Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-06-24

Matterport (MTTR)

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.

$3,439,475
R.j. Pittman total, FY2023
58th
CEO pay percentile vs peers
17:1
CEO-to-median pay ratio
96.95%
Say-on-pay support, latest vote
Companies that benchmark against MTTR
7 companies name MTTR as a compensation peer

Each company listed discloses MTTR 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 MTTR 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
R.j. Pittman$406,250$0$2,649,600$0$383,625$0$0$3,439,475
Chief Executive Officer and Chairman of the Board
James Fay385,12501,152,0000236,325001,773,450
Chief Financial Officer
Jay Remley313,75001,036,8000283,162001,633,712
Chief Revenue Officer
Japjit Tulsi318,7500806,4000150,187001,275,337
Chief Technology Officer
Matthew Zinn375,000150,00000177,18800702,188
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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
R.j. Pittman$3,439,475$157,922,193
James Fay1,773,45068,453,997
Jay Remley1,633,71242,364,557
Japjit Tulsi1,275,33736,911,530
Matthew Zinn702,188

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
Japjit TulsiRSU2023-03-07280,000$806,400
Jay RemleyRSU2023-03-07360,0001,036,800
James FayRSU2023-03-07400,0001,152,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Japjit Tulsi$806,400$0$00.0%
Jay Remley1,036,800000.0%
James Fay1,152,000000.0%

% 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
Matthew ZinnRSU1,353,792$3,641,700
Japjit TulsiRSU227,500611,975
Japjit TulsiRSU761,4772,048,373
James FayRSU325,000874,250
Jay RemleyRSU913,7722,458,047
R.j. PittmanRSU3,268,6638,792,703
James FayRSU1,522,9534,096,744
R.j. PittmanRSU747,5002,010,775
Jay RemleyRSU292,500786,825
James FayRSU720,7540
05

Incentive-plan design — the Compensation Discussion & Analysis

Through our pay-for-performance philosophy, our primary objective is to create value for our stockholders on a consistent and long-term basis. Our executive compensation strategy is designed to attract and retain high-performing individuals who will accelerate our growth.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensia, Inc.
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-06-13123,238,4213,882,289540,52596.95%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
20232023-06-1396.95%a

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect Proposal 4: An advisory vote on the frequency of future advisory votes on the compensation of the Company's named executive officers "EVERY YEAR" irm of the Company for its fiscal year ending December 31, 2023 (Proposal Two);”.

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)17 : 1
CEO total compensation$3,439,475
Median employee compensation$204,336
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Susan RepoIndependent · Audit · Nominating and Corporate Governance$54,000$183,504$0$0$0$237,504
Mike (Gus) GustafsonIndependent · Audit · Compensation47,000183,504000230,504
Jason KrikorianIndependent · Compensation · Nominating and Corporate Governance41,000183,504000224,504
Peter H bertIndependent · Audit41,000183,504000224,504
R.J. PittmanEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$30,000
Annual equity retainer$175,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 14,000 / 8,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$183,000
Equity awards (grant-date value)$734,016
All other compensation$0
Total cost of the board$917,016

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 Matterport 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 Matterport.

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
1Opendoor Technologies2025Kaz Nejatian$0$741,137,105$0$0$741,137,105
2New Relic2023William Staples585,00022,261,1240367,08823,214,892
3Five92025Michael Burkland585,00016,186,6380621,27017,403,709
4BlackLine2025Owen Ryan524,2315,694,9414,908,126473,37811,614,676
5Domo2026Joshua James500,0008,357,0040593,5509,465,244
6nCino2026Sean Desmond500,0008,083,3560486,1109,089,558
7Couchbase2025Matthew Cain535,0007,639,0000508,2508,685,250
8Sprout Social2025Ryan Barretto500,0006,881,7330460,3377,848,570
9Alkami Technology2025Alex Shootman558,4806,222,6750699,7757,492,018
10AppFolio2025Shane Trigg550,0004,000,3070814,0005,438,904
11Upland Software2025John McDonald500,0004,235,000004,774,820
12CS Disco2025Eric Friedrichsen550,0002,837,0110544,5004,063,757
13Matterport2023R.j. Pittman406,2502,649,6000383,6253,439,475
14Alarm.com2025Stephen Trundle295,0011,423,500994,471267,5002,980,472
158x82026Samuel Wilson500,0001,660,1140332,5002,495,614
16Expensify2025David Barrett1,845,85157,853001,903,704
17Enfusion2023Oleg Movchan650,025370,401250,000180,6001,455,190
18Amplitude2025Spenser Skates450,000339,019789,019
19Redfin2023Glenn Kelman300,000000300,000
ON24not in coverage universe
Blend Labsnot 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
Matterport94%RSU 100not disclosedCompensia, Inc.
8x866.5%RSU 67 · PSU 33NoCompensia, Inc.
Alarm.com107%RSU 59 · Options 41not disclosedCompensia
Alkami Technology125.3%RSU 100not disclosedFW Cook
Amplitude100.45%not disclosednot disclosedCompensia
AppFolio148%PSU 60 · RSU 40Nonot disclosed
BlackLine90.1%RSU 50 · PSU 50Yes — Relative TSRCompensia
Blend Labsnot disclosednot disclosedNoSequoia Benefits and Insurance Services, LLC d/b/a Sequoia Consulting Group
Couchbase95%not disclosedNoCompensia
CS Disconot disclosednot disclosedNoCompensia
Domo119%not disclosedNoCompensia
Enfusion75.3%not disclosedNoMeridian Compensation Partners
Expensifynot disclosedRSU 100not disclosednot disclosed
Five9106%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (RTSR) versus the companies of the S&P Software and Services Select IndexCompensia
nCino97.2%RSU 100not disclosedAon Human Capital Solutions
New Relic62.8%RSU 50 · PSU 50NoCompensia
ON2479.3%not disclosedNoCompensia
Opendoor Technologiesnot disclosedPSU 97 · RSU 3NoCompensia, Inc.
Redfin10%PSU 62.5 · RSU 37.5NoCompensia
Sprout Social92%RSU 100not disclosedCompensia, Inc.
Upland Softwarenot disclosednot disclosedYes — Absolute TSRKorn Ferry

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, R.j. PittmanDEF 14A2024-04-240001819394-24-000019Section “Summary Compensation Table for Fiscal 2023”. As printed: 3,439,475. Filing ↗machine: r2 · c48 · span 427303–427312
2Section 01, James FayDEF 14A2024-04-240001819394-24-000019Section “Summary Compensation Table for Fiscal 2023”. As printed: 1,773,450. Filing ↗machine: r7 · c48 · span 438323–438332
3Section 01, Jay RemleyDEF 14A2024-04-240001819394-24-000019Section “Summary Compensation Table for Fiscal 2023”. As printed: 1,633,712. Filing ↗machine: r12 · c48 · span 448980–448989
4Section 01, Japjit TulsiDEF 14A2024-04-240001819394-24-000019Section “Summary Compensation Table for Fiscal 2023”. As printed: 1,275,337. Filing ↗machine: r16 · c48 · span 459313–459322
5Section 01, Matthew ZinnDEF 14A2024-04-240001819394-24-000019Section “Summary Compensation Table for Fiscal 2023”. As printed: 702,188. Filing ↗machine: r21 · c48 · span 470191–470198
6Section 03, Japjit Tulsi RSUDEF 14A2024-04-240001819394-24-000019Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t34 · r17 · c46 · span 550325–550332
7Section 03, Jay Remley RSUDEF 14A2024-04-240001819394-24-000019Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t34 · r11 · c46 · span 530665–530674
8Section 03, James Fay RSUDEF 14A2024-04-240001819394-24-000019Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t34 · r7 · c46 · span 513152–513161
9Section 07, pay ratioDEF 14A2024-04-240001819394-24-000019Section “CEO Pay Ratio”. As printed: 17 : 1. Filing ↗machine: span 812929–812931
10Section 08, Susan RepoDEF 14A2024-04-240001819394-24-000019Section “Director Compensation”. As printed: 237,504. Filing ↗machine: t43 · r5 · c11 · span 940489–940496
11Section 08, Mike (Gus) GustafsonDEF 14A2024-04-240001819394-24-000019Section “Director Compensation”. As printed: 230,504. Filing ↗machine: t43 · r2 · c11 · span 933542–933549
12Section 08, Jason KrikorianDEF 14A2024-04-240001819394-24-000019Section “Director Compensation”. As printed: 224,504. Filing ↗machine: t43 · r4 · c11 · span 938186–938193
13Section 08, Peter H bertDEF 14A2024-04-240001819394-24-000019Section “Director Compensation”. As printed: 224,504. Filing ↗
14Section 08, R.J. PittmanDEF 14A2024-04-240001819394-24-000019Section “Director Compensation”. As printed: 0. Filing ↗
15Section 06, 2023 voteForm 8-K2023-06-140001819394-23-000035Item 5.07 · say-on-pay result. As reported: 96.95% (votes for as printed: 123,238,421). Filing ↗
16Section 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
17Section 09b board cost (computed)ComputedcomputedCash 183,000 + equity 734,016 + all other 0 = 917,016, summed across the director compensation table rows.machine: formula: Σ = 917,016
18Opendoor Technologies, Section 10b CEO totalDEF 14A2026-04-280001140361-26-017460CEO total compensation as printed in Opendoor Technologies's own proxy. As printed: 741,137,105. Filing ↗machine: r2 · c19 · span 1020141–1020152
19New Relic, Section 10b CEO totalDEF 14A2023-06-300001448056-23-000042CEO total compensation as printed in New Relic's own proxy. As printed: 23,214,892. Filing ↗machine: r2 · c48 · span 718611–718621
20Five9, Section 10b CEO totalDEF 14A2026-04-070001288847-26-000055CEO total compensation as printed in Five9's own proxy. As printed: 17,403,709. Filing ↗machine: r4 · c24 · span 919196–919206
21BlackLine, Section 10b CEO totalDEF 14A2026-03-250001628280-26-020925CEO total compensation as printed in BlackLine's own proxy. As printed: 11,614,676. Filing ↗machine: r2 · c54 · span 948504–948514
22Domo, 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
23nCino, Section 10b CEO totalDEF 14A2026-05-080001193125-26-214613CEO total compensation as printed in nCino's own proxy. As printed: 9,089,558. Filing ↗machine: t137 · r2 · c34 · span 465103–465112
24Couchbase, 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
25Sprout Social, Section 10b CEO totalDEF 14A2026-04-070001517375-26-000028CEO total compensation as printed in Sprout Social's own proxy. As printed: 7,848,570. Filing ↗machine: t65 · r2 · c7 · span 542149–542158
26Alkami Technology, Section 10b CEO totalDEF 14A2026-04-070001529274-26-000023CEO total compensation as printed in Alkami Technology's own proxy. As printed: 7,492,018. Filing ↗machine: r2 · c42 · span 376155–376164
27AppFolio, Section 10b CEO totalDEF 14A2026-04-280001433195-26-000031CEO total compensation as printed in AppFolio's own proxy. As printed: 5,438,904. Filing ↗machine: r3 · c51 · span 627702–627711
28Upland 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
29CS Disco, 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
30Matterport (subject), Section 10b CEO totalDEF 14A2024-04-240001819394-24-000019CEO total compensation as printed in Matterport's own proxy. As printed: 3,439,475. Filing ↗machine: r2 · c48 · span 427303–427312
31Alarm.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
328x8, 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
33Expensify, Section 10b CEO totalDEF 14A2026-04-100001476840-26-000020CEO total compensation as printed in Expensify's own proxy. As printed: 1,903,704. Filing ↗machine: r2 · c14 · span 815741–815750
34Enfusion, Section 10b CEO totalDEF 14A2024-04-260001558370-24-005911CEO total compensation as printed in Enfusion's own proxy. As printed: 1,455,190. Filing ↗machine: t60 · r4 · c23 · span 305739–305748
35Amplitude, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016728CEO total compensation as printed in Amplitude's own proxy. As printed: 789,019. Filing ↗machine: r2 · c25 · span 614813–614820
36Redfin, Section 10b CEO totalDEF 14A2024-04-250001382821-24-000045CEO total compensation as printed in Redfin's own proxy. As printed: 300,000. Filing ↗machine: t17 · r2 · c3 · span 301713–301720
37Section 10a, Opendoor Technologies reciprocityDEF 14A0001140361-26-017460Opendoor Technologies's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
38Section 10a, Sprout Social reciprocityDEF 14A0001517375-26-000028Sprout Social's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
39Section 10a, Alkami Technology reciprocityDEF 14A0001529274-26-000023Alkami Technology's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
40Section 10a, nCino reciprocityDEF 14A0001193125-26-214613nCino's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
41Section 10a, Couchbase reciprocityDEF 14A0001845022-25-000036Couchbase names Matterport in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, New Relic reciprocityDEF 14A0001448056-23-000042New Relic's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
43Section 10a, BlackLine reciprocityDEF 14A0001628280-26-020925BlackLine's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
44Section 10a, Redfin reciprocityDEF 14A0001382821-24-000045Redfin's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
45Section 10a, Amplitude reciprocityDEF 14A0001140361-26-016728Amplitude's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
46Section 10a, Five9 reciprocityDEF 14A0001288847-26-000055Five9's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
47Section 10a, Domo reciprocityDEF 14A0001628280-26-039549Domo's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗
48Section 10a, Alarm.com reciprocityDEF 14A0001104659-26-047867Alarm.com's most recent proxy was read; its disclosed peer group does not include Matterport. Filing ↗