Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-24

E2open Parent Holdings (ETWO)

Fiscal year 2025 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.

$5,586,778
Rachit Lohani total, FY2025
Chief Product and Technology Officerhighest-paid officer; CEO Andrew Appel: $2,520,013
8th
CEO (Andrew Appel) pay percentile vs peers
70:1
CEO-to-median pay ratio
62.26%
Say-on-pay support, latest vote
Companies that benchmark against ETWO
9 companies name ETWO as a compensation peer

Each company listed discloses ETWO 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 ETWO 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
Rachit Lohani$82,639$150,000$5,318,018$0$35,749$0$372$5,586,778
Chief Product and Technology Officer
Susan Bennett435,795250,0003,145,504270,92134,67901,4164,138,315
Chief Legal Officer and Secretary
Greg Randolph450,00002,337,7280241,230013,3983,042,356
Chief Commercial Officer
Marje Armstrong400,00002,337,7280175,440011,1662,924,334
Chief Financial Officer and Chief Human Resources Officer
Andrew Appel650,0001,500,00000356,363013,6502,520,013
Chief Executive 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 FY20242025
Rachit Lohani$5,586,778
Susan Bennett4,138,315
Greg Randolph3,042,3566,210,346−3,167,990
Marje Armstrong2,924,3347,192,0756,590,182−4,267,741
Andrew Appel2,520,01327,649,449−25,129,436

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
Susan BennettOPTION2025-01-07164,836$270,921
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Susan Bennett$0$0$270,9210.0%

% 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
Susan BennettOption164,8362.73
05

Incentive-plan design — the Compensation Discussion & Analysis

E2open's executive compensation program is designed to attract, develop, motivate, and retain top talent while aligning executive performance with corporate strategies and stockholder interests. A significant portion of total compensation is at-risk, with emphasis on performance-based equity and annual cash incentive payouts tied to organic subscription revenue growth and adjusted EBITDA. Base salaries are set at the median of market with the greatest compensation opportunities focused on performance-based equity.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-07-28130,243,14177,417,3741,528,65662.26%Passed
20242024-06-28163,226,32866,470,4321,814,54170.5%Passed
20222022-07-08250,734,8726,680,927142,76497.35%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
20252025-07-2862.26%a
20242024-06-2870.5%b
20222022-07-0897.35%c

a. 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.”.

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 counted towards the vote total and will have the same effect as a vote “against” each of the proposed voting frequencies.”.

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)70 : 1
CEO total compensation$2,520,013
Median employee compensation$36,051
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Chinh ChuIndependent · Board Chair · Compensation (Chair)$426,635$0$0$0$426,635
Eva HarrisIndependent · Lead Independent Director · Compensation · Audit125,000204,553000329,553
Timothy MaudlinIndependent · Audit (Chair)100,000204,553000304,553
Stephen DaffronIndependent · Nominating, Sustainability & Governance (Chair) · Risk303,906000303,906
Keith AbellIndependent · Risk (Chair) · Audit95,000204,553000299,553
Ryan HinkleIndependent · Compensation292,217000292,217
Martin FichtnerIndependent · Audit · Compensation000000
Andrew AppelEmployee director000000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer$204,553
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline5 times Annual Cash Retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$320,000
Equity awards (grant-date value)$1,636,417
All other compensation$0
Total cost of the board$1,956,417

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 E2open Parent Holdings 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 E2open Parent Holdings.

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
1Commvault Systems2026Sanjay Mirchandani$693,654$18,046,786$0$1,111,250$19,909,500
2Manhattan Associates2025Eric Clark706,66712,162,5510835,37516,762,928
3Guidewire Software2025Mike Rosenbaum750,00012,280,2030975,00014,012,061
4Q2 Holdings2025Matthew Flake520,00010,372,9980552,87911,492,510
5SPS Commerce2025Chad Collins609,65810,789,7040011,410,244
6Verint Systems2025Dan Bodner807,7759,371,5280532,14210,825,132
7Progress Software2025Yogesh Gupta649,0387,043,1271,800,010845,00010,534,808
8SecureWorks2024Wendy Thomas500,0007,243,3750359,3758,187,796
9Model N2023Jason Blessing556,5006,009,6320306,6286,877,671
10Envestnet2023William Crager650,0003,520,568004,880,843
11Alarm.com2025Stephen Trundle295,0011,423,500994,471267,5002,980,472
12E2open Parent Holdings2025Andrew Appel650,00000356,3632,520,013
138x82026Samuel Wilson500,0001,660,1140332,5002,495,614
Descartes Systemsnot in coverage universe
Kinaxisnot 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
E2open Parent Holdings43.86%RSU 50 · PSU 50NoFW Cook
8x866.5%RSU 67 · PSU 33NoCompensia, Inc.
Alarm.com107%RSU 59 · Options 41not disclosedCompensia
Commvault Systems127%RSU 40 · MSU 30 · PSU 30Yes — Relative TSRCompensia, Inc.
Descartes Systemsnot disclosednot disclosednot disclosednot disclosed
Envestnet100%PSU 50 · RSU 50Yes — Relative TSR vs. Russell 2000 Index constituentsWillis Towers Watson US LLC
Guidewire Software130%PSU 50 · RSU 50NoSemler Brossy
Kinaxisnot disclosednot disclosednot disclosednot disclosed
Manhattan Associates118%RSU 50 · PSU 50NoWillis Towers Watson
Model N55.1%PSU 50 · RSU 50NoCompensia
Progress Software130%PSU 50 · RSU 30 · Options 20Yes — Relative TSRPay Governance
Q2 Holdings106.3%PSU 50 · RSU 50Yes — Relative TSRMercer
SecureWorks86%PSU 50 · RSU 50NoFrederic W. Cook & Co., Inc.
SPS Commercenot disclosedRSU 50 · PSU 50Yes — relative TSR performance against the Russell 2000 IndexCompensia
Verint Systems65%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, Rachit LohaniDEF 14A2025-06-180001193125-25-142713Section “Fiscal 2025 Summary Compensation Table”. As printed: 5,586,778. Filing ↗machine: r17 · c17 · span 637650–637659
2Section 01, Susan BennettDEF 14A2025-06-180001193125-25-142713Section “Fiscal 2025 Summary Compensation Table”. As printed: 4,138,315. Filing ↗machine: r11 · c17 · span 624292–624301
3Section 01, Greg RandolphDEF 14A2025-06-180001193125-25-142713Section “Fiscal 2025 Summary Compensation Table”. As printed: 3,042,356. Filing ↗machine: r13 · c17 · span 628881–628890
4Section 01, Marje ArmstrongDEF 14A2025-06-180001193125-25-142713Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,924,334. Filing ↗machine: r7 · c17 · span 613810–613819
5Section 01, Andrew AppelDEF 14A2025-06-180001193125-25-142713Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,520,013. Filing ↗machine: r3 · c17 · span 606192–606201
6Section 03, Susan Bennett OPTIONDEF 14A2025-06-180001193125-25-142713Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t178 · r16 · c21 · span 692802–692809
7Section 07, pay ratioDEF 14A0001193125-25-142713Section “CEO Pay Ratio”. As printed: 70 : 1.machine: span 1024932–1024936
8Section 08, Chinh ChuDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 426,635. Filing ↗machine: t84 · r6 · c4 · span 282787–282794
9Section 08, Eva HarrisDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 329,553. Filing ↗machine: t84 · r12 · c8 · span 287369–287376
10Section 08, Timothy MaudlinDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 304,553. Filing ↗machine: t84 · r16 · c8 · span 290167–290174
11Section 08, Stephen DaffronDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 303,906. Filing ↗machine: t84 · r8 · c4 · span 284190–284197
12Section 08, Keith AbellDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 299,553. Filing ↗machine: t84 · r4 · c8 · span 281772–281779
13Section 08, Ryan HinkleDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 292,217. Filing ↗machine: t84 · r14 · c4 · span 288386–288393
14Section 08, Martin FichtnerDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 0. Filing ↗
15Section 08, Andrew AppelDEF 14A2025-06-180001193125-25-142713Section “Director Compensation”. As printed: 0. Filing ↗
16Section 06, 2025 voteForm 8-K2025-07-300000950170-25-100353Item 5.07 · say-on-pay result. As reported: 62.26% (votes for as printed: 130,243,141). Filing ↗
17Section 06, 2024 voteForm 8-K2024-07-010000950170-24-079657Item 5.07 · say-on-pay result. As reported: 70.5% (votes for as printed: 163,226,328). Filing ↗
18Section 06, 2022 voteForm 8-K2022-07-120000950170-22-012644Item 5.07 · say-on-pay result. As reported: 97.35%. Filing ↗
19Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 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
21Section 09b board cost (computed)ComputedcomputedCash 320,000 + equity 1,636,417 + all other 0 = 1,956,417, summed across the director compensation table rows.machine: formula: Σ = 1,956,417
22Commvault Systems, Section 10b CEO totalDEF 14A2026-06-240001169561-26-000018CEO total compensation as printed in Commvault Systems's own proxy. As printed: 19,909,500. Filing ↗machine: r2 · c21 · span 580870–580880
23Manhattan Associates, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140024CEO total compensation as printed in Manhattan Associates's own proxy. As printed: 16,762,928. Filing ↗machine: t17 · r6 · c12 · span 294034–294044
24Guidewire Software, Section 10b CEO totalDEF 14A2025-10-300001528396-25-000233CEO total compensation as printed in Guidewire Software's own proxy. As printed: 14,012,061. Filing ↗machine: r3 · c21 · span 777771–777781
25Q2 Holdings, Section 10b CEO totalDEF 14A2026-04-290001410384-26-000029CEO total compensation as printed in Q2 Holdings's own proxy. As printed: 11,492,510. Filing ↗machine: span 684167–684177
26SPS Commerce, Section 10b CEO totalDEF 14A2026-04-140001092699-26-000029CEO total compensation as printed in SPS Commerce's own proxy. As printed: 11,410,244. Filing ↗machine: r2 · c42 · span 913548–913558
27Verint Systems, Section 10b CEO totalDEF 14A2025-05-080001166388-25-000085CEO total compensation as printed in Verint Systems's own proxy. As printed: 10,825,132. Filing ↗machine: t40 · r3 · c16 · span 735065–735075
28Progress Software, Section 10b CEO totalDEF 14A2026-03-250001552781-26-000161CEO total compensation as printed in Progress Software's own proxy. As printed: 10,534,808. Filing ↗machine: r1 · c7 · span 612818–612828
29SecureWorks, Section 10b CEO totalDEF 14A2024-05-150001140361-24-026278CEO total compensation as printed in SecureWorks's own proxy. As printed: 8,187,796. Filing ↗machine: t245 · r1 · c21 · span 729429–729438
30Model 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
31Envestnet, 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
32Alarm.com, Section 10b CEO totalDEF 14A2026-04-230001104659-26-047867CEO total compensation as printed in Alarm.com's own proxy. As printed: 2,980,472. Filing ↗machine: r1 · c41 · span 542470–542479
33E2open Parent Holdings (subject), Section 10b CEO totalDEF 14A2025-06-180001193125-25-142713CEO total compensation as printed in E2open Parent Holdings's own proxy. As printed: 2,520,013. Filing ↗machine: r3 · c17 · span 606192–606201
348x8, Section 10b CEO totalDEF 14A2026-06-240001023731-26-000089CEO total compensation as printed in 8x8's own proxy. As printed: 2,495,614. Filing ↗machine: t111 · r2 · c12 · span 929262–929271
35Section 10a, Verint Systems reciprocityDEF 14A0001166388-25-000085Verint Systems's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
36Section 10a, Guidewire Software reciprocityDEF 14A0001528396-25-000233Guidewire Software's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
37Section 10a, Envestnet reciprocityDEF 14A0001104659-24-044267Envestnet's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
38Section 10a, SPS Commerce reciprocityDEF 14A0001092699-26-000029SPS Commerce's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
39Section 10a, Alarm.com reciprocityDEF 14A0001104659-26-047867Alarm.com's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
40Section 10a, Model N reciprocityDEF 14A0001118417-24-000010Model N's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
41Section 10a, Manhattan Associates reciprocityDEF 14A0001193125-26-140024Manhattan Associates's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
42Section 10a, SecureWorks reciprocityDEF 14A0001140361-24-026278SecureWorks's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
43Section 10a, Commvault Systems reciprocityDEF 14A0001169561-26-000018Commvault Systems's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗
44Section 10a, Q2 Holdings reciprocityDEF 14A0001410384-26-000029Q2 Holdings's most recent proxy was read; its disclosed peer group does not include E2open Parent Holdings. Filing ↗