Vertex, Inc.

NasdaqGM:VERX Stock Report

Market Cap: US$8.1b

Vertex Management

Management criteria checks 4/4

Vertex's CEO is David DeStefano, appointed in Nov 2016, has a tenure of 8.17 years. total yearly compensation is $7.53M, comprised of 7.8% salary and 92.2% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $43.68M. The average tenure of the management team and the board of directors is 5 years and 7.5 years respectively.

Key information

David DeStefano

Chief executive officer

US$7.5m

Total compensation

CEO salary percentage7.8%
CEO tenure8.2yrs
CEO ownership0.5%
Management average tenure5yrs
Board average tenure7.5yrs

Recent management updates

Recent updates

Vertex, Inc.'s (NASDAQ:VERX) Shares Climb 28% But Its Business Is Yet to Catch Up

Nov 22
Vertex, Inc.'s (NASDAQ:VERX) Shares Climb 28% But Its Business Is Yet to Catch Up

Vertex, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 09
Vertex, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

There's Been No Shortage Of Growth Recently For Vertex's (NASDAQ:VERX) Returns On Capital

Oct 24
There's Been No Shortage Of Growth Recently For Vertex's (NASDAQ:VERX) Returns On Capital

Vertex, Inc.: Growth Momentum Continues With FCF Conversion Rates Inflecting Upwards

Aug 21

Vertex's (NASDAQ:VERX) Performance Is Even Better Than Its Earnings Suggest

Aug 14
Vertex's (NASDAQ:VERX) Performance Is Even Better Than Its Earnings Suggest

Calculating The Intrinsic Value Of Vertex, Inc. (NASDAQ:VERX)

Aug 02
Calculating The Intrinsic Value Of Vertex, Inc. (NASDAQ:VERX)

Pinning Down Vertex, Inc.'s (NASDAQ:VERX) P/S Is Difficult Right Now

Jun 10
Pinning Down Vertex, Inc.'s (NASDAQ:VERX) P/S Is Difficult Right Now

Health Check: How Prudently Does Vertex (NASDAQ:VERX) Use Debt?

Apr 18
Health Check: How Prudently Does Vertex (NASDAQ:VERX) Use Debt?

Vertex: EPS Better Than Expected, Cloud Offerings, And Cheap

Mar 19

Vertex Growth Remains Challenged Despite Integration Push

Oct 01

Vertex: A Valuation Re-Rating Play Of A Non-Discretionary Business

Aug 27

Vertex reports Q2 earnings; raises FY22 revenue guidance and issues Q3 outlook

Aug 09

CEO Compensation Analysis

How has David DeStefano's remuneration changed compared to Vertex's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$30m

Jun 30 2024n/an/a

US$20m

Mar 31 2024n/an/a

US$8m

Dec 31 2023US$8mUS$590k

-US$13m

Sep 30 2023n/an/a

-US$34m

Jun 30 2023n/an/a

-US$31m

Mar 31 2023n/an/a

-US$30m

Dec 31 2022US$7mUS$572k

-US$12m

Sep 30 2022n/an/a

-US$8m

Jun 30 2022n/an/a

-US$10m

Mar 31 2022n/an/a

-US$4m

Dec 31 2021US$7mUS$572k

-US$1m

Sep 30 2021n/an/a

US$3m

Jun 30 2021n/an/a

-US$14m

Mar 31 2021n/an/a

-US$44m

Dec 31 2020US$6mUS$592k

-US$75m

Sep 30 2020n/an/a

-US$74m

Jun 30 2020n/an/a

-US$42m

Mar 31 2020n/an/a

-US$5m

Dec 31 2019US$1mUS$530k

US$31m

Compensation vs Market: David's total compensation ($USD7.53M) is about average for companies of similar size in the US market ($USD7.98M).

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

CEO

David DeStefano (61 yo)

8.2yrs

Tenure

US$7,531,591

Compensation

Mr. David DeStefano is the Chief Executive Officer of Vertex Inc. since November 2, 2016 and also serves as its President since November 2016 and has been Director since 2016. He serves as the Chairman of...

Leadership Team

NamePositionTenureCompensationOwnership
David DeStefano
CEO, President & Chairman of the Board8.2yrsUS$7.53m0.54%
$ 43.7m
Amanda Radcliffe
Co-Owner & Independent Directorno dataUS$248.01k21.33%
$ 1.7b
Stefanie Thompson
Co-Owner & Independent Directorno dataUS$242.01k21.15%
$ 1.7b
John Schwab
Chief Financial Officer5yrsUS$2.70m0.034%
$ 2.8m
Bryan T. Rowland
Senior VP7.4yrsUS$904.01k0%
$ 0
Ray Westphal
Founderno datano datano data
Steven Hinckley
Chief Operating Officer5yrsno datano data
Ryan Leib
Chief Accounting Officerless than a yearno datano data
Salvatore Visca
Chief Technology Officer3.8yrsno datano data
Ben Askin
Chief Information Officer5yrsno datano data
Joseph Crivelli
Vice President of Investor Relationsno datano datano data
Jeff Foucher
Chief Marketing Officer7.4yrsno datano data

5.0yrs

Average Tenure

56yo

Average Age

Experienced Management: VERX's management team is seasoned and experienced (5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David DeStefano
CEO, President & Chairman of the Board9yrsUS$7.53m0.54%
$ 43.7m
Amanda Radcliffe
Co-Owner & Independent Director32yrsUS$248.01k21.33%
$ 1.7b
Stefanie Thompson
Co-Owner & Independent Directorno dataUS$242.01k21.15%
$ 1.7b
Eric Andersen
Lead Independent Director17yrsUS$283.01k0.053%
$ 4.3m
J. Stamm
Independent Director6yrsUS$269.51k0.0075%
$ 608.1k
Philip Saunders
Independent Director2.6yrsUS$259.51k0.019%
$ 1.5m
Bradley Gayton
Independent Director3.7yrsUS$255.51k0.024%
$ 2.0m

7.5yrs

Average Tenure

61yo

Average Age

Experienced Board: VERX's board of directors are considered experienced (7.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 00:25
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vertex, Inc. is covered by 18 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Andrew DeGasperiBerenberg
Daniel JesterBMO Capital Markets Equity Research