Chad Collins, CEO of SPS Commerce since October 2023, has an extensive background in supply chain management. He earned his Bachelor’s degree in Business Administration from the University of Wisconsin-Madison and has held key leadership positions in various companies, including...

Chad Collins, CEO of SPS Commerce since October 2023, has an extensive background in supply chain management. He earned his Bachelor’s degree in Business Administration from the University of Wisconsin-Madison and has held key leadership positions in various companies, including Körber Supply Chain, where he served as CEO of Software. Chad progressed his career through various roles, including the President and CEO of HighJump Software, a well-known supply chain software firm. His experience in these roles helps him navigate the complexities of the industry. This past fiscal year, 2023, Chad’s total compensation amounted to about $6.75 million. This includes a base salary of $121,000, a cash bonus of $131,250, and a substantial stock award valued at around $6.5 million. He demonstrates active involvement in the company's success with personal investments in the company's stock, reflecting very positive fluctuations, such as a should-have banged-up increase to 12.29 million by July 2024. Chad's leadership is pivotal for SPS Commerce as the company continues to expand.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other SPS Commerce CEOs

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Chad Collins

CEO of SPS Commerce

Education

Bachelor's degree in Business Administration from the University of Wisconsin-Madison.

Sector of Economy

Technology

Born

January 1, 1976 - 49 years ago

CEO of SPS Commerce for

1 year 7 months (Oct 2023 - Present)

Previous Experience

Chief Executive Officer of Körber Supply Chain since August 2017. Previously held various roles at HighJump Software and Accellos, Inc.

Rivals

Competitors/colleagues of Chad Collins

Holdings

See how much did Chad Collins make over time.

Chad Collins has demonstrated a strong commitment to SPS Commerce through significant insider holdings which have seen substantial growth. As of early 2024, his stock holdings increased from approximately $6.85 million in November 2023 to around $12.29 million by July...

Chad Collins has demonstrated a strong commitment to SPS Commerce through significant insider holdings which have seen substantial growth. As of early 2024, his stock holdings increased from approximately $6.85 million in November 2023 to around $12.29 million by July 2024. This spike reflects his confidence in the company’s trajectory and his own leadership role in driving its success. Notably, the value of his holdings peaked between March and May 2024, highlighting the steady growth of SPS Commerce during this period. Chad’s investment in the company aligns his personal interests with those of shareholders, showcasing his confidence and belief in SPS Commerce's ongoing engagement and innovation within the sector. His financial stake in the company shows an upward trend representing his increasing wealth tied directly to the company's performance, a strong indicator of his commitment to EPS growth.

Total Stock Sold

$1.17M

SPSC

$1.17M

6,839 SPSC shares

What if they kept their stock?

If Chad Collins didn't sell their stock, today they would have:
Extra SPSC6,839 shares worth $408.22K.
This is -65.14% and $762.69K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Chad Collins.

SPSC

$1.16M

SPSC at $168.97/share

Nov 5, 2024

Sale

SPSC

21,450 shares

SPSC

Feb 15, 2024

Received

SPSC

39,835 shares

SPSC

Nov 2, 2023

Received

Compensation History

See how much did Chad Collins make over time.

Chad Collins received a total compensation package of about $6.75 million for the fiscal year 2023. This includes a base salary of $121,000, a cash bonus of $131,250 linked to performance metrics, and significant stock awards valued at approximately $6.5 million. The compensation strategy emphasizes performance-based rewards tied to the company’s financial results, such as revenue and Adjusted EBITDA. Chad also benefits from an executive severance agreement that offers him added security, confirming his standing within the company. His background in delivering actionable insights and leading businesses towards growth is expected to reflect positively in his role at SPS Commerce.

Year

2023

Total Compensation

$7.97M

Salary

$121.00K

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with company performance and stockholder interests.

Bonus

$131.25K

Board Justification

A cash bonus payment in the amount of $131,250, payable on the same date as the payouts under the Company’s Management Incentive Plan for fiscal year 2023.

Other

$0.00

Board Justification

No other compensation was reported for 2023.

Restricted Stock

$7.72M(39.84K RSU)

Board Justification

RSUs granted on November 2, 2023, vesting as to one-fourth on the first anniversary and the remaining pro-rata over the following 36 months.

Performance Metrics

The performance metrics include revenue and Adjusted EBITDA targets.

Other SPS Commerce CEOs

Here are other CEOs of SPS Commerce

Archie Black

Ex-CEO of SPS Commerce

February 2013 - October 2023