Rapid7 Management

Management criteria checks 3/4

Rapid7's CEO is Corey Thomas, appointed in Oct 2012, has a tenure of 11.58 years. total yearly compensation is $8.45M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 0.94% of the company’s shares, worth €24.50M. The average tenure of the management team and the board of directors is 2.3 years and 7.8 years respectively.

Key information

Corey Thomas

Chief executive officer

US$8.4m

Total compensation

CEO salary percentage	5.2%
CEO tenure	11.6yrs
CEO ownership	0.9%
Management average tenure	2.3yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Corey Thomas's remuneration changed compared to Rapid7's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$149m
Sep 30 2023	n/a	n/a	-US$181m
Jun 30 2023	n/a	n/a	-US$133m
Mar 31 2023	n/a	n/a	-US$106m
Dec 31 2022	US$8m	US$443k	-US$125m
Sep 30 2022	n/a	n/a	-US$158m
Jun 30 2022	n/a	n/a	-US$167m
Mar 31 2022	n/a	n/a	-US$161m
Dec 31 2021	US$11m	US$443k	-US$146m
Sep 30 2021	n/a	n/a	-US$131m
Jun 30 2021	n/a	n/a	-US$118m
Mar 31 2021	n/a	n/a	-US$106m
Dec 31 2020	US$9m	US$443k	-US$99m
Sep 30 2020	n/a	n/a	-US$84m
Jun 30 2020	n/a	n/a	-US$73m
Mar 31 2020	n/a	n/a	-US$65m
Dec 31 2019	US$6m	US$375k	-US$54m
Sep 30 2019	n/a	n/a	-US$53m
Jun 30 2019	n/a	n/a	-US$50m
Mar 31 2019	n/a	n/a	-US$51m
Dec 31 2018	US$5m	US$350k	-US$56m
Sep 30 2018	n/a	n/a	-US$56m
Jun 30 2018	n/a	n/a	-US$54m
Mar 31 2018	n/a	n/a	-US$51m
Dec 31 2017	US$3m	US$350k	-US$45m

Compensation vs Market: Corey's total compensation ($USD8.45M) is above average for companies of similar size in the German market ($USD2.55M).

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

CEO

Corey Thomas (47 yo)

11.6yrs

Tenure

US$8,446,001

Compensation

Mr. Corey E. Thomas has been Chairman of Federal Reserve Bank of Boston and served as its Deputy Chairman since January 1, 2021. He served as Director of Stackwell Capital, Inc. and serves as its Member of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Corey Thomas	Chairman & CEO	11.6yrs	US$8.45m	0.94% $ 24.5m
Andrew Burton	President & COO	7.6yrs	US$8.37m	0.046% $ 1.2m
Timothy Adams	Chief Financial Officer	2.3yrs	US$12.40m	0.065% $ 1.7m
Christina Luconi	Chief People Officer	13.3yrs	US$2.62m	0.10% $ 2.6m
Scott Murphy	Senior VP & Chief Accounting Officer	less than a year	no data	no data
Raj Samani	Senior VP & Chief Scientist	2.3yrs	no data	no data
Bridget Collins	Chief Information & Business Transformation Officer	1.3yrs	no data	no data
Sunil Shah	Senior VP of Finance & VP of Investor Relations	4.3yrs	no data	no data
Raisa Litmanovich	Corporate Secretary	2.3yrs	no data	no data
Caitlin Doherty	Public Relations Manager	no data	no data	no data
Cynthia Stanton	Chief Marketing Officer	less than a year	no data	no data
Julian Waits	Senior Vice President of Business & Corporate Development	less than a year	no data	no data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: R7D's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Corey Thomas	Chairman & CEO	11.6yrs	US$8.45m	0.94% $ 24.5m
Benjamin Holzman	Independent Director	15.8yrs	US$242.61k	0.052% $ 1.4m
Judy Bruner	Independent Director	7.6yrs	US$243.23k	0.059% $ 1.5m
J. Benjamin Nye	Lead Independent Director	15.8yrs	US$269.37k	0.092% $ 2.4m
Michael Berry	Independent Director	11.5yrs	US$254.95k	0.013% $ 346.5k
Thomas Schodorf	Independent Director	7.8yrs	US$270.42k	0.039% $ 1.0m
Marc Brown	Independent Director	7.8yrs	US$270.42k	0.044% $ 1.2m
Christina Kosmowski	Independent Director	4.8yrs	US$264.95k	0.024% $ 617.2k
Reeny Sondhi	Independent Director	3.8yrs	US$243.23k	0.017% $ 433.2k

7.8yrs

Average Tenure

57yo

Average Age

Experienced Board: R7D's board of directors are considered experienced (7.8 years average tenure).

Rapid7 Management

Management criteria checks 3/4

Key information

Recent management updates

Rapid7, Inc., Annual General Meeting, Jun 13, 2024

President & COO recently sold €927k worth of stock

President & COO recently sold €1.5m worth of stock

Chief Financial Officer recently sold €813k worth of stock

Rapid7, Inc. Appoints Scott Murphy as Senior Vice President, Chief Accounting Officer, Effective on March 4, 2024

President & COO recently sold €836k worth of stock

Recent updates

Rapid7, Inc., Annual General Meeting, Jun 13, 2024

President & COO recently sold €927k worth of stock

Rapid7, Inc. to Report Q1, 2024 Results on May 07, 2024

President & COO recently sold €1.5m worth of stock

Chief Financial Officer recently sold €813k worth of stock

Full year 2023 earnings released: US$2.46 loss per share (vs US$2.13 loss in FY 2022)

Now 26% undervalued

Full year 2023 earnings released: US$2.46 loss per share (vs US$2.13 loss in FY 2022)

Forecast to breakeven in 2024

Rapid7, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Rapid7, Inc. Appoints Scott Murphy as Senior Vice President, Chief Accounting Officer, Effective on March 4, 2024

Rapid7, Inc. to Report Q4, 2023 Results on Feb 07, 2024

President & COO recently sold €836k worth of stock

President & COO recently sold €1.8m worth of stock

New minor risk - Share price stability

Third quarter 2023 earnings released: US$1.26 loss per share (vs US$0.49 loss in 3Q 2022)

Rapid7, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023

Rapid7, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Rapid7, Inc. announced that it expects to receive $250 million in funding

Rapid7, Inc. announced that it expects to receive $250 million in funding

Independent Director recently sold €501k worth of stock

Rapid7, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

Second quarter 2023 earnings released: US$1.10 loss per share (vs US$0.68 loss in 2Q 2022)

Now 22% undervalued after recent price drop

Rapid7, Inc. Announces General Availability of Executive Risk View

Rapid7, Inc. to Report Q2, 2023 Results on Aug 08, 2023

First quarter 2023 earnings released: US$0.43 loss per share (vs US$0.78 loss in 1Q 2022)

Full year 2022 earnings released: US$2.13 loss per share (vs US$2.65 loss in FY 2021)

Rapid7, Inc. Provides Earnings Guidance for the First Quarter and Full-Year 2023

Rapid7 Explores Sale

Rapid7, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Chief Financial Officer recently bought €71k worth of stock

Insufficient new directors

Rapid7, Inc. Announces Final Results of the 2022 MITRE Engenuity ATT&CK® Evaluations of Rapid7 Managed Detection and Response Services

Third quarter 2022 earnings released: US$0.49 loss per share (vs US$0.67 loss in 3Q 2021)

Rapid7 Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year 2022

Rapid7, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Second quarter 2022 earnings released: US$0.68 loss per share (vs US$0.62 loss in 2Q 2021)

Rapid7, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2022

Insufficient new directors

Rapid7, Inc. Introduces New Layered Context Capabilities for InsightCloudSec

Rapid7, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Chief Financial Officer recently bought €311k worth of stock

First quarter 2022 earnings released: US$0.78 loss per share (vs US$0.56 loss in 1Q 2021)

Rapid7, Inc. Announces Earnings Guidance for the Second Quarter and Full Year 2022

No longer forecast to breakeven

Rapid7, Inc., Annual General Meeting, Jun 09, 2022

Rapid7, Inc. to Report Q1, 2022 Results on May 04, 2022

Rapid7, Inc. Introduces Comprehensive Cloud Workload Protection for InsightCloudSec

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

No longer forecast to breakeven

Rapid7, Inc. Provides Earnings Guidance for the First Quarter and Full-Year of 2022

Third quarter 2021 earnings released: US$0.67 loss per share (vs US$0.50 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.62 loss per share (vs US$0.42 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.56 loss per share (vs US$0.46 loss in 1Q 2020)

Rapid7, Inc. Provides Revenue Guidance for the Second Quarter and Full-Year 2021

Full year 2020 earnings released: US$1.94 loss per share (vs US$1.11 loss in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: US$1.94 loss per share (vs US$1.11 loss in FY 2019)

Revenue beats expectations

New 90-day high: €76.04

Rapid7, Inc. (NasdaqGM:RPD) agreed to acquire Alcide.IO Ltd. from Elron and others for $50 million.

Rapid7, Inc. to Report Q4, 2020 Results on Feb 09, 2021

Rapid7, Inc. Announces Partnership with SCADAfence to Provide Security and Operational Technology Teams Broader and Deeper Visibility into Traditional It and Iot/Ot Devices Co-Located in Manufacturing and Critical Infrastructure Environments

New 90-day high: €63.32

New 90-day high: €57.58

Revenue beats expectations

Third quarter 2020 earnings released: US$0.50 loss per share

Rapid7, Inc. Revises Revenue Guidance for the Full Year 2020