Corey Thomas is the CEO of Rapid7, Inc., where he has been steering the company since 2014. With a background in technology, he holds a B.S. in Computer Science from the University of Massachusetts Amherst and an M.B.A. from Harvard...

Corey Thomas is the CEO of Rapid7, Inc., where he has been steering the company since 2014. With a background in technology, he holds a B.S. in Computer Science from the University of Massachusetts Amherst and an M.B.A. from Harvard Business School. Thomas has effectively led Rapid7 through a significant growth period, focusing on enhancing cybersecurity solutions. In 2023, his total compensation was about $448,145, which includes a salary of $443,000 and a performance bonus that reflects the company's achievements against set goals. Interestingly, his bonus this year was lower than in previous years, indicating a potential shift in corporate performance metrics. Corey’s stock holdings were substantial when he received a vesting of 121,504 restricted stock units in 2022, worth over $8.5 million at the time. His compensation strategy aligns with the company’s performance, promoting long-term value creation. In addition, he is active in ensuring the company maintains a strong insider trading policy, showing he values ethical practices in business. This focus on responsible leadership and corporate growth demonstrates his commitment to both the company and its shareholders.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Corey Thomas

CEO of Rapid7

Education

B.E. in electrical engineering and computer science from Vanderbilt University and an M.B.A. from Harvard Business School.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

October 1, 1976 - 48 years ago

CEO of Rapid7 for

12 years 8 months (Oct 2012 - Present)

Previous Experience

Held various roles at Rapid7, including serving as Chief Operating Officer.

Rivals

Competitors/colleagues of Corey Thomas

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Guy Melamed

CEO of Varonis Systems

2023 Compensation

Stock

$3.84M

Salary

$400.00K

Bonus

$0.00

Other

$167.73K

Total Holdings

$24.59M

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Yakov Faitelson

Founder and CEO of Varonis Systems

2023 Compensation

Stock

$10.31M

Salary

$560.00K

Bonus

$0.00

Other

$24.92K

Total Holdings

$79.39M

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Sumedh Thakar

CEO of Qualys, Inc.

2023 Compensation

Stock

$6.93M

Salary

$558.33K

Bonus

$283.80K

Other

$9.61K

Total Holdings

$41.17M

Holdings

See how much did Corey Thomas make over time.

Corey Thomas has had notable fluctuations in his stock holdings over the years. For instance, in 2022, he had more than 121,000 restricted stock units that vested, with those shares valued at approximately $8.5 million. However, it’s important to note...

Corey Thomas has had notable fluctuations in his stock holdings over the years. For instance, in 2022, he had more than 121,000 restricted stock units that vested, with those shares valued at approximately $8.5 million. However, it’s important to note that he saw a shift in his holdings, as the equity he held shifted in value from highs in previous years. In 2023, the vesting shares were significantly fewer at 7,397, reflecting a lower stock compensation compared to before. His current total compensation includes a large stock portion, aligning his financial interests with the company's success. This means that the value of his holdings is closely tied to the health of Rapid7 and its stock performance, illustrating the risk-reward nature of being a CEO.

Mar 18, 2025

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shares

LPLA @ $326.30

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shares

RPD @ $29.05

Total Stock Sold

$84.71M

RPD

$84.71M

1,511,986 RPD shares

What if they kept their stock?

If Corey Thomas didn't sell their stock, today they would have:
Extra RPD1,511,986 shares worth $73.73M.
This is -12.96% and $10.98M less than what they got when they sold the stock.

Charitable Transactions

RPD

489,107 shares

RPD

Recent Charitable Transactions

RPD

38,835 shares

RPD

Nov 22, 2023

Charity

RPD

250,272 shares

RPD

Feb 2, 2021

Charity

RPD

200,000 shares

RPD

Aug 15, 2016

Charity

Insider Trading

See recent insider trades of Corey Thomas.

RPD

214,094 shares

RPD

Feb 14, 2025

Received

RPD

$3.94M

RPD at $39.38/share

Jan 21, 2025

Sale

RPD

$2.01M

RPD at $40.18/share

Jan 2, 2025

Sale

RPD

$2.65M

RPD at $53.07/share

Mar 13, 2024

Sale

RPD

82,933 shares

RPD

Feb 15, 2024

Received

RPD

38,835 shares

RPD

Nov 22, 2023

Charity

RPD

40,838 shares

RPD

Feb 15, 2023

Received

RPD

$1.52M

RPD at $36.52/share

Dec 16, 2022

Sale

RPD

$3.13M

RPD at $37.62/share

Dec 14, 2022

Sale

RPD

$3.63M

RPD at $29.10/share

Nov 16, 2022

Sale

Compensation History

See how much did Corey Thomas make over time.

For 2023, Corey Thomas earned a total compensation of about $448,145. His salary remained steady at $443,000 but his annual bonus was contingent on performance metrics, leading to a lower payout than in past years. The bonus was based on company performance in key financial areas, only reaching 70% of the target this time. In 2022, he didn't receive a bonus due to unmet performance goals, which shows a strong link between his compensation and the company's success. His compensation structure emphasizes long-term performance, aligning with shareholders’ interests by rewarding consistent results over quick wins. This way of structuring pay keeps him accountable for the company's trajectory and encourages sustainable growth.

Year

2023

Total Compensation

$1.85M

Salary

$443.00K

Board Justification

The compensation program is designed to align executive compensation with company performance, emphasizing performance-based components to drive long-term value creation for stockholders.

Bonus

$446.15K

Board Justification

The annual performance bonus for 2023 was based on achieving corporate performance goals, with a payout of 70% of the target due to performance metrics not being fully met.

Other

$3.00K

Board Justification

Represents matching contributions made under the Section 401(k) plan.

Restricted Stock

$956.03K(7.4K RSU)

Board Justification

The number of fully vested restricted stock units (RSUs) awarded in lieu of cash bonus payment for performance in 2023, granted on February 15, 2024.

Performance Metrics

The performance metrics for the 2023 bonus included Non-GAAP Operating Income Margin and Annualized Recurring Revenue (ARR).