In 2023, Gleb Budman earned $614.19K in total compensation at Backblaze, Inc., including $525.00K salary and $79.29K in stock. Most recently sold 23,216 shares in Aug 2024. Currently holds stock worth $10.46M. Has led Backblaze, Inc. for over 18 years.
Compensation History
Annual executive compensation data for Gleb Budman, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$614.19K
Salary
$525.00K
Bonus
$0.00
Other
$9.90K
Salary
$525.00KBoard Justification
The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, with a focus on incentivizing and rewarding eligible employees based on financial metrics and individual performance.
Bonus
$0.00Board Justification
In 2023, the actual achievement with respect to the financial performance metrics for the annual bonus plan was 150%, but no cash bonus was reported for Mr. Budman.
Other Compensation
$9.90KBoard Justification
Reflects the Company’s contributions under the safe harbor provisions of our 401(k) Plan generally available to all employees as a percentage of cash compensation.
Restricted Stock
Board Justification
The RSU awards for 2023 includes the payout from the Company’s 2023 annual bonus plan, which was paid in the form of fully vested RSUs, but the specific number of shares vested is not disclosed.
Performance Metrics
The performance metrics for the CEO's compensation in 2023 were based on revenue and adjusted EBITDA.
Gleb Budman
Founder and CEO of Backblaze, Inc.
Education
M.B.A. and B.S. in Mechanical Engineering from the University of California, Berkeley
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Technology
Born
January 1, 1974 - 51 years ago
CEO of Backblaze, Inc. for
18 years 11 months (Jan 2007 - Present)
Previous Experience
Various senior roles at SonicWall, Inc., MailFrontier, Inc. (acquired by SonicWall, Inc.) and Kendara, Inc. (acquired by Excite@Home, Inc.)
Holdings
Track Gleb Budman's stock holdings and portfolio value over time.
Total Stock Sold
$5.08M
$5.08M
792,740 BLZE shares
What if they kept their stock?
If Gleb Budman didn't sell their stock, today they would have:
Extra BLZE792,740 shares worth $3.96M.
This is -22.06% and $1.12M less than what they got when they sold the stock.
Insider Trading
Gleb Budman's recent stock transactions, purchases, and sales filed with the SEC.
$147.11K
BLZE at $6.34/share
Aug 21, 2024
Sale
475,720 shares
BLZE
Aug 10, 2024
Received
$1.62M
BLZE at $10.78/share
Feb 21, 2024
Sale
$32.56K
BLZE at $11.49/share
Feb 16, 2024
Sale
$79.28K
BLZE at $11.83/share
Feb 16, 2024
Received
$226.52K
BLZE at $5.39/share
Jul 12, 2023
Sale
$180.32K
BLZE at $4.29/share
Jun 20, 2023
Sale
$107.77K
BLZE at $4.15/share
May 25, 2023
Sale
$24.94K
BLZE at $4.16/share
May 8, 2023
Sale
$24.34K
BLZE at $4.06/share
May 3, 2023
Sale
Rivals
Compare Gleb Budman with competitor CEOs and industry peers.