Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-23

CS Disco (LAW)

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.

$4,063,757
Eric Friedrichsen total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
86.38%
Say-on-pay support, latest vote
Companies that benchmark against LAW
9 companies name LAW as a compensation peer

Each company listed discloses LAW 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 LAW 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
Eric Friedrichsen$550,000$0$2,837,011$0$544,500$0$132,246$4,063,757
Chief Executive Officer and Director
Richard Crum370,00001,311,1130219,780012,4501,913,343
Executive Vice President, Chief Product, Technology and Strategy Officer
Michael Lafair410,0000917,7800243,540017,3981,588,719
Former Executive Vice President, 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Eric Friedrichsen$4,063,757$8,651,343−4,587,586
Richard Crum1,913,343
Michael Lafair1,588,7191,369,7014,337,355+219,018

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

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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Eric FriedrichsenDirector2026-05-08A9,000$4$35,730CommonForm 4 ↗
Eric FriedrichsenDirector2026-05-16D44,4924170,404CommonForm 4 ↗
Karen HerckisEVP, Chief HR Officer2026-05-18D8,562430,909CommonForm 4 ↗
Melanie AntoonEVP, Chief Customer Officer2026-05-18D8,590431,010CommonForm 4 ↗
Richard CrumEVP, Chief Prod & Tech Officer2026-05-18D7,492427,046CommonForm 4 ↗
Susan GarciaGC & Chief Compliance Officer2026-05-18D6,972425,169CommonForm 4 ↗
James OfferdahlDirector2026-06-10A41,09600CommonForm 4 ↗
Scott HillDirector2026-06-10A41,09600CommonForm 4 ↗
Susan L. BlountDirector2026-06-10A41,09600CommonForm 4 ↗
Krishna SrinivasanDirector2026-06-10A41,09600CommonForm 4 ↗
Robert P. GoodmanDirector2026-06-10A41,09600CommonForm 4 ↗
Thomas BoganDirector2026-06-10A41,09600CommonForm 4 ↗
Andre L. MintzDirector2026-07-21A74,44200CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Richard CrumPSU$1,311,113
Michael LafairPSU917,780
Eric FriedrichsenPSU2,837,011
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Richard Crum$0$1,311,113$0100.0%
Michael Lafair0917,7800100.0%
Eric Friedrichsen02,837,0110100.0%

% 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
Eric FriedrichsenRSU639,863$4,965,337
Eric FriedrichsenRSU201,1111,560,621
Michael LafairRSU82,485640,084
Michael LafairRSU60,187467,051
Michael LafairRSU8,79968,280
Michael LafairRSU11,74991,172
Richard CrumRSU99,207769,846
Richard CrumRSU94,829735,873
Richard CrumRSU69,841541,966
Eric FriedrichsenRSU151,6951,177,153
Michael LafairRSU48,889379,379
Michael LafairRSU24,140187,326
05

Incentive-plan design — the Compensation Discussion & Analysis

The company provides base salaries, performance-based annual cash bonuses, and equity awards (RSUs and PSUs) to attract and retain executive talent. Compensation is benchmarked against peer company practices and designed to align executive interests with long-term stockholder value through equity ownership, with annual bonus opportunities tied to corporate performance goals.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20222022-07-1236,152,8435,699,2253,938,96186.38%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
20222022-07-1286.38%a

a. Voting standard not stated in the filing.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas BoganIndependent · Audit · Newly elected$29,929$300,000$0$0$0$329,929
Scott HillIndependent · Board Chair · Compensation89,598150,000000239,598
James OfferdahlIndependent · Audit (Chair)55,000150,000000205,000
Susan L. BlountIndependent · Audit · Nominating and Corporate Governance (Chair)53,000150,000000203,000
Colette Pierce Burnette, Ed.DIndependent · Nominating and Corporate Governance39,000150,000000189,000
Eric FriedrichsenEmployee director00000
Toby WilliamsIndependent · Partial-year service · Newly elected000000
Krishna SrinivasanIndependent · Compensation (Chair) · Nominating and Corporate Governance000000
Tyson BaberIndependent · Audit · Departed during FY · Partial-year service000000
Robert P. GoodmanIndependent · Compensation000000
Aaron ClarkIndependent · Nominating and Corporate Governance000000
09

Board fee structure and ownership guideline

Annual cash retainer$35,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 12,000 / 8,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$266,527
Equity awards (grant-date value)$900,000
All other compensation$0
Total cost of the board$1,166,527

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
1CS Disco2025Eric Friedrichsen$550,000$2,837,011$0$544,500$4,063,757

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, Eric FriedrichsenDEF 14A2026-04-300001625641-26-000097Section “2025 Summary Compensation Table”. As printed: 4,063,757. Filing ↗machine: r2 · c36 · span 254101–254110
2Section 01, Richard CrumDEF 14A2026-04-300001625641-26-000097Section “2025 Summary Compensation Table”. As printed: 1,913,343. Filing ↗machine: r6 · c36 · span 264950–264959
3Section 01, Michael LafairDEF 14A2026-04-300001625641-26-000097Section “2025 Summary Compensation Table”. As printed: 1,588,719. Filing ↗machine: r4 · c36 · span 259617–259626
4Section 03, Richard Crum PSUDEF 14A2026-04-300001625641-26-000097Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t13 · r6 · c6 · span 263621–263630
5Section 03, Michael Lafair PSUDEF 14A2026-04-300001625641-26-000097Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t13 · r4 · c6 · span 258420–258427
6Section 03, Eric Friedrichsen PSUDEF 14A2026-04-300001625641-26-000097Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t13 · r2 · c6 · span 252673–252682
7Section 07, pay ratio10-K2026-02-250001625641-26-000044Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Thomas BoganDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 329,929. Filing ↗machine: t17 · r3 · c6 · span 356722–356729
9Section 08, Scott HillDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 239,598. Filing ↗machine: t17 · r7 · c6 · span 362586–362593
10Section 08, James OfferdahlDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t17 · r8 · c6 · span 364049–364056
11Section 08, Susan L. BlountDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 203,000. Filing ↗machine: t17 · r2 · c6 · span 355437–355444
12Section 08, Colette Pierce Burnette, Ed.DDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 189,000. Filing ↗machine: t17 · r4 · c6 · span 358200–358207
13Section 08, Eric FriedrichsenDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Toby WilliamsDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 0. Filing ↗
15Section 08, Krishna SrinivasanDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 0. Filing ↗machine: t17 · r9 · c6 · span 365436–365437
16Section 08, Tyson BaberDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 0. Filing ↗machine: t17 · r10 · c6 · span 367075–367076
17Section 08, Robert P. GoodmanDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 0. Filing ↗machine: t17 · r6 · c6 · span 361222–361223
18Section 08, Aaron ClarkDEF 14A2026-04-300001625641-26-000097Section “Director Compensation”. As printed: 0. Filing ↗machine: t17 · r5 · c6 · span 359580–359581
19Section 02, Eric Friedrichsen 2026-05-08Form 42026-05-110001625641-26-000112Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Eric Friedrichsen 2026-05-16Form 42026-05-190001625641-26-000126Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Karen Herckis 2026-05-18Form 42026-05-190001625641-26-000128Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Melanie Antoon 2026-05-18Form 42026-05-190001625641-26-000134Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Richard Crum 2026-05-18Form 42026-05-190001625641-26-000132Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Susan Garcia 2026-05-18Form 42026-05-190001625641-26-000130Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, James Offerdahl 2026-06-10Form 42026-06-110001490198-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Scott Hill 2026-06-10Form 42026-06-110001625641-26-000148Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Susan L. Blount 2026-06-10Form 42026-06-110001625641-26-000145Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Krishna Srinivasan 2026-06-10Form 42026-06-110001625641-26-000146Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Robert P. Goodman 2026-06-10Form 42026-06-120001193125-26-269451Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Thomas Bogan 2026-06-10Form 42026-06-110001625641-26-000144Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Andre L. Mintz 2026-07-21Form 42026-07-230001625641-26-000156Insider equity transaction reported since the proxy statement. Filing ↗
32Section 06, 2022 voteForm 8-K2022-07-120001625641-22-000077Item 5.07 · say-on-pay result. As reported: 86.38%. Filing ↗
33Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
34Section 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
35Section 09b board cost (computed)ComputedcomputedCash 266,527 + equity 900,000 + all other 0 = 1,166,527, summed across the director compensation table rows.machine: formula: Σ = 1,166,527
36CS Disco (subject), Section 10b CEO totalDEF 14A2026-04-300001625641-26-000097CEO total compensation as printed in CS Disco's own proxy. As printed: 4,063,757. Filing ↗machine: r2 · c36 · span 254101–254110