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.
Each company listed discloses EXFY 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 EXFY in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| David Barrett | $1,845,851 | $0 | $57,853 | $0 | $0 | $0 | $0 | $1,903,704 |
| Chief Executive Officer | ||||||||
| Anuradha Muralidharan | 1,109,820 | 0 | 71,309 | 0 | 0 | 0 | 558,219 | 1,739,348 |
| Former Chief Operating Officer | ||||||||
| Ryan Schaffer | 1,148,135 | 0 | 83,704 | 0 | 0 | 0 | 7,535 | 1,239,374 |
| 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 |
|---|---|---|---|---|
| David Barrett | $1,903,704 | $2,080,755 | $1,837,114 | −177,051 |
| Anuradha Muralidharan | 1,739,348 | — | — | — |
| Ryan Schaffer | 1,239,374 | 1,236,856 | 1,133,425 | +2,518 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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 |
|---|---|---|---|---|---|---|---|---|
| Alvarez Divo Carlos Eduardo | Director | 2026-04-28 | D | 30,728 | $1 | $31,035 | Common | Form 4 ↗ |
| David Barrett | Director | 2026-05-01 | D | 30,000 | 1 | 32,400 | Common | Form 4 ↗ |
| Alvarez Divo Carlos Eduardo | Director | 2026-05-15 | D | 10,000 | 1 | 11,300 | Common | Form 4 ↗ |
| Ying (Vivian) Liu | Director | 2026-05-22 | A | 123,762 | 0 | 0 | Common | Form 4 ↗ |
| Timothy L. Christen | Director | 2026-05-22 | A | 123,762 | 0 | 0 | Common | Form 4 ↗ |
| Ellen Pao | Director | 2026-05-22 | A | 123,762 | 0 | 0 | Common | Form 4 ↗ |
| David Barrett | Director | 2026-06-01 | D | 30,000 | 1 | 34,500 | Common | Form 4 ↗ |
| Alvarez Divo Carlos Eduardo | Director | 2026-06-15 | D | 10,700 | 1 | 13,696 | Common | Form 4 ↗ |
| Ryan Schaffer | Director | 2026-06-23 | A | 1,164,596 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Barrett | Director | 2026-06-23 | A | 2,094,974 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Barrett | Director | 2026-06-23 | A | 2,031,280 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Jason Mills | Director | 2026-06-23 | A | 1,160,447 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Barrett | Director | 2026-06-23 | A | 63,694 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Daniel Vidal | Director | 2026-06-23 | A | 1,160,447 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Ying (Vivian) Liu | Director | 2026-07-05 | A | 3,731 | 0 | 0 | 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 |
|---|---|---|---|---|---|---|---|
| Anuradha Muralidharan | RSU | — | — | — | — | — | $71,309 |
| David Barrett | RSU | — | — | — | — | — | 57,853 |
| Ryan Schaffer | RSU | — | — | — | — | — | 83,704 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Anuradha Muralidharan | $71,309 | $0 | $0 | 0.0% |
| David Barrett | 57,853 | 0 | 0 | 0.0% |
| Ryan Schaffer | 83,704 | 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 |
|---|---|---|---|---|
| David Barrett | RSU | 433,894 | — | $655,180 |
| Ryan Schaffer | RSU | 117,674 | — | 177,688 |
We use a compensation algorithm that produces a target compensation number for each employee, including each NEO, which the Compensation Committee reviews and approves.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | True |
| Anti-hedging | true |
| Anti-pledging | false |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-22 | 463,816,243 | 10,148,633 | 6,108,047 | 97.86% | Passed |
| 2025 | 2025-06-13 | 454,429,843 | 3,546,036 | 95,624 | 99.23% | Passed |
| 2024 | 2024-06-14 | 472,392,741 | 6,901,783 | 33,970 | 98.56% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-22 | 97.86%a |
| 2025 | 2025-06-13 | 99.23%b |
| 2024 | 2024-06-14 | 98.56%c |
a. Approved under the standard stated in the filing — “As such, an abstention, failure to vote or a broker non-vote, if any, will have the same effect as a vote "AGAINST" the Reverse Stock Split Proposal.”.
b. Approved under the standard stated in the filing — “Votes withheld have no effect on the election of directors and abstentions are not counted as votes cast and as such will have no effect on the ratification of the appointment of KPMG or the advisory vote to approve the compensation of our named executive officer”.
c. Approved under the standard stated in the filing — “Votes withheld have no effect on the election of directors and abstentions are not counted as votes cast and as such will have no effect on the ratification of the appointment of EY or the advisory vote to approve the compensation of our named executive offic”.
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 |
|---|---|---|---|---|---|---|
| Timothy L. ChristenIndependent · Audit (Chair) | $50,000 | $114,243 | $0 | $0 | $0 | $164,243 |
| Ying (Vivian) LiuIndependent · Audit | 40,000 | 114,605 | 0 | 0 | 0 | 154,605 |
| Ellen PaoIndependent · Audit | 40,000 | 114,243 | 0 | 0 | 0 | 154,243 |
| Jason MillsEmployee director · Executive · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| David BarrettEmployee director · Executive · Compensation (Chair) | 0 | 0 | 0 | — | 0 | 0 |
| Anuradha MuralidharanEmployee director · Departed during FY | 0 | 0 | 0 | — | 0 | 0 |
| Ryan SchafferEmployee director · Executive · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| Carlos Alvarez DivoIndependent · Executive · Compensation · Partial-year service · Newly elected | 0 | 0 | 0 | 0 | 0 | 0 |
| Daniel VidalEmployee director · Executive · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $30,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $130,000 |
| Equity awards (grant-date value) | $343,091 |
| All other compensation | $0 |
| Total cost of the board | $473,091 |
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 | Expensify | 2025 | David Barrett | $1,845,851 | $57,853 | $0 | $0 | $1,903,704 |
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.
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, David Barrett | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “SUMMARY COMPENSATION TABLE”. As printed: 1,903,704. Filing ↗machine: r2 · c14 · span 815741–815750 |
| 2 | Section 01, Anuradha Muralidharan | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “SUMMARY COMPENSATION TABLE”. As printed: 1,739,348. Filing ↗machine: r6 · c14 · span 838020–838029 |
| 3 | Section 01, Ryan Schaffer | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “SUMMARY COMPENSATION TABLE”. As printed: 1,239,374. Filing ↗machine: r4 · c14 · span 826805–826814 |
| 4 | Section 03, Anuradha Muralidharan RSU | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t54 · r6 · c8 · span 835683–835689 |
| 5 | Section 03, David Barrett RSU | DEF 14A | — | 0001476840-26-000020 | Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t54 · r2 · c8 · span 813312–813318 |
| 6 | Section 03, Ryan Schaffer RSU | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t54 · r4 · c8 · span 824619–824625 |
| 7 | Section 07, pay ratio | 10-K | 2026-02-26 | 0001476840-26-000009 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Timothy L. Christen | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 164,243. Filing ↗machine: r2 · c6 · span 769915–769922 |
| 9 | Section 08, Ying (Vivian) Liu | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 154,605. Filing ↗machine: r3 · c6 · span 772695–772702 |
| 10 | Section 08, Ellen Pao | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 154,243. Filing ↗machine: t51 · r4 · c6 · span 775478–775485 |
| 11 | Section 08, Jason Mills | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 12 | Section 08, David Barrett | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 08, Anuradha Muralidharan | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 08, Ryan Schaffer | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, Carlos Alvarez Divo | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 08, Daniel Vidal | DEF 14A | 2026-04-10 | 0001476840-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 02, Alvarez Divo Carlos Eduardo 2026-04-28 | Form 4 | 2026-04-30 | 0002104456-26-000010 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, David Barrett 2026-05-01 | Form 4 | 2026-05-11 | 0001892682-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Alvarez Divo Carlos Eduardo 2026-05-15 | Form 4 | 2026-05-28 | 0002104456-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Ying (Vivian) Liu 2026-05-22 | Form 4 | 2026-07-07 | 0001891182-26-000008 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Timothy L. Christen 2026-05-22 | Form 4 | 2026-07-07 | 0001776003-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Ellen Pao 2026-05-22 | Form 4 | 2026-07-07 | 0001892081-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, David Barrett 2026-06-01 | Form 4 | 2026-06-02 | 0001892682-26-000014 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Alvarez Divo Carlos Eduardo 2026-06-15 | Form 4 | 2026-06-16 | 0002104456-26-000022 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Ryan Schaffer 2026-06-23 | Form 4 | 2026-06-25 | 0001891061-26-000016 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, David Barrett 2026-06-23 | Form 4 | 2026-06-25 | 0001892682-26-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, David Barrett 2026-06-23 | Form 4 | 2026-06-26 | 0001892682-26-000028 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Jason Mills 2026-06-23 | Form 4 | 2026-06-25 | 0001891197-26-000013 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, David Barrett 2026-06-23 | Form 4 | 2026-06-26 | 0001892682-26-000028 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Daniel Vidal 2026-06-23 | Form 4 | 2026-06-25 | 0001891862-26-000015 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Ying (Vivian) Liu 2026-07-05 | Form 4 | 2026-07-07 | 0001891182-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 06, 2026 vote | Form 8-K | 2026-05-27 | 0001476840-26-000047 | Item 5.07 · say-on-pay result. As reported: 97.86% (votes for as printed: 463,816,243). Filing ↗ |
| 33 | Section 06, 2025 vote | Form 8-K | 2025-06-16 | 0001476840-25-000083 | Item 5.07 · say-on-pay result. As reported: 99.23% (votes for as printed: 454,429,843). Filing ↗ |
| 34 | Section 06, 2024 vote | Form 8-K | 2024-06-20 | 0001476840-24-000113 | Item 5.07 · say-on-pay result. As reported: 98.56% (votes for as printed: 472,392,741). Filing ↗ |
| 35 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 36 | Section 03b vehicle mix (computed) | 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 |
| 37 | Section 09b board cost (computed) | Computed | — | computed | Cash 130,000 + equity 343,091 + all other 0 = 473,091, summed across the director compensation table rows.machine: formula: Σ = 473,091 |
| 38 | Expensify (subject), Section 10b CEO total | DEF 14A | 2026-04-10 | 0001476840-26-000020 | CEO total compensation as printed in Expensify's own proxy. As printed: 1,903,704. Filing ↗machine: r2 · c14 · span 815741–815750 |