Velarion · Company Intelligence
Compensation Brief
Fiscal year 2022 · Filings through 2026-06-01

ForgeRock (FORG)

Fiscal year 2022 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.

$5,198,726
Francis Rosch total, FY2022
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against FORG
1 company names FORG as a compensation peer

Each company listed discloses FORG 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 FORG 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 2022

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Francis Rosch$514,080$0$4,254,416$0$430,230$0$0$5,198,726
President and Chief Executive Officer
John Fernandez430,52001,952,0300240,19903,0002,625,749
Chief Financial Officer and Executive Vice President of Global Operations
Pete Angstadt416,64850,0001,611,9160355,61803,0002,437,182
Chief Revenue Officer
Peter Barker428,46401,611,9160179,28903,0002,222,669
Chief Product Officer and Executive Vice President
Samuel Fleischmann353,4960667,4160169,05003,0001,192,962
Chief Legal 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 officerFY2022 totalFY2021 totalFY2020 totalΔ FY20212022
Francis Rosch$5,198,726$6,497,511$1,814,435−1,298,785
John Fernandez2,625,7491,945,4182,611,653+680,331
Pete Angstadt2,437,1821,222,306919,582+1,214,876
Peter Barker2,222,6691,344,122+878,547
Samuel Fleischmann1,192,962

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.

04

Outstanding equity awards at fiscal year-end 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Francis RoschOption41,4064.83
Francis RoschOption83,5944.83
John FernandezOption28,8284.83
John FernandezOption11,5024.83
John FernandezOption125,9984.83
Peter BarkerOption20,53225
Pete AngstadtRSU121,6542,770,062
Pete AngstadtOption26,9534.83
Peter BarkerOption4,2974.83
Pete AngstadtOption4,2974.83
Pete AngstadtOption31,69125
Peter BarkerRSU121,6542,770,062
Peter BarkerOption31,69125
Peter BarkerOption26,9534.83
Francis RoschRSU321,0887,311,174
Peter BarkerOption27,0837.86
Peter BarkerRSU50,3711,146,948
John FernandezRSU104,9780
John FernandezRSU147,3233,354,545
Francis RoschOption270,8337.86
Francis RoschOption130,88025
John FernandezRSU153,7070
John FernandezOption11,7974.83
John FernandezOption60,05125
05

Incentive-plan design — the Compensation Discussion & Analysis

The overall objective of our executive compensation program is to attract, retain and motivate our leadership team to fulfill our mission. We do this by designing programs that tie executive compensation to individual performance, overall company performance and the interests of our stakeholders.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policyFalse
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2022

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bruce GoldenIndependent · Board Chair · Compensation · Strategic (Chair)$15,000$211,601$0$0$226,601
Maria WalkerIndependent · Audit (Chair)13,750207,11200220,862
Alexander OttIndependent · Compensation (Chair)11,750199,90900211,659
Jeff ParksIndependent · Audit · Strategic · Not standing for re-election10,950197,02000207,970
Rinki SethiIndependent · Audit · Not standing for re-election10,950197,02000207,970
Johanna FlowerIndependent · Nominating/Governance (Chair) · Not standing for re-election9,688195,85400205,542
Warren WeissIndependent · Compensation · Not standing for re-election10,000193,59200203,592
Arun MathewIndependent · Nominating/Governance9,688192,47900202,167
David DeWaltIndependent · Departed during FY17,5500017,550
Paul MaderaIndependent · Departed during FY17,0290017,029
Dave WelshIndependent · Nominating/Governance · Strategic · Not standing for re-election00000
Francis RoschEmployee director · Not standing for re-election00000
09

Board fee structure and ownership guideline

Annual cash retainer$35,000
Annual equity retainer$175,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 12,000 / 7,500
Stock ownership guideline
09b

Total cost of the board

ComponentFY2022
Cash retainers and fees$126,355
Equity awards (grant-date value)$1,594,587
All other compensation$0
Total cost of the board$1,720,942

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

10

Disclosed peer group — fiscal year 2022

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 ForgeRock 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 ForgeRock.

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
1SailPoint Technologies2026Mark McClain$607,500$78,849,289$0$633,565$80,100,892
2Qualys2025Sumedh Thakar616,16714,597,5650723,37715,947,158
3PagerDuty2026Jennifer Tejada600,00014,219,7660347,76015,268,028
4Tenable Holdings2025Stephen Vintz450,58310,999,9500397,80711,862,340
5Everbridge2022David Wagner186,30110,656,0000173,26011,015,886
6Rapid72025Corey Thomas545,0009,195,5760315,00010,058,576
7Domo2026Joshua James500,0008,357,0040593,5509,465,244
8Mitek Systems2025Edward H. West500,0007,902,3610761,5009,414,057
9Zuora2024Tien Tzuo500,0007,950,0000337,5008,787,500
10Couchbase2025Matthew Cain535,0007,639,0000508,2508,685,250
11Sumo Logic2021Ramin Sayar362,2505,348,8600350,2058,289,436
12SecureWorks2024Wendy Thomas500,0007,243,3750359,3758,187,796
13Jamf Holding2024John Strosahl550,0015,999,9970539,0007,106,371
14A10 Networks2025Dhrupad Trivedi697,9175,211,97301,056,8006,974,141
15Ping Identity Holding2021Andre Durand435,0004,439,2900614,6555,497,645
16ForgeRock2022Francis Rosch514,0804,254,4160430,2305,198,726
17Upland Software2025John McDonald500,0004,235,000004,774,820
18OneSpan2025Victor Limongelli600,0002,500,0210150,0003,627,046
19Appian2025Matthew Calkins1,150,0001,760,000002,941,276
CyberArk Softwarenot 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
ForgeRock84%RSU 100not disclosedCompensia
A10 Networksnot disclosedPSU 50 · RSU 50NoRadford-AON
Appiannot disclosedRSU 100Nonot disclosed
Couchbase95%not disclosedNoCompensia
CyberArk Softwarenot disclosednot disclosednot disclosednot disclosed
Domo119%not disclosedNoCompensia
Everbridge93%RSU 50 · PSU 50NoFW Cook
Jamf Holding98%RSU 100not disclosedRadford
Mitek Systems152.3%PSU 80 · RSU 20NoFrederic W. Cook & Company, Inc.
OneSpan25%PSU 75 · RSU 25NoFrederic W. Cook & Co, Inc.
PagerDuty58.0%PSU 50 · RSU 50NoCompensia, Inc.
Ping Identity Holding141.3%RSU 100not disclosedMeridian Compensation Partners, LLC
Qualysnot disclosednot disclosedNoCompensia, Inc.
Rapid750%RSU 50 · PSU 50NoCompensia
SailPoint Technologies104%RSU 100not disclosedCompensia
SecureWorks86%PSU 50 · RSU 50NoFrederic W. Cook & Co., Inc.
Sumo Logic96.8%not disclosedNoCompensia
Tenable Holdings99.9%RSU 65 · PSU 35NoCompensia
Upland Softwarenot disclosednot disclosedYes — Absolute TSRKorn Ferry
Zuora67.5%not disclosedNoCompensia

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, Francis RoschDEF 14A2023-04-120001543916-23-000037Section “Summary Compensation Table” · page 32. As printed: 5,198,726. Filing ↗machine: r2 · c48 · span 384245–384254
2Section 01, John FernandezDEF 14A2023-04-120001543916-23-000037Section “Summary Compensation Table” · page 32. As printed: 2,625,749. Filing ↗machine: r5 · c48 · span 393699–393708
3Section 01, Pete AngstadtDEF 14A2023-04-120001543916-23-000037Section “Summary Compensation Table” · page 32. As printed: 2,437,182. Filing ↗machine: r8 · c48 · span 403276–403285
4Section 01, Peter BarkerDEF 14A2023-04-120001543916-23-000037Section “Summary Compensation Table” · page 32. As printed: 2,222,669. Filing ↗machine: r11 · c48 · span 412663–412672
5Section 01, Samuel FleischmannDEF 14A2023-04-120001543916-23-000037Section “Summary Compensation Table” · page 32. As printed: 1,192,962. Filing ↗machine: r13 · c48 · span 419084–419093
6Section 08, Bruce GoldenDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 226,601. Filing ↗machine: t8 · r4 · c6 · span 241463–241470
7Section 08, Maria WalkerDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 220,862. Filing ↗machine: t8 · r10 · c6 · span 250079–250086
8Section 08, Alexander OttDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 211,659. Filing ↗machine: t8 · r7 · c6 · span 245678–245685
9Section 08, Jeff ParksDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 207,970. Filing ↗machine: t8 · r8 · c6 · span 247022–247029
10Section 08, Rinki SethiDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 207,970. Filing ↗machine: t8 · r9 · c6 · span 248550–248557
11Section 08, Johanna FlowerDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 205,542. Filing ↗machine: t8 · r3 · c6 · span 240117–240124
12Section 08, Warren WeissDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 203,592. Filing ↗machine: t8 · r11 · c6 · span 251425–251432
13Section 08, Arun MathewDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 202,167. Filing ↗machine: t8 · r6 · c6 · span 244335–244342
14Section 08, David DeWaltDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 17,550. Filing ↗machine: t8 · r2 · c2 · span 237891–237897
15Section 08, Paul MaderaDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 17,029. Filing ↗machine: t8 · r5 · c2 · span 242356–242362
16Section 08, Dave WelshDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Francis RoschDEF 14A2023-04-120001543916-23-000037Section “Director Compensation”. As printed: 0. Filing ↗
18Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 09b board cost (computed)ComputedcomputedCash 126,355 + equity 1,594,587 + all other 0 = 1,720,942, summed across the director compensation table rows.machine: formula: Σ = 1,720,942
20SailPoint Technologies, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177300CEO total compensation as printed in SailPoint Technologies's own proxy. As printed: 80,100,892. Filing ↗machine: span 461317–461327
21Qualys, Section 10b CEO totalDEF 14A2026-04-220001140361-26-016101CEO total compensation as printed in Qualys's own proxy. As printed: 15,947,158. Filing ↗machine: t212 · r2 · c19 · span 828448–828458
22PagerDuty, Section 10b CEO totalDEF 14A2026-05-040001568100-26-000020CEO total compensation as printed in PagerDuty's own proxy. As printed: 15,268,028. Filing ↗machine: r4 · c45 · span 603528–603538
23Tenable Holdings, Section 10b CEO totalDEF 14A2026-04-020001660280-26-000015CEO total compensation as printed in Tenable Holdings's own proxy. As printed: 11,862,340. Filing ↗machine: span 639236–639246
24Everbridge, Section 10b CEO totalDEF 14A2023-04-130000950170-23-012741CEO total compensation as printed in Everbridge's own proxy. As printed: 11,015,886. Filing ↗machine: t31 · r3 · c14 · span 1022750–1022761
25Rapid7, Section 10b CEO totalDEF 14A2026-04-220001560327-26-000019CEO total compensation as printed in Rapid7's own proxy. As printed: 10,058,576. Filing ↗machine: r2 · c42 · span 505425–505435
26Domo, Section 10b CEO totalDEF 14A2026-06-010001628280-26-039549CEO total compensation as printed in Domo's own proxy. As printed: 9,465,244. Filing ↗machine: t13 · r2 · c14 · span 455747–455756
27Mitek Systems, Section 10b CEO totalDEF 14A2026-01-260001628280-26-003469CEO total compensation as printed in Mitek Systems's own proxy. As printed: 9,414,057. Filing ↗machine: span 685482–685491
28Zuora, Section 10b CEO totalDEF 14A2024-05-160001423774-24-000146CEO total compensation as printed in Zuora's own proxy. As printed: 8,787,500. Filing ↗machine: r2 · c42 · span 699493–699502
29Couchbase, Section 10b CEO totalDEF 14A2025-04-160001845022-25-000036CEO total compensation as printed in Couchbase's own proxy. As printed: 8,685,250. Filing ↗machine: r3 · c33 · span 627097–627106
30Sumo Logic, Section 10b CEO totalDEF 14A2022-05-260001140361-22-020801CEO total compensation as printed in Sumo Logic's own proxy. As printed: 8,289,436. Filing ↗machine: r2 · c21 · span 810308–810317
31SecureWorks, 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
32Jamf Holding, Section 10b CEO totalDEF 14A2025-04-290001104659-25-041308CEO total compensation as printed in Jamf Holding's own proxy. As printed: 7,106,371. Filing ↗machine: t13 · r1 · c41 · span 429483–429492
33A10 Networks, Section 10b CEO totalDEF 14A2026-03-100001140361-26-008793CEO total compensation as printed in A10 Networks's own proxy. As printed: 6,974,141. Filing ↗machine: r2 · c21 · span 490057–490066
34Ping Identity Holding, Section 10b CEO totalDEF 14A2022-03-210001104659-22-036138CEO total compensation as printed in Ping Identity Holding's own proxy. As printed: 5,497,645. Filing ↗machine: r1 · c41 · span 454226–454235
35ForgeRock (subject), Section 10b CEO totalDEF 14A2023-04-120001543916-23-000037CEO total compensation as printed in ForgeRock's own proxy. As printed: 5,198,726. Filing ↗machine: r2 · c48 · span 384245–384254
36Upland Software, Section 10b CEO totalDEF 14A2026-04-200001505155-26-000022CEO total compensation as printed in Upland Software's own proxy. As printed: 4,774,820. Filing ↗machine: span 341914–341923
37OneSpan, Section 10b CEO totalDEF 14A2026-04-230001044777-26-000011CEO total compensation as printed in OneSpan's own proxy. As printed: 3,627,046. Filing ↗machine: t87 · r3 · c25 · span 887252–887261
38Appian, Section 10b CEO totalDEF 14A2026-04-220001441683-26-000021CEO total compensation as printed in Appian's own proxy. As printed: 2,941,276. Filing ↗machine: r2 · c42 · span 416139–416148
39Section 10a, Sumo Logic reciprocityDEF 14A0001140361-22-020801Sumo Logic's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
40Section 10a, Everbridge reciprocityDEF 14A0000950170-23-012741Everbridge's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
41Section 10a, OneSpan reciprocityDEF 14A0001044777-26-000011OneSpan's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
42Section 10a, Ping Identity Holding reciprocityDEF 14A0001104659-22-036138Ping Identity Holding's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
43Section 10a, Qualys reciprocityDEF 14A0001140361-26-016101Qualys's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
44Section 10a, SailPoint Technologies reciprocityDEF 14A0001193125-26-177300SailPoint Technologies's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
45Section 10a, SecureWorks reciprocityDEF 14A0001140361-24-026278SecureWorks's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
46Section 10a, Tenable Holdings reciprocityDEF 14A0001660280-26-000015Tenable Holdings's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
47Section 10a, Mitek Systems reciprocityDEF 14A0001628280-26-003469Mitek Systems's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
48Section 10a, A10 Networks reciprocityDEF 14A0001140361-26-008793A10 Networks names ForgeRock in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Couchbase reciprocityDEF 14A0001845022-25-000036Couchbase's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
50Section 10a, Domo reciprocityDEF 14A0001628280-26-039549Domo's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
51Section 10a, Jamf Holding reciprocityDEF 14A0001104659-25-041308Jamf Holding's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
52Section 10a, PagerDuty reciprocityDEF 14A0001568100-26-000020PagerDuty's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
53Section 10a, Rapid7 reciprocityDEF 14A0001560327-26-000019Rapid7's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗
54Section 10a, Zuora reciprocityDEF 14A0001423774-24-000146Zuora's most recent proxy was read; its disclosed peer group does not include ForgeRock. Filing ↗