Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-06-26

TruBridge (TBRG)

Fiscal year 2024 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.

$2,363,761
Christopher L. Fowler total, FY2024
29th
CEO pay percentile vs peers
CEO-to-median pay ratio
97.15%
Say-on-pay support, latest vote
Companies that benchmark against TBRG
1 company names TBRG as a compensation peer

Each company listed discloses TBRG 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 TBRG 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher L. Fowler$618,000$0$1,292,621$0$451,140$0$2,000$2,363,761
President and CEO
Vinay Bassi492,308450,000853,1280234,000002,029,436
Chief Financial Officer
David A. Dye515,0000740,2600288,400001,543,660
Former Chief Operating Officer
Dawn M. Severance578,2360358,3210210,00002,0001,151,437
Chief Sales Officer
Wes D. Cronkite360,5000521,9080136,99001,4001,020,799
Chief Technology & Innovation 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Christopher L. Fowler$2,363,761$2,008,322
Vinay Bassi2,029,436
David A. Dye1,543,6601,408,342
Dawn M. Severance1,151,4371,389,972
Wes D. Cronkite1,020,799

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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher L. FowlerPSU2024-03-1537,38874,776149,552$792,626
David A. DyeRSU2024-03-1528,548286,336
Vinay BassiPSU2024-03-1524,67649,35298,704523,131
David A. DyePSU2024-03-1521,41242,82385,646453,924
Wes D. CronkiteRSU2024-03-1520,128201,884
Christopher L. FowlerRSU2024-03-1549,850499,996
Vinay BassiRSU2024-03-1532,901329,997
Dawn M. SeveranceRSU2024-03-1513,819138,605
Dawn M. SeverancePSU2024-03-1510,36420,72841,456219,717
Wes D. CronkitePSU2024-03-1515,09630,19160,382320,025
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher L. Fowler$499,996$792,626$061.3%
David A. Dye286,336453,924061.3%
Vinay Bassi329,997523,131061.3%
Wes D. Cronkite201,884320,025061.3%
Dawn M. Severance138,605219,717061.3%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher L. FowlerRSU14,255$281,109
David A. DyeRSU14,274281,483
Christopher L. FowlerRSU74,7761,474,583
David A. DyeRSU19,032375,311
Wes D. CronkiteRSU2,59051,075
Dawn M. SeveranceRSU1,78135,121
Christopher L. FowlerRSU8,018158,115
Christopher L. FowlerRSU74,7761,474,583
Vinay BassiRSU49,352973,221
Dawn M. SeveranceRSU3,16662,434
Wes D. CronkiteRSU4,60490,791
Wes D. CronkiteRSU20,128396,924
Vinay BassiRSU32,901648,808
Wes D. CronkiteRSU20,128396,924
David A. DyeRSU14,274281,483
David A. DyeRSU4,59590,613
Vinay BassiRSU32,901648,808
Dawn M. SeveranceRSU13,819272,511
Christopher L. FowlerRSU49,850983,042
Wes D. CronkiteRSU30,191595,367
Christopher L. FowlerRSU14,255281,109
Wes D. CronkiteRSU1,89737,409
Dawn M. SeveranceRSU1,78135,121
Christopher L. FowlerRSU2,69353,106
David A. DyeRSU4,59590,613
David A. DyeRSU8,170161,112
Wes D. CronkiteRSU2,59051,075
Dawn M. SeveranceRSU1,34426,504
David A. DyeRSU8,170161,112
Vinay BassiRSU49,352973,221
Christopher L. FowlerRSU5,135101,262
Dawn M. SeveranceRSU20,728408,756
Christopher L. FowlerRSU8,018158,115
Christopher L. FowlerRSU2,69353,106
Dawn M. SeveranceRSU1,34426,504
Christopher L. FowlerRSU49,850983,042
David A. DyeRSU2,69353,106
David A. DyeRSU2,69353,106
Dawn M. SeveranceRSU3,16662,434
David A. DyeRSU19,032375,311
Dawn M. SeveranceRSU20,728408,756
Christopher L. FowlerRSU5,135101,262
Wes D. CronkiteRSU30,191595,367
Dawn M. SeveranceRSU13,819272,511
Wes D. CronkiteRSU4,60490,791
Wes D. CronkiteRSU1,89737,409
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary goal of our compensation program is to align the interests of our executives with those of our stockholders. We believe the best way to do that is to use performance metrics aligned with the Company's corporate strategy and to have a large share of executive compensation at risk and measured against the most important of our short- and long-term goals.

CEO STI target (% of salary)73%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-088,769,664257,14434,89397.15%Passed
20242024-05-098,729,0951,665,6329,16583.98%Passed
20232023-05-1111,809,111440,45224,44796.4%Passed
20222022-05-1212,264,489187,95711,88998.49%Passed
20212021-05-1311,206,593287,54733,79997.5%Passed
20202020-04-3011,343,651397,86330,77496.61%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
20252025-05-0897.15%a
20242024-05-0983.98%b
20232023-05-1196.4%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. 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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Glenn P. TobinIndependent · Board Chair · Nominating and Corporate Governance (Chair)$123,000$119,999$0$0$0$242,999
Christopher T. HjelmIndependent · Compensation (Chair)88,750119,999000208,749
Mark V. AnquillareIndependent · Audit (Chair) · Compensation86,125119,999000206,124
Regina M. BenjaminIndependent · Audit80,000119,999000199,999
Denise W. WarrenIndependent · Innovation and Technology (Chair) · Departed during FY75,250119,999000195,249
Amy K. O'KeefeIndependent · Audit · Compensation · Departed during FY · Newly elected14,29940,00400054,303
Charles P. HuffmanIndependent · Nominating and Corporate Governance · Departed during FY39,500000039,500
Jerry G. Canada JrIndependent · Compensation · Newly elected00000
Jerry G. Canada, JrIndependent · Compensation · Newly elected000000
Andris UpitisIndependent · Innovation and Technology · Newly elected000000
David A. DyeEmployee director · Departed during FY00000
Christopher L. FowlerEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$120,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 12,500 / 10,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$506,924
Equity awards (grant-date value)$639,999
All other compensation$0
Total cost of the board$1,146,923

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

10

Disclosed peer group — fiscal year 2024

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 TruBridge 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 TruBridge.

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
1NextGen Healthcare, Inc.2022David Sides$355,680$14,256,485$0$1,012,500$15,740,135
2National Research Corp.2025Trent Green697,1156,755,0000011,961,900
3PROS Holdings, Inc.2024Andres Reiner540,0008,108,9370392,0409,058,301
4Phreesia, Inc.2026Chaim Indig515,0007,562,706008,077,706
5Model N, Inc.2023Jason Blessing556,5006,009,6320306,6286,877,671
6Health Catalyst, Inc.2025Daniel Burton525,0003,444,040003,991,159
7Accolade, Inc.2024Rajeev Singh500,0003,320,097003,823,597
8TruBridge2024Christopher L. Fowler618,0001,292,6210451,1402,363,761
9CorVel Corporation2026Michael Combs679,3270101,716498,8091,285,043
10Healthstream Inc.2025Robert Frist400,500224,97779,550158,100868,037
CareMax, Inc.not in coverage universe
RCM Technologies Inc.not in coverage universe
Tabula Rasa HealthCare, Inc.not in coverage universe
DLH Holdings Corp.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
TruBridge100%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Accolade, Inc.not disclosedPSU 50 · RSU 50NoFW Cook
CareMax, Inc.not disclosednot disclosednot disclosednot disclosed
CorVel CorporationBetween approximately 28% and 75% of base salary across NEOs%not disclosedNonot disclosed
DLH Holdings Corp.not disclosednot disclosednot disclosednot disclosed
Health Catalyst, Inc.39%RSU 50 · PSU 50Yes — TSR AchievementAon (Human Capital Solutions practice)
Healthstream Inc.97.6%not disclosedNonot disclosed
Model N, Inc.55.1%PSU 50 · RSU 50NoCompensia
National Research Corp.not disclosedRSU 100not disclosednot disclosed
NextGen Healthcare, Inc.not disclosedPSU 63 · RSA 37not disclosedFrederic W. Cook & Co., Inc.
Phreesia, Inc.140.3%PSU 50 · RSU 50Yes — Relative TSRFW Cook, Inc.
PROS Holdings, Inc.66%RSU 60 · MSU 40NoFW Cook
RCM Technologies Inc.not disclosednot disclosednot disclosednot disclosed
Tabula Rasa HealthCare, Inc.not disclosednot disclosednot disclosednot disclosed

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, Christopher L. FowlerDEF 14A2025-03-260001193125-25-063302Section “Summary Compensation Table” · page 39. As printed: 2,363,761. Filing ↗machine: t102 · r2 · c29 · span 479547–479556
2Section 01, Vinay BassiDEF 14A2025-03-260001193125-25-063302Section “Summary Compensation Table” · page 39. As printed: 2,029,436. Filing ↗machine: r3 · c29 · span 482322–482331
3Section 01, David A. DyeDEF 14A2025-03-260001193125-25-063302Section “Summary Compensation Table” · page 39. As printed: 1,543,660. Filing ↗machine: t102 · r4 · c29 · span 488741–488750
4Section 01, Dawn M. SeveranceDEF 14A2025-03-260001193125-25-063302Section “Summary Compensation Table” · page 39. As printed: 1,151,437. Filing ↗machine: t102 · r5 · c29 · span 495620–495629
5Section 01, Wes D. CronkiteDEF 14A2025-03-260001193125-25-063302Section “Summary Compensation Table” · page 39. As printed: 1,020,799. Filing ↗machine: t102 · r6 · c29 · span 500529–500538
6Section 03, Christopher L. Fowler PSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t98 · r2 · c2 · span 415844–415850
7Section 03, David A. Dye RSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t100 · r4 · c2 · span 427719–427725
8Section 03, Vinay Bassi PSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t98 · r3 · c2 · span 416390–416396
9Section 03, David A. Dye PSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t98 · r4 · c2 · span 416966–416972
10Section 03, Wes D. Cronkite RSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t100 · r6 · c2 · span 428916–428922
11Section 03, Christopher L. Fowler RSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t100 · r2 · c2 · span 426527–426533
12Section 03, Vinay Bassi RSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t100 · r3 · c2 · span 427108–427114
13Section 03, Dawn M. Severance RSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t100 · r5 · c2 · span 428306–428312
14Section 03, Dawn M. Severance PSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t98 · r5 · c2 · span 417518–417524
15Section 03, Wes D. Cronkite PSUDEF 14A2025-03-260001193125-25-063302Section “Grants of Plan-Based Awards in 2024” · grants of plan-based awards table. Filing ↗machine: t98 · r6 · c2 · span 418093–418099
16Section 08, Glenn P. TobinDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 242,999. Filing ↗machine: t156 · r8 · c11 · span 787952–787959
17Section 08, Christopher T. HjelmDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 208,749. Filing ↗machine: t156 · r5 · c11 · span 784758–784765
18Section 08, Mark V. AnquillareDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 206,124. Filing ↗machine: t156 · r3 · c11 · span 782617–782624
19Section 08, Regina M. BenjaminDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 199,999. Filing ↗machine: t156 · r4 · c11 · span 783674–783681
20Section 08, Denise W. WarrenDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 195,249. Filing ↗machine: t156 · r9 · c11 · span 789036–789043
21Section 08, Amy K. O'KeefeDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 54,303. Filing ↗machine: t156 · r7 · c11 · span 786899–786905
22Section 08, Charles P. HuffmanDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 39,500. Filing ↗machine: t156 · r6 · c3 · span 785302–785308
23Section 08, Jerry G. Canada JrDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, Jerry G. Canada, JrDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Andris UpitisDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, David A. DyeDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, Christopher L. FowlerDEF 14A2025-03-260001193125-25-063302Section “Director Compensation”. As printed: 0. Filing ↗
28Section 06, 2025 voteForm 8-K2025-05-080001193125-25-115975Item 5.07 · say-on-pay result. As reported: 97.15% (votes for as printed: 8,769,664). Filing ↗
29Section 06, 2024 voteForm 8-K2024-05-130001193125-24-137255Item 5.07 · say-on-pay result. As reported: 83.98% (votes for as printed: 8,729,095). Filing ↗
30Section 06, 2023 voteForm 8-K2023-05-150001193125-23-144869Item 5.07 · say-on-pay result. As reported: 96.4% (votes for as printed: 11,809,111). Filing ↗
31Section 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
32Section 09b board cost (computed)ComputedcomputedCash 506,924 + equity 639,999 + all other 0 = 1,146,923, summed across the director compensation table rows.machine: formula: Σ = 1,146,923
33NextGen Healthcare, Inc., Section 10b CEO totalDEF 14A2022-07-150001193125-22-193941CEO total compensation as printed in NextGen Healthcare, Inc.'s own proxy. As printed: 15,740,135. Filing ↗machine: r2 · c30 · span 426049–426059
34National Research Corp., Section 10b CEO totalDEF 14A2026-05-080001437749-26-015775CEO total compensation as printed in National Research Corp.'s own proxy. As printed: 11,961,900. Filing ↗machine: t69 · r2 · c29 · span 454149–454159
35PROS Holdings, Inc., Section 10b CEO totalDEF 14A2025-03-280001392972-25-000049CEO total compensation as printed in PROS Holdings, Inc.'s own proxy. As printed: 9,058,301. Filing ↗machine: span 567309–567318
36Phreesia, Inc., Section 10b CEO totalDEF 14A2026-05-140001412408-26-000155CEO total compensation as printed in Phreesia, Inc.'s own proxy. As printed: 8,077,706. Filing ↗machine: span 634967–634976
37Model N, Inc., Section 10b CEO totalDEF 14A2024-01-050001118417-24-000010CEO total compensation as printed in Model N, Inc.'s own proxy. As printed: 6,877,671. Filing ↗machine: span 545217–545226
38Health Catalyst, Inc., Section 10b CEO totalDEF 14A2026-06-030001636422-26-000075CEO total compensation as printed in Health Catalyst, Inc.'s own proxy. As printed: 3,991,159. Filing ↗machine: span 702084–702093
39Accolade, Inc., Section 10b CEO totalDEF 14A2024-06-210001481646-24-000029CEO total compensation as printed in Accolade, Inc.'s own proxy. As printed: 3,823,597. Filing ↗machine: r2 · c42 · span 399607–399616
40TruBridge (subject), Section 10b CEO totalDEF 14A2025-03-260001193125-25-063302CEO total compensation as printed in TruBridge's own proxy. As printed: 2,363,761. Filing ↗machine: t102 · r2 · c29 · span 479547–479556
41CorVel Corporation, Section 10b CEO totalDEF 14A2026-06-260001193125-26-285509CEO total compensation as printed in CorVel Corporation's own proxy. As printed: 1,285,043. Filing ↗machine: span 348386–348395
42Healthstream Inc., Section 10b CEO totalDEF 14A2026-04-100001437749-26-012017CEO total compensation as printed in Healthstream Inc.'s own proxy. As printed: 868,037. Filing ↗machine: t69 · r1 · c24 · span 501227–501234
43Section 10a, NextGen Healthcare, Inc. reciprocityDEF 14A0001193125-22-193941NextGen Healthcare, Inc.'s most recent proxy was read; its disclosed peer group does not include TruBridge. Filing ↗
44Section 10a, Health Catalyst, Inc. reciprocityDEF 14A0001636422-26-000075Health Catalyst, Inc.'s most recent proxy was read; its disclosed peer group does not include TruBridge. Filing ↗
45Section 10a, Phreesia, Inc. reciprocityDEF 14A0001412408-26-000155Phreesia, Inc.'s most recent proxy was read; its disclosed peer group does not include TruBridge. Filing ↗
46Section 10a, Accolade, Inc. reciprocityDEF 14A0001481646-24-000029Accolade, Inc.'s most recent proxy was read; its disclosed peer group does not include TruBridge. Filing ↗
47Section 10a, Model N, Inc. reciprocityDEF 14A0001118417-24-000010Model N, Inc.'s most recent proxy was read; its disclosed peer group does not include TruBridge. Filing ↗
48Section 10a, PROS Holdings, Inc. reciprocityDEF 14A0001392972-25-000049PROS Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include TruBridge. Filing ↗