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Eric Mann served as the Chief Operating Officer of Varonis Systems, Inc. from January 2016 until May 2017. He has a solid background in sales, particularly in the tech and cybersecurity fields. Before joining Varonis, he was Vice President of...

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Eric Mann

Ex-CEO of Varonis Systems

Education

Bachelor's degree in Computer Science from Queens College

Field of Expertise

Sales & Marketing - Sales

Sector of Economy

Technology

Born

January 1, 1960 - 65 years ago

CEO of Varonis Systems for

1 year 3 months (Jan 2016 - May 2017)

Previous Experience

Vice President of Americas sales at Fortinet, Inc.

Holdings

See how much did Eric Mann make over time.

Eric Mann owned 38,205 shares of Varonis stock as of March 2017. His investment primarily reflects his commitment to the company, although the level of his holdings is less than 1% of the total voting power. His ownership took shape...

Insider Trading

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VRNS

$85.00

VRNS at $0.00/share

Feb 17, 2016

Received

Compensation History

See how much did Eric Mann make over time.

In 2017, Eric Mann's total compensation as COO at Varonis was reported at $538,232. This compensation package included a base salary of $400,000 and bonuses totaling $460,000 based on individual and company performance. The stock options he received included 65,000 restricted stock units that would vest annually, which added substantial long-term value. His compensation policy was designed to align the interests of executives with the company's performance goals, focusing heavily on revenue targets and operational success. In the previous year, his total compensation had been slightly higher, showcasing a performance-based pay structure that reflects the demands of the tech industry.

Year

2017

Total Compensation

$2.70M

Salary

$400.00K

Board Justification

The compensation philosophy is to closely link executive compensation with the achievement of pre-established performance goals and to promote a culture of aligning executive interests with those of the Company and its stockholders.

Bonus

$460.00K

Board Justification

Based on company performance and individual performance, with a maximum cap of 115% of target bonus amount under the 2017 Cash Incentive Plan.

Other

$10.80K

Board Justification

Company matching contributions to the 401(k) savings plan.

Restricted Stock

$1.83M(65K RSU)

Board Justification

Restricted stock units (RSUs) that will vest annually upon the last calendar day of the month of February, beginning on February 28, 2018, subject to continued service.

Performance Metrics

Company revenue targets and individual performance metrics.