Okta Management

Management criteria checks 2/4

Okta's CEO is Todd McKinnon, appointed in Jan 2008, has a tenure of 16.83 years. total yearly compensation is $30.01M, comprised of 1% salary and 99% bonuses, including company stock and options. directly owns 3.61% of the company’s shares, worth $469.61M. The average tenure of the management team and the board of directors is 2 years and 5.9 years respectively.

Key information

Todd McKinnon

Chief executive officer

US$30.0m

Total compensation

CEO salary percentage	1.0%
CEO tenure	16.8yrs
CEO ownership	3.6%
Management average tenure	2yrs
Board average tenure	5.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Todd McKinnon's remuneration changed compared to Okta's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	n/a	n/a	-US$136m
Apr 30 2024	n/a	n/a	-US$276m
Jan 31 2024	US$30m	US$306k	-US$355m
Oct 31 2023	n/a	n/a	-US$464m
Jul 31 2023	n/a	n/a	-US$592m
Apr 30 2023	n/a	n/a	-US$691m
Jan 31 2023	US$412k	US$306k	-US$815m
Oct 31 2022	n/a	n/a	-US$903m
Jul 31 2022	n/a	n/a	-US$915m
Apr 30 2022	n/a	n/a	-US$982m
Jan 31 2022	US$32m	US$306k	-US$848m
Oct 31 2021	n/a	n/a	-US$683m
Jul 31 2021	n/a	n/a	-US$534m
Apr 30 2021	n/a	n/a	-US$318m
Jan 31 2021	US$12m	US$306k	-US$266m
Oct 31 2020	n/a	n/a	-US$241m
Jul 31 2020	n/a	n/a	-US$232m
Apr 30 2020	n/a	n/a	-US$215m
Jan 31 2020	US$9m	US$306k	-US$209m
Oct 31 2019	n/a	n/a	-US$189m
Jul 31 2019	n/a	n/a	-US$155m
Apr 30 2019	n/a	n/a	-US$152m
Jan 31 2019	US$5m	US$306k	-US$125m
Oct 31 2018	n/a	n/a	-US$118m
Jul 31 2018	n/a	n/a	-US$121m
Apr 30 2018	n/a	n/a	-US$108m
Jan 31 2018	US$417k	US$285k	-US$110m

Compensation vs Market: Todd's total compensation ($USD30.01M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.

CEO

Todd McKinnon (52 yo)

16.8yrs

Tenure

US$30,012,225

Compensation

Mr. Todd McKinnon serves as Chief Executive Officer of Okta at Auth0, Inc. since 2021. He co-founded Okta, Inc. in 2008 and has been its Chief Executive Officer since January 2009. From October 2003 to Feb...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Todd McKinnon	Co-Founder	16.8yrs	US$30.01m	3.61% $ 469.6m
Jacques Kerrest	Co-Founder & Executive Vice Chairperson	15.3yrs	US$1.93m	0.82% $ 107.1m
Brett Tighe	Chief Financial Officer	3.4yrs	US$12.71m	0.11% $ 13.7m
Shibu Ninan	Chief Accounting Officer	2.3yrs	US$1.62m	0.0044% $ 571.0k
Larissa Schwartz	Chief Legal Officer & Corporate Secretary	1.7yrs	US$9.09m	0.013% $ 1.7m
Jon Addison	Chief Revenue Officer	1.8yrs	US$7.54m	0.0086% $ 1.1m
Eugenio Pace	Co-founder & President of Business Operations	no data	no data	no data
Dave Gennarelli	Vice President of Investor Relations	no data	no data	no data
Eric Kelleher	President of Customer Experience & Communications	less than a year	no data	no data
Monty Gray	Executive Vice President of Corporate Development	6.8yrs	no data	no data
Kerry Ok	Chief Marketing Officer	less than a year	no data	no data
Vijay Rao	Chief People & Places Officer	1.8yrs	no data	no data

2.0yrs

Average Tenure

49yo

Average Age

Experienced Management: 0KB7's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Todd McKinnon	Co-Founder	15.8yrs	US$30.01m	3.61% $ 469.6m
Jacques Kerrest	Co-Founder & Executive Vice Chairperson	15.3yrs	US$1.93m	0.82% $ 107.1m
Jeffrey Epstein	Lead Independent Director	3.5yrs	US$254.05k	0.0044% $ 573.6k
Benjamin Horowitz	Independent Director	14.8yrs	US$250.05k	0.33% $ 43.2m
Shellye Archambeau	Independent Director	5.9yrs	US$240.05k	0.0052% $ 678.9k
Michael Stankey	Independent Director	7.9yrs	US$249.05k	0.014% $ 1.9m
Rebecca Saeger	Independent Director	5.8yrs	US$245.55k	0.0078% $ 1.0m
Anthony Bates	Independent Director	less than a year	no data	no data
Robert Dixon	Independent Director	5.4yrs	US$237.55k	0.0051% $ 660.7k
Emilie Choi	Independent Director	2.3yrs	US$236.14k	0.0031% $ 401.9k

5.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 0KB7's board of directors are considered experienced (5.9 years average tenure).

Okta Management

Management criteria checks 2/4

Key information

Recent management updates

Okta, Inc. Appoints Anthony Bates to Board of Directors

Insufficient new directors

Okta, Inc., Annual General Meeting, Jun 20, 2024

Okta, Inc. Announces Executive Appointments

Okta, Inc., Annual General Meeting, Jun 22, 2023

Okta, Inc. Announces Retirement of Susan St. Ledger, President, Worldwide Field Operations, Effective January 31, 2023

Recent updates

Okta, Inc. to Report Q3, 2025 Results on Dec 03, 2024

Forecast to breakeven in 2027

Second quarter 2025 earnings released: EPS: US$0.17 (vs US$0.68 loss in 2Q 2024)

Okta, Inc. Provides Earnings Guidance for the Third Quarter of Fiscal 2025 and Updates Earnings Guidance for the Full Year Fiscal 2025

Okta, Inc. to Report Q2, 2025 Results on Aug 28, 2024

Okta, Inc. Appoints Anthony Bates to Board of Directors

New minor risk - Profitability

Insufficient new directors

New minor risk - Profitability

Okta, Inc. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2025

First quarter 2025 earnings released: US$0.24 loss per share (vs US$0.74 loss in 1Q 2024)

Okta, Inc., Annual General Meeting, Jun 20, 2024

Okta, Inc. to Report Q1, 2025 Results on May 29, 2024

Now 22% undervalued

New minor risk - Share price stability

Full year 2024 earnings released: US$2.17 loss per share (vs US$5.16 loss in FY 2023)

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

New major risk - Revenue and earnings growth

Okta, Inc. to Report Q4, 2024 Results on Feb 28, 2024

Forecast to breakeven in 2027

Now 20% undervalued

Okta, Inc. (NasdaqGS:OKTA) entered into a definitive agreement to acquire Spera Cybersecurity Ltd.

Third quarter 2024 earnings released: US$0.49 loss per share (vs US$1.32 loss in 3Q 2023)

New major risk - Revenue and earnings growth

Okta, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024, Full Year Fiscal 2024 and Preliminary Guidance for Fiscal 2025

Okta, Inc. Announces Executive Appointments

Okta, Inc. to Report Q3, 2024 Results on Nov 29, 2023

New minor risk - Share price stability

Okta, Inc. (NasdaqGS:OKTA) acquired WithUno Inc.

Okta Launches Identity Threat Protection with Okta Ai for Real-Time Detection and Response

Okta, Inc. Introduces Okta AI – Securely Connecting People to Technology in the AI Era

Second quarter 2024 earnings released: US$0.68 loss per share (vs US$1.33 loss in 2Q 2023)

Okta, Inc. Provides Earnings Guidance for the Full Year Fiscal 2024

Now 20% undervalued after recent price drop

Okta, Inc. to Report Q2, 2024 Results on Aug 30, 2023

Okta, Inc. Introduces Okta Device Access to Help Organizations Mature Their Zero Trust Strategy

First quarter 2024 earnings released: US$0.74 loss per share (vs US$1.56 loss in 1Q 2023)

Okta, Inc. Provides Revenue Guidance for the Second Quarter and Full Year Fiscal 2024

Okta, Inc., Annual General Meeting, Jun 22, 2023

Full year 2023 earnings released: US$5.16 loss per share (vs US$5.73 loss in FY 2022)

Okta, Inc. to Report Q4, 2023 Results on Mar 01, 2023

Now 21% undervalued

Third quarter 2023 earnings released: US$1.32 loss per share (vs US$1.44 loss in 3Q 2022)

Okta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023

Okta, Inc. Announces Retirement of Susan St. Ledger, President, Worldwide Field Operations, Effective January 31, 2023

Okta, Inc. Introduces Okta for US Military, a Purpose-Built Identity Environment for the U.S. Department of Defense

Okta Inc. Introduces Okta Customer Identity Cloud to Help Businesses Grow User Bases Without Compromising Security

Okta, Inc. to Report Q3, 2023 Results on Nov 30, 2022

Second quarter 2023 earnings released: US$1.34 loss per share (vs US$1.83 loss in 2Q 2022)

J. Frederic Kerrest Executive Vice Chairman, Chief Operating Officer and Co-Founder Intends to Take A Sabbatical from Okta, Inc

Okta, Inc. Appoints Emilie Choi to Board of Directors

Okta, Inc. to Report Q2, 2023 Results on Aug 31, 2022

Insufficient new directors

Okta, Inc. Appoints of Shibu Ninan as Chief Accounting Officer

Portnoy Law Firm Announces Class action lawsuit filed on Okta, Inc

Insufficient new directors

First quarter 2023 earnings released: US$1.55 loss per share (vs US$0.83 loss in 1Q 2022)

Okta, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2023

Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Okta Inc

Pomerantz Law Firm Announces the Filing of A Class Action Against Okta, Inc. and Certain Officers

Okta, Inc., Annual General Meeting, Jun 21, 2022

Okta, Inc. to Report Q1, 2023 Results on Jun 02, 2022

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

Okta, Inc. Provides Revenue Guidance for the First Quarter and Full Year of Fiscal 2023

Okta, Inc. to Report Q4, 2022 Results on Mar 02, 2022

Okta, Inc. Appoints Brett Tighe as Chief Financial Officer

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

Okta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Fiscal 2022

Chief Accounting Officer recently sold US$245k worth of stock