analysis

We provide employees with competitive, performance-based compensation that encourages the achievement of results that create long-term shareholder value. Our total rewards practices are aligned with the market, consistent with our risk profile and reflective of our solid governance practices.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantWillis Towers Watson US LLC
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-06-1545,280,3952,204,08217,45095.32%Passed
20222022-05-1848,053,728799,96223,56398.32%Passed
20212021-05-1244,100,0451,262,22355,61397.1%Passed
20202020-05-1343,765,5361,072,12854,13997.49%Passed
20192019-05-1638,464,580926,19347,49897.65%Passed
20182018-05-1037,360,624914,36679,78997.61%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20232023-06-1595.32%a
20222022-05-1898.32%b
20212021-05-1297.1%c

a. Approved under the standard stated in the filing — “For purposes of Proposal 2, abstentions will have the effect of a vote "against" the proposal and broker non-votes will have no effect on the results of the advisory vote.”.

b. Approved under the standard stated in the filing — “Abstentions will be considered present and voting and will have the effect of a vote against a proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will be considered present and voting and will have the effect of a vote against a proposal.”.

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)69 : 1
CEO total compensation$4,880,843
Median employee compensation$70,987
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James L. FoxEmployee director · Board Chair · Nominating and Governance$88,250$279,750$0$0$368,000
Gregory SmithIndependent · Audit (Chair) · Compensation67,000216,000000283,000
Gayle CrowellIndependent · Compensation (Chair) · Compliance and Information Security (Chair)62,750203,250000266,000
Luis AguilarIndependent · Nominating and Governance (Chair) · Compliance and Information Security60,000195,000000255,000
Valerie MosleyIndependent · Compliance and Information Security · Nominating and Governance57,250186,750000244,000
Barbara TurnerIndependent · Audit · Compensation · Compliance and Information Security56,750185,250000242,000
Lauren Taylor WolfeIndependent · Audit54,000177,000000231,000
Wendy LaneIndependent · Nominating and Governance · Not standing for re-election53,750176,250000230,000
Ross ChapinIndependent · Audit · Compensation · Departed during FY131,0000000131,000
William CragerEmployee director · Strategy · Not standing for re-election · Departed during FY00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$165,000
Per board meeting fee$5,000
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$300,000
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$630,750
Equity awards (grant-date value)$1,619,250
All other compensation$0
Total cost of the board$2,250,000

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

10

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.

10a

Peer reciprocity

Of the companies Envestnet 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 Envestnet.

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
1Fair Isaac Corporation2025William Lansing$750,000$34,091,860$0$1,100,000$36,045,267
2MSCI Inc.2025Henry A. Fernandez1,000,0004,380,02425,220,3041,346,95033,320,590
3SS&C Technologies, Inc.2025William Stone1,000,00011,979,2593,750,0098,270,00025,007,664
4New Relic, Inc.2023William Staples585,00022,261,1240367,08823,214,892
5Nutanix, Inc.2025Rajiv Ramaswami800,00020,750,88501,015,20022,569,085
6ACI Worldwide, Inc.2025Thomas Warsop III750,00013,204,02701,018,87514,999,961
7LPL Financial Holdings, Inc.2025Richard Steinmeier900,00010,045,54203,591,00014,574,496
8Guidewire Software, Inc.2025Mike Rosenbaum750,00012,280,2030975,00014,012,061
9SEI Investments Company2025Ryan Hicke850,0002,150,0326,599,9422,200,00011,819,204
10Verint Systems, Inc.2025Dan Bodner807,7759,371,5280532,14210,825,132
11FactSet Research Systems Inc.2025F. Philip Snow775,0003,750,1623,750,0931,171,3769,460,930
12Morningstar, Inc.2025Kunal Kapoor650,0006,251,74302,150,5779,070,695
13Informatica, Inc.2024Amit Walia1,000,0006,712,1600891,8008,611,892
14MarketAxess Holdings Inc.2025Christopher Concannon750,0003,599,8811,208,6461,525,0007,101,027
15Blackbaud, Inc.2025Michael Gianoni800,0315,206,285006,022,250
16AssetMark Financial Holdings, Inc.2023Michael Kim513,9421,547,5722,324,921925,0005,374,907
17Envestnet2023William Crager650,0003,520,568004,880,843
Avantax, 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Envestnet100%PSU 50 · RSU 50Yes — Relative TSR vs. Russell 2000 Index constituentsWillis Towers Watson US LLC
ACI Worldwide, Inc.135.85%PSU 65 · RSU 35NoCompensia, Inc.
AssetMark Financial Holdings, Inc.not disclosednot disclosednot disclosedMercer LLC
Avantax, Inc.not disclosednot disclosednot disclosednot disclosed
Blackbaud, Inc.102.3%PRSU 75 · RSA 25NoCompensia, Inc.
FactSet Research Systems Inc.101%Options 50 · PSU 50NoMeridian Compensation Partners
Fair Isaac Corporation147%PSU 33 · RSU 33 · Other 33NoCompensia, Inc.
Guidewire Software, Inc.130%PSU 50 · RSU 50NoSemler Brossy
Informatica, Inc.48.7%RSU 50 · PSU 50NoCompensia
LPL Financial Holdings, Inc.133%PSU 70 · RSU 30Yes — TSR relative to Comparator GroupCompensation Consultant
MarketAxess Holdings Inc.86%PSU 50 · RSU 25 · Options 25NoFW Cook
Morningstar, Inc.111.4%MSU 75 · RSU 25NoPay Governance LLC
MSCI Inc.96.21%PSO 70 · PSU 30Yes — Absolute TSR CAGRSemler Brossy
New Relic, Inc.62.8%RSU 50 · PSU 50NoCompensia
Nutanix, Inc.126.9%RSU 50 · PSU 50Yes — Relative TSR vs Nasdaq Composite IndexCompensia
SEI Investments Company110%not disclosednot disclosedSemler Brossy Consulting Group, LLC
SS&C Technologies, Inc.165.4%PSU 50 · Options 25 · RSU 25Yes — Relative TSR ModifierFW Cook
Verint Systems, Inc.65%PSU 60 · RSU 40Yes — Relative TSRWillis Towers Watson

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, William CragerDEF 14A2024-04-050001104659-24-044267Section “2023 SUMMARY COMPENSATION TABLE” · page 47. As printed: 4,880,843. Filing ↗machine: r1 · c48 · span 863945–863954
2Section 01, Peter D'ArrigoDEF 14A2024-04-050001104659-24-044267Section “2023 SUMMARY COMPENSATION TABLE” · page 47. As printed: 2,205,242. Filing ↗machine: t44 · r10 · c48 · span 910514–910523
3Section 01, Shelly O'BrienDEF 14A2024-04-050001104659-24-044267Section “2023 SUMMARY COMPENSATION TABLE” · page 47. As printed: 1,214,405. Filing ↗machine: t44 · r7 · c48 · span 895323–895332
4Section 01, Joshua WarrenDEF 14A2024-04-050001104659-24-044267Section “2023 SUMMARY COMPENSATION TABLE” · page 47. As printed: 700,565. Filing ↗machine: r4 · c48 · span 879058–879065
5Section 03, Shelly O Brien OPTIONDEF 14A2024-04-050001104659-24-044267Section “2023 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t45 · r6 · c60 · span 972346–972353
6Section 03, William Crager OPTIONDEF 14A2024-04-050001104659-24-044267Section “2023 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t45 · r2 · c60 · span 947531–947540
7Section 03, Peter D Arrigo OPTIONDEF 14A2024-04-050001104659-24-044267Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t45 · r9 · c60 · span 993528–993535
8Section 03, Peter D Arrigo OPTIONDEF 14A2024-04-050001104659-24-044267Section “2023 GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t45 · r8 · c60 · span 984715–984722
9Section 03, Shelly O Brien OPTIONDEF 14A2024-04-050001104659-24-044267Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t45 · r7 · c60 · span 977907–977914
10Section 03, William Crager OPTIONDEF 14A2024-04-050001104659-24-044267Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t37 · r1 · c12 · span 718856–718862
11Section 07, pay ratioDEF 14A0001104659-24-044267Section “CEO Pay Ratio”. As printed: 69 : 1.machine: span 1324262–1324269
12Section 08, James L. FoxDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 368,000. Filing ↗machine: t22 · r4 · c18 · span 427509–427516
13Section 08, Gregory SmithDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 283,000. Filing ↗machine: t22 · r7 · c18 · span 434133–434140
14Section 08, Gayle CrowellDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 266,000. Filing ↗machine: t22 · r3 · c18 · span 425086–425093
15Section 08, Luis AguilarDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 255,000. Filing ↗machine: t22 · r1 · c18 · span 420466–420473
16Section 08, Valerie MosleyDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 244,000. Filing ↗machine: t22 · r6 · c18 · span 432032–432039
17Section 08, Barbara TurnerDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 242,000. Filing ↗machine: t22 · r9 · c18 · span 439297–439304
18Section 08, Lauren Taylor WolfeDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 231,000. Filing ↗machine: t22 · r8 · c18 · span 436563–436570
19Section 08, Wendy LaneDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 230,000. Filing ↗machine: t22 · r5 · c18 · span 429607–429614
20Section 08, Ross ChapinDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 131,000. Filing ↗machine: t22 · r2 · c6 · span 421755–421762
21Section 08, William CragerDEF 14A2024-04-050001104659-24-044267Section “Director Compensation”. As printed: 0. Filing ↗
22Section 06, 2023 voteForm 8-K2023-06-200001628280-23-022565Item 5.07 · say-on-pay result. As reported: 95.32% (votes for as printed: 45,280,395). Filing ↗
23Section 06, 2022 voteForm 8-K2022-05-200001337619-22-000006Item 5.07 · say-on-pay result. As reported: 98.32% (votes for as printed: 48,053,728). Filing ↗machine: span 3083–3093
24Section 06, 2021 voteForm 8-K2021-05-130001193125-21-160626Item 5.07 · say-on-pay result. As reported: 97.1%. Filing ↗
25Section 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
26Section 09b board cost (computed)ComputedcomputedCash 630,750 + equity 1,619,250 + all other 0 = 2,250,000, summed across the director compensation table rows.machine: formula: Σ = 2,250,000
27Fair Isaac Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-024403CEO total compensation as printed in Fair Isaac Corporation's own proxy. As printed: 36,045,267. Filing ↗machine: r3 · c35 · span 1413656–1413666
28MSCI Inc., Section 10b CEO totalDEF 14A2026-03-110001408198-26-000023CEO total compensation as printed in MSCI Inc.'s own proxy. As printed: 33,320,590. Filing ↗machine: r2 · c24 · span 1659848–1659858
29SS&C Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-080001193125-26-147619CEO total compensation as printed in SS&C Technologies, Inc.'s own proxy. As printed: 25,007,664. Filing ↗machine: span 1469201–1469211
30New Relic, Inc., Section 10b CEO totalDEF 14A2023-06-300001448056-23-000042CEO total compensation as printed in New Relic, Inc.'s own proxy. As printed: 23,214,892. Filing ↗machine: r2 · c48 · span 718611–718621
31Nutanix, Inc., Section 10b CEO totalDEF 14A2025-10-220001193125-25-246962CEO total compensation as printed in Nutanix, Inc.'s own proxy. As printed: 22,569,085. Filing ↗machine: r4 · c28 · span 1819325–1819335
32ACI Worldwide, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-162572CEO total compensation as printed in ACI Worldwide, Inc.'s own proxy. As printed: 14,999,961. Filing ↗machine: t151 · r6 · c34 · span 887084–887094
33LPL Financial Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140066CEO total compensation as printed in LPL Financial Holdings, Inc.'s own proxy. As printed: 14,574,496. Filing ↗machine: t313 · r3 · c29 · span 1887460–1887470
34Guidewire Software, Inc., Section 10b CEO totalDEF 14A2025-10-300001528396-25-000233CEO total compensation as printed in Guidewire Software, Inc.'s own proxy. As printed: 14,012,061. Filing ↗machine: r3 · c21 · span 777771–777781
35SEI Investments Company, Section 10b CEO totalDEF 14A2026-04-150000350894-26-000021CEO total compensation as printed in SEI Investments Company's own proxy. As printed: 11,819,204. Filing ↗machine: r2 · c7 · span 1080241–1080251
36Verint Systems, Inc., Section 10b CEO totalDEF 14A2025-05-080001166388-25-000085CEO total compensation as printed in Verint Systems, Inc.'s own proxy. As printed: 10,825,132. Filing ↗machine: t40 · r3 · c16 · span 735065–735075
37FactSet Research Systems Inc., Section 10b CEO totalDEF 14A2025-10-270001628280-25-046442CEO total compensation as printed in FactSet Research Systems Inc.'s own proxy. As printed: 9,460,930. Filing ↗machine: span 790783–790792
38Morningstar, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-129081CEO total compensation as printed in Morningstar, Inc.'s own proxy. As printed: 9,070,695. Filing ↗machine: span 881694–881703
39Informatica, Inc., Section 10b CEO totalDEF 14A2025-04-280001628280-25-020261CEO total compensation as printed in Informatica, Inc.'s own proxy. As printed: 8,611,892. Filing ↗machine: span 611068–611077
40MarketAxess Holdings Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191601CEO total compensation as printed in MarketAxess Holdings Inc.'s own proxy. As printed: 7,101,027. Filing ↗machine: t49 · r4 · c22 · span 1439393–1439402
41Blackbaud, Inc., Section 10b CEO totalDEF 14A2026-04-210001280058-26-000009CEO total compensation as printed in Blackbaud, Inc.'s own proxy. As printed: 6,022,250. Filing ↗machine: t43 · r2 · c18 · span 234129–234138
42AssetMark Financial Holdings, Inc., Section 10b CEO totalDEF 14A2024-04-090001591587-24-000011CEO total compensation as printed in AssetMark Financial Holdings, Inc.'s own proxy. As printed: 5,374,907. Filing ↗machine: r2 · c24 · span 357663–357672
43Envestnet (subject), Section 10b CEO totalDEF 14A2024-04-050001104659-24-044267CEO total compensation as printed in Envestnet's own proxy. As printed: 4,880,843. Filing ↗machine: r1 · c48 · span 863945–863954
44Section 10a, Guidewire Software, Inc. reciprocityDEF 14A0001528396-25-000233Guidewire Software, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
45Section 10a, New Relic, Inc. reciprocityDEF 14A0001448056-23-000042New Relic, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
46Section 10a, SS&C Technologies, Inc. reciprocityDEF 14A0001193125-26-147619SS&C Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
47Section 10a, LPL Financial Holdings, Inc. reciprocityDEF 14A0001193125-26-140066LPL Financial Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
48Section 10a, MarketAxess Holdings Inc. reciprocityDEF 14A0001193125-26-191601MarketAxess Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
49Section 10a, Informatica, Inc. reciprocityDEF 14A0001628280-25-020261Informatica, Inc. names Envestnet in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, MSCI Inc. reciprocityDEF 14A0001408198-26-000023MSCI Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
51Section 10a, Blackbaud, Inc. reciprocityDEF 14A0001280058-26-000009Blackbaud, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗
52Section 10a, Verint Systems, Inc. reciprocityDEF 14A0001166388-25-000085Verint Systems, Inc. names Envestnet in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, Nutanix, Inc. reciprocityDEF 14A0001193125-25-246962Nutanix, Inc.'s most recent proxy was read; its disclosed peer group does not include Envestnet. Filing ↗