Vertex Management
Management criteria checks 4/4
Vertex's CEO is David DeStefano, appointed in Nov 2016, has a tenure of 7.5 years. total yearly compensation is $7.00M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth $20.98M. The average tenure of the management team and the board of directors is 4.3 years and 8.3 years respectively.
Key information
David DeStefano
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 8.2% |
| CEO tenure | 7.5yrs |
| CEO ownership | 0.5% |
| Management average tenure | 4.3yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
Health Check: How Prudently Does Vertex (NASDAQ:VERX) Use Debt?
Apr 18
Vertex: EPS Better Than Expected, Cloud Offerings, And Cheap
Mar 19A Look At The Fair Value Of Vertex, Inc. (NASDAQ:VERX)
Nov 13An Intrinsic Calculation For Vertex, Inc. (NASDAQ:VERX) Suggests It's 30% Undervalued
Aug 14Vertex, Inc. (NASDAQ:VERX) Investors Are Less Pessimistic Than Expected
May 22Calculating The Intrinsic Value Of Vertex, Inc. (NASDAQ:VERX)
Apr 09Vertex, Inc. (NASDAQ:VERX) Shares Could Be 21% Below Their Intrinsic Value Estimate
Dec 29Vertex Growth Remains Challenged Despite Integration Push
Oct 01Is Vertex, Inc. (NASDAQ:VERX) Trading At A 34% Discount?
Aug 31Vertex: A Valuation Re-Rating Play Of A Non-Discretionary Business
Aug 27Vertex reports Q2 earnings; raises FY22 revenue guidance and issues Q3 outlook
Aug 09There's Been No Shortage Of Growth Recently For Vertex's (NASDAQ:VERX) Returns On Capital
Jul 30Calculating The Intrinsic Value Of Vertex, Inc. (NASDAQ:VERX)
May 05Vertex: Nothing Too Special
Apr 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$8m |
| Dec 31 2023 | n/a | n/a | -US$13m |
| Sep 30 2023 | n/a | n/a | -US$34m |
| Jun 30 2023 | n/a | n/a | -US$31m |
| Mar 31 2023 | n/a | n/a | -US$30m |
| Dec 31 2022 | US$7m | US$572k | -US$12m |
| Sep 30 2022 | n/a | n/a | -US$8m |
| Jun 30 2022 | n/a | n/a | -US$10m |
| Mar 31 2022 | n/a | n/a | -US$4m |
| Dec 31 2021 | US$7m | US$572k | -US$1m |
| Sep 30 2021 | n/a | n/a | US$3m |
| Jun 30 2021 | n/a | n/a | -US$14m |
| Mar 31 2021 | n/a | n/a | -US$44m |
| Dec 31 2020 | US$6m | US$592k | -US$75m |
| Sep 30 2020 | n/a | n/a | -US$74m |
| Jun 30 2020 | n/a | n/a | -US$42m |
| Mar 31 2020 | n/a | n/a | -US$5m |
| Dec 31 2019 | US$1m | US$530k | US$31m |
Compensation vs Market: David's total compensation ($USD7.00M) is about average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
CEO
David DeStefano (60 yo)
7.5yrs
Tenure
US$7,002,168
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chairman of the Board | 7.5yrs | US$7.00m | 0.45% $ 21.0m | |
| Co-Owner & Independent Director | no data | US$198.00k | 21.44% $ 995.2m | |
| Co-Owner & Independent Director | no data | US$192.00k | 21.26% $ 986.6m | |
| Chief Financial Officer | 4.3yrs | US$2.15m | 0.034% $ 1.6m | |
| VP, General Counsel & Secretary | 6.8yrs | US$725.37k | 0.0052% $ 239.9k | |
| Founder | no data | no data | no data | |
| Chief Operating Officer | 4.3yrs | no data | no data | |
| Chief Accounting Officer | less than a year | no data | no data | |
| Chief Technology Officer | 3.2yrs | no data | no data | |
| Chief Digital & Information Officer | 4.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 6.8yrs | no data | no data |
4.3yrs
Average Tenure
55yo
Average Age
Experienced Management: VERX's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chairman of the Board | 8.3yrs | US$7.00m | 0.45% $ 21.0m | |
| Co-Owner & Independent Director | 31.3yrs | US$198.00k | 21.44% $ 995.2m | |
| Co-Owner & Independent Director | no data | US$192.00k | 21.26% $ 986.6m | |
| Lead Independent Director | 16.3yrs | US$228.00k | 0.050% $ 2.3m | |
| Independent Director | 5.3yrs | US$218.00k | 0.010% $ 476.6k | |
| Independent Director | 9.3yrs | US$214.00k | 0.015% $ 716.1k | |
| Independent Director | 1.9yrs | US$178.71k | 0.015% $ 716.1k | |
| Independent Director | 3yrs | US$204.00k | 0.021% $ 970.4k |
8.3yrs
Average Tenure
60yo
Average Age
Experienced Board: VERX's board of directors are considered experienced (8.3 years average tenure).