Sundar PichaiSundar Pichai earned $164M in 2023

Guy Melamed has been the driving force behind Varonis Systems since he took on the roles of Chief Financial Officer in 2017 and Chief Operating Officer in 2018. With a solid background in finance, he has a Bachelor’s and Master’s...

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Guy Melamed

CEO of Varonis Systems

Education

Bachelor of Arts and Master of Science in Accounting from Boston College

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

January 1, 1980 - 45 years ago

CEO of Varonis Systems for

7 years 2 months (Feb 2018 - Present)

Previous Experience

Various finance roles with Varonis since 2011, including Vice President of Finance.

Holdings

See how much did Guy Melamed make over time.

As of 2023, Guy Melamed holds significant stakes in Varonis, with Restricted Stock Units (RSUs) vital to his wealth. In 2023, he vested 85,410 RSUs, valued at $3.8 million, reflecting a strategic alignment with company performance. His holdings demonstrate his...

Total Stock Sold

$20.84M

VRNS

$20.84M

822,416 VRNS shares

What if they kept their stock?

If Guy Melamed didn't sell their stock, today they would have:
Extra VRNS822,416 shares worth $17.13M.
This is -17.81% and $3.71M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Guy Melamed.

VRNS

87,909 shares

VRNS

Feb 3, 2025

Received

VRNS

$4.92M

VRNS at $53.89/share

Nov 13, 2024

Sale

VRNS

$9.34M

VRNS at $49.53/share

Feb 7, 2024

Sale

VRNS

58,605 shares

VRNS

Feb 7, 2024

Received

VRNS

256,230 shares

VRNS

Feb 1, 2024

Received

VRNS

85,410 shares

VRNS

Feb 28, 2023

Received

VRNS

22,187 shares

VRNS

Feb 2, 2023

Received

VRNS

$500.20K

VRNS at $20.50/share

Dec 8, 2022

Purchase

VRNS

$249.99K

VRNS at $17.50/share

Nov 3, 2022

Purchase

VRNS

57,352 shares

VRNS

Feb 10, 2022

Received

Compensation History

See how much did Guy Melamed make over time.

Guy Melamed's compensation has evolved significantly since he became Chief Financial Officer. In 2023, his total package was around $5.5 million, with $400,000 as his base salary and the remainder primarily from vested stock units (RSUs). What's notable is that no bonuses were awarded in 2023, sticking to a performance-based compensation philosophy designed to keep company leaders focused on long-term success. The RSUs awarded will vest over four years, showing a commitment to staying with the company and performing consistently. This method of aligning pay with the company's long-term goals places Melamed in a position to guide Varonis effectively while ensuring his interests are intertwined with those of the shareholders.

Year

2023

Total Compensation

$4.41M

Salary

$400.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain highly skilled executives while aligning their interests with those of the shareholders through performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as per the compensation structure.

Other

$167.73K

Board Justification

Includes company matching contributions to the 401(k) savings plan and a car allowance.

Restricted Stock

$3.84M(85.41K RSUs)

Board Justification

85,410 RSUs granted on March 2, 2023, vesting annually over four years starting February 29, 2024, subject to continued employment.

Performance Metrics

The performance metrics for the annual cash incentive plan are based on corporate performance metrics, specifically Annual Recurring Revenue (ARR) and Trailing-Twelve-Month Margin (TTM Margin).

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