Sundar PichaiSundar Pichai earned $164M in 2023

James M. Lucania is the Chief Executive Officer and Chief Financial Officer of HealthEquity, Inc., a company known for managing health savings accounts. He holds a strong educational background with a B.S. in economics and a B.A. in music from...

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James M. Lucania

Ex-CEO of HealthEquity

Education

B.S. in economics and B.A. in music from the University of Pennsylvania; MBA from UCLA Anderson School of Management

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Healthcare

Born

January 1, 1979 - 46 years ago

CEO of HealthEquity for

1 year 6 months (Jul 2023 - Jan 2025)

Previous Experience

Chief Financial Officer of Ascensus Holdings; Chief Financial Officer of Checkpoint Systems, Inc.; various positions in finance

Holdings

See how much did James M. Lucania make over time.

James M. Lucania has made several notable stock transactions while leading HealthEquity. For instance, in March 2024, he executed a trade valued at $7.01 million, indicating strong confidence in the company's direction. Following that, in April, the value dropped slightly...

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Insider Trading

See recent insider trades of James M. Lucania.

HQY

21,952 shares

HQY

Mar 27, 2024

Received

Compensation History

See how much did James M. Lucania make over time.

In 2023, James M. Lucania's total compensation at HealthEquity was approximately $1.1 million. His salary was set at $575,000, which is pretty standard for a CEO in his field. However, he received a significant bonus of $495,938, which was based on the performance of the company. This bonus was calculated at 115% of his target bonus opportunity, showcasing that the company linked executive pay directly to its success metrics like revenue and profit. Moreover, he also had $4.9 million in vested stock from restricted stock units, meaning he’s invested in the company’s future beyond his salary and bonuses. This approach helps ensure that Lucania's interests align with those of the shareholders, a common practice in executive compensation that encourages leaders to drive long-term growth.

Year

2023

Total Compensation

$5.98M

Salary

$575.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate a talented executive team, linking compensation to performance metrics and aligning interests with stockholders.

Bonus

$495.94K

Board Justification

The annual cash bonus for the fiscal year ended January 31, 2024, based on performance metrics, was calculated at 115% of the target bonus opportunity of 75% of base salary.

Other

$4.90K

Board Justification

This amount includes employer matching contributions made to the Section 401(k) Plan and cybersecurity protection benefits.

Restricted Stock

$4.90M(64.89K RSU)

Board Justification

The stock of the CEO that vested in 2023 consists of time-based restricted stock units that vest 25% on September 6, 2024, with the remaining portion vesting ratably over the following 12 quarters.

Performance Metrics

The performance metrics for determining the compensation included revenue, Adjusted EBITDA, and new HSA sales.