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

Perficient (PRFT)

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.

$7,310,823
Jeffrey Davis total, FY2023
Chairman of the Board, Former Chief Executive Officer and Executive Chairmanhighest-paid officer; CEO Thomas Hogan: $5,809,472
21st
CEO (Thomas Hogan) pay percentile vs peers
CEO-to-median pay ratio
91.4%
Say-on-pay support, latest vote
Companies that benchmark against PRFT
8 companies name PRFT as a compensation peer

Each company listed discloses PRFT 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 PRFT 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
Jeffrey Davis$517,917$0$6,749,946$0$0$0$42,960$7,310,823
Chairman of the Board, Former Chief Executive Officer and Executive Chairman
Thomas Hogan553,54205,237,06400018,8665,809,472
President and Chief Executive Officer, former Chief Operating Officer
Paul Martin460,00002,529,94400013,8473,003,791
Chief Financial Officer
Kevin Sheen328,7500449,96700017,885796,602
SVP - Global Operations
Susan Adomite251,6670199,99400011,031462,692
SVP, Controller and Principal Accounting 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
Jeffrey Davis$7,310,823$7,058,060+252,763
Thomas Hogan5,809,4723,892,241+1,917,231
Paul Martin3,003,7913,170,249−166,458
Kevin Sheen796,602
Susan Adomite462,692

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
Thomas HoganRSU2023-02-2159,319$4,359,947
Paul MartinRSU2023-02-2134,4212,529,944
Susan AdomiteRSU2023-02-212,721199,994
Kevin SheenRSU2023-02-216,122449,967
Jeffrey DavisRSU2023-02-2191,8366,749,946
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Thomas Hogan$4,359,947$0$00.0%
Paul Martin2,529,944000.0%
Susan Adomite199,994000.0%
Kevin Sheen449,967000.0%
Jeffrey Davis6,749,946000.0%

% 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
Thomas HoganRSU12,328$811,429
Susan AdomiteRSU28518,759
Susan AdomiteRSU2,721179,096
Paul MartinRSU34,4212,265,590
Kevin SheenRSU2,366155,730
Thomas HoganRSU21,0921,388,275
Jeffrey DavisRSU91,8366,044,646
Kevin SheenRSU6,122402,950
Thomas HoganRSU59,3193,904,377
Thomas HoganRSU10,842713,620
Paul MartinRSU10,530693,085
Susan AdomiteRSU1,01466,741
Paul MartinRSU17,1041,125,785
Kevin SheenRSU1,997131,443
Jeffrey DavisRSU25,9701,709,345
Jeffrey DavisRSU39,5492,603,115
05

Incentive-plan design — the Compensation Discussion & Analysis

Recruit and retain top executive officers with the experience and skills to aid and to support the Company s growth; Recognize job responsibility and offer competitive and compelling compensation programs that provide executives with an incentive to continue to expand their contributions to the Company

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantLockton Companies LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-06-0727,727,3202,608,54624,20891.4%Passed
20222022-05-2526,758,4282,648,357118,01390.99%Passed
20212021-05-2525,492,8112,375,77171,27091.48%Passed
20202020-05-2024,010,3483,409,30283,55387.57%Passed
20192019-05-2925,772,014962,641320,86196.4%Passed
20182018-05-2327,105,7651,119,05142,94696.04%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
20232023-06-0791.4%a
20222022-05-2590.99%b
20212021-05-2591.48%c

a. Approved under the standard stated in the filing — “Accordingly, abstentions will not affect the outcome of such proposals.”.

b. Approved under the standard stated in the filing — “Accordingly, abstentions will not affect the outcome of such proposals.”.

c. Approved under the standard stated in the filing — “Accordingly, abstentions will not affect the outcome of such proposals.”.

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.

08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jill A. JonesIndependent · Audit · Newly elected$31,126$224,841$0$0$0$255,967
Ralph C. DerricksonIndependent · Compensation (Chair) · Nominating/Governance · Departed during FY73,000124,899000197,899
David S. LundeenIndependent · Lead Independent Director · Audit (Chair) · Compensation105,00074,953000179,953
Romil BahlIndependent · Nominating/Governance55,000124,920000179,920
Nancy C. PechloffIndependent · Audit55,000124,909000179,909
Gary M. WimberlyIndependent · Audit · Compensation55,000123,538000178,538
Brian L. MatthewsIndependent · Nominating/Governance (Chair) · Compensation56,87594,718000151,593
Thomas J. HoganEmployee director00000
Jeffrey S. DavisEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)18,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$431,001
Equity awards (grant-date value)$892,778
All other compensation$0
Total cost of the board$1,323,779

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 Perficient 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 Perficient.

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
1Okta, Inc.2026Todd McKinnon$595,233$35,684,266$0$561,719$36,843,718
2ANSYS Inc.2024Ajei Gopal850,00029,379,50702,550,00032,810,655
3Commvault Systems, Inc.2026Sanjay Mirchandani693,65418,046,78601,111,25019,909,500
4Paylocity Holding Corporation2025Toby Williams680,96016,319,5300951,47118,044,482
5Manhattan Associates, Inc.2025Eric Clark706,66712,162,5510835,37516,762,928
6ExlService Holdings, Inc.2025Rohit Kapoor885,20513,811,88801,410,75016,201,761
7ACI Worldwide Inc.2025Thomas Warsop III750,00013,204,02701,018,87514,999,961
8LiveRamp Holdings, Inc.2025Scott Howe690,0008,039,0470830,3469,582,835
9EVERTEC, Inc.2025Morgan Schuessler856,9606,800,00001,500,0269,245,391
10Pegasystems Inc.2025Alan Trefler600,00007,001,532720,0008,332,032
11ADTRAN, Inc.2025Thomas Stanton1,022,6853,763,04102,884,0007,683,726
12Blackbaud, Inc.2025Michael Gianoni800,0315,206,285006,022,250
13Perficient2023Thomas Hogan553,5425,237,064005,809,472
14EPAM Systems, Inc.2025Balazs Fejes756,3003,721,2880767,0005,244,588
15Unisys Corporation2025Michael Thomson771,5381,940,62801,487,2224,220,888
Endava PLCnot in coverage universe
Thoughtworks Holding, Inc.not 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
Perficientnot disclosedRSU 84 · PSU 16NoLockton Companies LLC
ACI Worldwide Inc.135.85%PSU 65 · RSU 35NoCompensia, Inc.
ADTRAN, Inc.200%RSU 57 · PSU 43NoPay Governance LLC
ANSYS Inc.200.0%RSU 100not disclosedCompensia
Blackbaud, Inc.102.3%PRSU 75 · RSA 25NoCompensia, Inc.
Commvault Systems, Inc.127%RSU 40 · MSU 30 · PSU 30Yes — Relative TSRCompensia, Inc.
Endava PLCnot disclosednot disclosednot disclosednot disclosed
EPAM Systems, Inc.101.7%PSU 50 · RSU 50Yes — Relative TSRPay Governance LLC
EVERTEC, Inc.117%PSU 65 · RSU 35NoFW Cook
ExlService Holdings, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSRFarient Advisors
LiveRamp Holdings, Inc.109.4%PSU 60 · RSU 40Yes — Relative TSR vs Russell 2000Compensia, Inc.
Manhattan Associates, Inc.118%RSU 50 · PSU 50NoWillis Towers Watson
Okta, Inc.98.7%PSU 60 · RSU 40Yes — TSR relative to the TSR of the IndexCompensia
Paylocity Holding Corporation138%RSU 50 · PSU 33 · MSU 17NoCompensia
Pegasystems Inc.120%Options 100Nonot disclosed
Thoughtworks Holding, Inc.not disclosednot disclosednot disclosednot disclosed
Unisys Corporation87.47%RSU 50 · Cash LTI 50Yes — Relative Total Stockholder Return (rTSR)Meridian Compensation Partners

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, Jeffrey DavisDEF 14A2024-04-170001085869-24-000065Section “COMPENSATION TABLE” · page 37. As printed: 7,310,823. Filing ↗machine: span 402341–402350
2Section 01, Thomas HoganDEF 14A2024-04-170001085869-24-000065Section “COMPENSATION TABLE” · page 37. As printed: 5,809,472. Filing ↗machine: span 393487–393496
3Section 01, Paul MartinDEF 14A2024-04-170001085869-24-000065Section “COMPENSATION TABLE” · page 37. As printed: 3,003,791. Filing ↗machine: span 411526–411535
4Section 01, Kevin SheenDEF 14A2024-04-170001085869-24-000065Section “COMPENSATION TABLE” · page 37. As printed: 796,602. Filing ↗machine: span 425460–425467
5Section 01, Susan AdomiteDEF 14A2024-04-170001085869-24-000065Section “COMPENSATION TABLE” · page 37. As printed: 462,692. Filing ↗machine: span 420957–420964
6Section 03, Thomas Hogan RSUDEF 14A2024-04-170001085869-24-000065Section “PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t26 · r4 · c20 · span 480552–480561
7Section 03, Paul Martin RSUDEF 14A2024-04-170001085869-24-000065Section “PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t26 · r9 · c20 · span 495063–495072
8Section 03, Susan Adomite RSUDEF 14A2024-04-170001085869-24-000065Section “PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t26 · r11 · c20 · span 501075–501082
9Section 03, Kevin Sheen RSUDEF 14A2024-04-170001085869-24-000065Section “PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t26 · r13 · c20 · span 506920–506927
10Section 03, Jeffrey Davis RSUDEF 14A2024-04-170001085869-24-000065Section “PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t26 · r7 · c20 · span 489048–489057
11Section 08, Jill A. JonesDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 255,967. Filing ↗machine: t22 · r5 · c8 · span 288261–288268
12Section 08, Ralph C. DerricksonDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 197,899. Filing ↗machine: t22 · r4 · c8 · span 286738–286745
13Section 08, David S. LundeenDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 179,953. Filing ↗machine: t22 · r6 · c8 · span 289787–289794
14Section 08, Romil BahlDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 179,920. Filing ↗machine: t22 · r3 · c11 · span 285209–285216
15Section 08, Nancy C. PechloffDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 179,909. Filing ↗machine: t22 · r8 · c8 · span 292840–292847
16Section 08, Gary M. WimberlyDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 178,538. Filing ↗machine: t22 · r9 · c8 · span 294673–294680
17Section 08, Brian L. MatthewsDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 151,593. Filing ↗machine: t22 · r7 · c8 · span 291313–291320
18Section 08, Thomas J. HoganDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 0. Filing ↗
19Section 08, Jeffrey S. DavisDEF 14A2024-04-170001085869-24-000065Section “Director Compensation”. As printed: 0. Filing ↗
20Section 06, 2023 voteForm 8-K2023-06-070001085869-23-000098Item 5.07 · say-on-pay result. As reported: 91.4% (votes for as printed: 27,727,320). Filing ↗
21Section 06, 2022 voteForm 8-K2022-05-250001085869-22-000092Item 5.07 · say-on-pay result. As reported: 90.99% (votes for as printed: 26,758,428). Filing ↗machine: span 37233–40122
22Section 06, 2021 voteForm 8-K2021-05-260001085869-21-000062Item 5.07 · say-on-pay result. As reported: 91.48%. Filing ↗
23Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 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
25Section 09b board cost (computed)ComputedcomputedCash 431,001 + equity 892,778 + all other 0 = 1,323,779, summed across the director compensation table rows.machine: formula: Σ = 1,323,779
26Okta, Inc., Section 10b CEO totalDEF 14A2026-05-070001660134-26-000036CEO total compensation as printed in Okta, Inc.'s own proxy. As printed: 36,843,718. Filing ↗machine: r2 · c18 · span 710081–710091
27ANSYS Inc., Section 10b CEO totalDEF 14A2025-04-290001104659-25-041176CEO total compensation as printed in ANSYS Inc.'s own proxy. As printed: 32,810,655. Filing ↗machine: span 1192289–1192299
28Commvault Systems, Inc., Section 10b CEO totalDEF 14A2026-06-240001169561-26-000018CEO total compensation as printed in Commvault Systems, Inc.'s own proxy. As printed: 19,909,500. Filing ↗machine: r2 · c21 · span 580870–580880
29Paylocity Holding Corporation, Section 10b CEO totalDEF 14A2025-10-230001591698-25-000102CEO total compensation as printed in Paylocity Holding Corporation's own proxy. As printed: 18,044,482. Filing ↗machine: t90 · r2 · c24 · span 674330–674340
30Manhattan Associates, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140024CEO total compensation as printed in Manhattan Associates, Inc.'s own proxy. As printed: 16,762,928. Filing ↗machine: t17 · r6 · c12 · span 294034–294044
31ExlService Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-270001193125-26-181891CEO total compensation as printed in ExlService Holdings, Inc.'s own proxy. As printed: 16,201,761. Filing ↗machine: r3 · c53 · span 797395–797405
32ACI Worldwide Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-162572CEO total compensation as printed in ACI Worldwide Inc.'s own proxy. As printed: 14,999,961. Filing ↗machine: t151 · r6 · c34 · span 887084–887094
33LiveRamp Holdings, Inc., Section 10b CEO totalDEF 14A2025-06-270001104659-25-063301CEO total compensation as printed in LiveRamp Holdings, Inc.'s own proxy. As printed: 9,582,835. Filing ↗machine: span 967320–967329
34EVERTEC, Inc., Section 10b CEO totalDEF 14A2026-04-070001559865-26-000017CEO total compensation as printed in EVERTEC, Inc.'s own proxy. As printed: 9,245,391. Filing ↗machine: r2 · c21 · span 593047–593056
35Pegasystems Inc., Section 10b CEO totalDEF 14A2026-04-240001013857-26-000031CEO total compensation as printed in Pegasystems Inc.'s own proxy. As printed: 8,332,032. Filing ↗machine: span 334047–334056
36ADTRAN, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127315CEO total compensation as printed in ADTRAN, Inc.'s own proxy. As printed: 7,683,726. Filing ↗machine: t94 · r5 · c30 · span 1321525–1321534
37Blackbaud, Inc., Section 10b CEO totalDEF 14A2026-04-210001280058-26-000009CEO total compensation as printed in Blackbaud, Inc.'s own proxy. As printed: 6,022,250. Filing ↗machine: t43 · r2 · c18 · span 234129–234138
38Perficient (subject), Section 10b CEO totalDEF 14A2024-04-170001085869-24-000065CEO total compensation as printed in Perficient's own proxy. As printed: 5,809,472. Filing ↗machine: span 393487–393496
39EPAM Systems, Inc., Section 10b CEO totalDEF 14A2026-04-060001140361-26-013337CEO total compensation as printed in EPAM Systems, Inc.'s own proxy. As printed: 5,244,588. Filing ↗machine: r2 · c24 · span 1221959–1221968
40Unisys Corporation, Section 10b CEO totalDEF 14A2026-03-160001308179-26-000082CEO total compensation as printed in Unisys Corporation's own proxy. As printed: 4,220,888. Filing ↗machine: r2 · c21 · span 1128294–1128303
41Section 10a, Pegasystems Inc. reciprocityDEF 14A0001013857-26-000031Pegasystems Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
42Section 10a, Unisys Corporation reciprocityDEF 14A0001308179-26-000082Unisys Corporation names Perficient in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Commvault Systems, Inc. reciprocityDEF 14A0001169561-26-000018Commvault Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
44Section 10a, ExlService Holdings, Inc. reciprocityDEF 14A0001193125-26-181891ExlService Holdings, Inc. names Perficient in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Paylocity Holding Corporation reciprocityDEF 14A0001591698-25-000102Paylocity Holding Corporation's most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
46Section 10a, LiveRamp Holdings, Inc. reciprocityDEF 14A0001104659-25-063301LiveRamp Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
47Section 10a, ADTRAN, Inc. reciprocityDEF 14A0001193125-26-127315ADTRAN, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
48Section 10a, Blackbaud, Inc. reciprocityDEF 14A0001280058-26-000009Blackbaud, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
49Section 10a, Okta, Inc. reciprocityDEF 14A0001660134-26-000036Okta, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
50Section 10a, EVERTEC, Inc. reciprocityDEF 14A0001559865-26-000017EVERTEC, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
51Section 10a, ANSYS Inc. reciprocityDEF 14A0001104659-25-041176ANSYS Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗
52Section 10a, Manhattan Associates, Inc. reciprocityDEF 14A0001193125-26-140024Manhattan Associates, Inc.'s most recent proxy was read; its disclosed peer group does not include Perficient. Filing ↗