Smartsheet Management

Management criteria checks 3/4

Smartsheet's CEO is Mark Mader, appointed in Jan 2006, has a tenure of 18.25 years. total yearly compensation is $14.36M, comprised of 3.8% salary and 96.2% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth €27.55M. The average tenure of the management team and the board of directors is 2.9 years and 6.6 years respectively.

Key information

Mark Mader

Chief executive officer

US$14.4m

Total compensation

CEO salary percentage	3.8%
CEO tenure	18.3yrs
CEO ownership	0.6%
Management average tenure	2.9yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Mader's remuneration changed compared to Smartsheet's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	-US$105m
Oct 31 2023	n/a	n/a	-US$138m
Jul 31 2023	n/a	n/a	-US$146m
Apr 30 2023	n/a	n/a	-US$175m
Jan 31 2023	US$14m	US$540k	-US$216m
Oct 31 2022	n/a	n/a	-US$226m
Jul 31 2022	n/a	n/a	-US$223m
Apr 30 2022	n/a	n/a	-US$204m
Jan 31 2022	US$16m	US$462k	-US$171m
Oct 31 2021	n/a	n/a	-US$147m
Jul 31 2021	n/a	n/a	-US$142m
Apr 30 2021	n/a	n/a	-US$124m
Jan 31 2021	US$6m	US$440k	-US$115m
Oct 31 2020	n/a	n/a	-US$114m
Jul 31 2020	n/a	n/a	-US$111m
Apr 30 2020	n/a	n/a	-US$104m
Jan 31 2020	US$5m	US$400k	-US$96m
Oct 31 2019	n/a	n/a	-US$79m
Jul 31 2019	n/a	n/a	-US$66m
Apr 30 2019	n/a	n/a	-US$59m
Jan 31 2019	US$2m	US$350k	-US$54m
Oct 31 2018	n/a	n/a	-US$51m
Jul 31 2018	n/a	n/a	-US$46m
Apr 30 2018	n/a	n/a	-US$61m
Jan 31 2018	US$2m	US$325k	-US$54m

Compensation vs Market: Mark's total compensation ($USD14.36M) is above average for companies of similar size in the German market ($USD3.35M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Mader (52 yo)

18.3yrs

Tenure

US$14,359,147

Compensation

Mr. Mark P. Mader is a Director at Zoominfo Technologies LLC and Zoom Information, Inc. He serves as an Outside Independent Director at ZoomInfo Technologies Inc. since February 2020. He served as a member...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Mader	President	18.3yrs	US$14.36m	0.56% $ 27.6m
Brent Frei	Co-Founder & Independent Director	19.3yrs	US$188.43k	1.55% $ 76.3m
Pete Godbole	CFO & Treasurer	3.3yrs	US$5.73m	0.032% $ 1.6m
Stephen Branstetter	Chief Operating Officer	2.4yrs	US$3.59m	0.049% $ 2.4m
Michael Arntz	Advisor	less than a year	US$4.68m	0.0092% $ 456.6k
Praerit Garg	President of Product & Innovation	2.4yrs	US$5.29m	0.099% $ 4.9m
Eric Browne	Co-Founder & VP of Product Management	19.3yrs	no data	no data
John Creason	Co-Founder	19.3yrs	no data	no data
Aaron Turner	VP of Investor Relations & Treasurer	no data	no data	no data
Jolene Marshall	Chief Legal Officer & Secretary	2.4yrs	US$4.02m	0.012% $ 595.3k
Brian Harper	Vice President of Development	no data	no data	no data
Jo Deal	Chief People Officer	no data	no data	no data

2.9yrs

Average Tenure

52yo

Average Age

Experienced Management: 3SE's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Mader	President	18.3yrs	US$14.36m	0.56% $ 27.6m
Brent Frei	Co-Founder & Independent Director	19.3yrs	US$188.43k	1.55% $ 76.3m
Matthew McIlwain	Independent Director	16.9yrs	US$195.93k	0.092% $ 4.6m
Magdalena Yesil	Independent Director	6.8yrs	US$198.93k	0.021% $ 1.0m
James White	Independent Director	9.9yrs	US$194.93k	0.15% $ 7.2m
Geoffrey Barker	Independent Director	11.6yrs	US$210.93k	0.30% $ 14.8m
Michael Gregoire	Independent Board Chair	4.3yrs	US$188.43k	0.015% $ 734.9k
Peter Chiarelli	Chairman of the Federal Advisory Board	3.8yrs	no data	no data
Elena Gomez	Independent Director	6.5yrs	US$200.93k	0.023% $ 1.1m
Jerry Davis	Member of Federal Advisory Board	3.8yrs	no data	no data
Marina Nitze	Member of Federal Advisory Board	3.8yrs	no data	no data
Kathryn Condon	Member of Federal Advisory Board	3.8yrs	no data	no data

6.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 3SE's board of directors are considered experienced (6.6 years average tenure).

Smartsheet Management

Management criteria checks 3/4

Key information

Recent management updates

Smartsheet Appoints Jo Deal as Chief People Officer

Smartsheet Inc. Announces Board Changes

Smartsheet Inc. Announces Executive Changes

Independent Director recently sold €6.3m worth of stock

Insufficient new directors

Smartsheet Names Khozema Shipchandler to Board of Directors

Recent updates

Smartsheet Inc. (NYSE:SMAR) announces an Equity Buyback for $150 million worth of its shares.

Smartsheet Appoints Jo Deal as Chief People Officer

Smartsheet Inc. Announces Board Changes

Smartsheet Inc. Provides Earnings Guidance for the First Quarter and Full Fiscal Year of 2025

Full year 2024 earnings released: US$0.78 loss per share (vs US$1.66 loss in FY 2023)

Forecast to breakeven in 2027

Smartsheet Inc. Announces Executive Changes

Smartsheet Inc. to Report Q4, 2024 Results on Mar 14, 2024

Now 20% undervalued

Third quarter 2024 earnings released: US$0.24 loss per share (vs US$0.31 loss in 3Q 2023)

Smartsheet Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2024

Smartsheet Inc. to Report Q3, 2024 Results on Dec 07, 2023

Smartsheet Unveils the Next Generation of its Enterprise Work Management Platform to Unlock Customer Potential at Scale

Independent Director recently sold €6.3m worth of stock

Smartsheet Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2024

Second quarter 2024 earnings released: US$0.25 loss per share (vs US$0.48 loss in 2Q 2023)

Smartsheet Inc. to Report Q2, 2024 Results on Sep 07, 2023

Insufficient new directors

Smartsheet Announces New AI Features That Unlock the Power of the Smartsheet Platform

Smartsheet Names Khozema Shipchandler to Board of Directors

Smartsheet Inc. Names Khozema Shipchandler to Board of Directors

First quarter 2024 earnings released: US$0.23 loss per share (vs US$0.55 loss in 1Q 2023)

Now 28% undervalued after recent price drop

Smartsheet Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2024

Smartsheet Inc. to Report Q1, 2024 Results on Jun 07, 2023

Insider recently sold €350k worth of stock

Insider recently sold €461k worth of stock

Forecast to breakeven in 2026

Full year 2023 earnings released: US$1.66 loss per share (vs US$1.36 loss in FY 2022)

Smartsheet Inc. to Report Q4, 2023 Results on Mar 14, 2023

Third quarter 2023 earnings released: US$0.31 loss per share (vs US$0.29 loss in 3Q 2022)

Smartsheet Inc. Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2023

High number of new directors

Smartsheet Inc. to Report Q3, 2023 Results on Dec 01, 2022

Smartsheet Introduces Enhanced Channel Program Focused on Rewarding Partners for Deeper Platform Investments

Second quarter 2023 earnings released: US$0.48 loss per share (vs US$0.35 loss in 2Q 2022)

Smartsheet Inc. (NYSE:SMAR) acquired On Brand Investments Pty Ltd.

Smartsheet Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal Year 2023

Dennis Durkin Resigns from Board and Audit Committee of Smartsheet Inc

Smartsheet Appoints Dennis Durkin to Board of Directors and Also Serve on the Board’s Audit Committee

Smartsheet Inc. to Report Q2, 2023 Results on Sep 01, 2022

Chief Legal Officer & Secretary recently sold €137k worth of stock

Chief Legal Officer & Secretary recently sold €173k worth of stock

First quarter 2023 earnings released: US$0.55 loss per share (vs US$0.30 loss in 1Q 2022)

Smartsheet Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2023

Smartsheet Inc. to Report Q1, 2023 Results on Jun 07, 2022

Smartsheet Inc., Annual General Meeting, Jun 17, 2022

High number of new directors

Now 23% undervalued after recent price drop

Independent Director recently bought €449k worth of stock

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Smartsheet Inc. to Report Q4, 2022 Results on Mar 15, 2022

Chief Operating Officer recently bought €91k worth of stock

Insider recently sold €186k worth of stock

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Smartsheet Inc. Provides Revenue Guidance for Fourth Quarter of Fiscal Year 2022 and Full Fiscal Year 2022

Independent Director recently sold €656k worth of stock

Second quarter 2022 earnings released: US$0.35 loss per share (vs US$0.22 loss in 2Q 2021)

Smartsheet Inc. Provides Revenue Guidance for the Third Quarter and Full Year of Fiscal 2022

Independent Director recently sold €652k worth of stock

Independent Director recently sold €1.2m worth of stock

President recently sold €1.0m worth of stock

Smartsheet Introduces New Innovations and Partnerships at ENGAGE Event, Significantly Unlocking Customer Value in the Platform

Smartsheet Inc. Unveils Smartsheet Advance, A New Premium Capabilities Offering

First quarter 2022 earnings released: US$0.30 loss per share (vs US$0.23 loss in 1Q 2021)

Smartsheet Inc. Provides Financial Outlook for the Second Quarter and Full Year of Fiscal 2022

Full year 2021 earnings released: US$0.95 loss per share (vs US$0.85 loss in FY 2020)

Smartsheet Inc. Provides Financial Guidance for the First Quarter and Full Fiscal Year 2022

Smartsheet Appoints Alissa Abdullah to Board of Directors