Martin J. Vanderploeg is a co-founder of Workiva, where he served as CEO from 2018 until 2023. With a solid background in mechanical engineering, he holds a Ph.D. from Michigan State University. Before Workiva, he founded Engineering Animations Inc., which...

Number of Employees

2.53K

Year

2023

Total Compensation

$8.02M

Salary

$172.50K

Board Justification

The compensation philosophy aims to attract and retain talented leadership, aligning executive compensation with company performance and stockholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded due to retirement before the bonus payout period.

Other

$1.60M

Board Justification

This includes a lump-sum cash payment of $1,380,000 related to his retirement agreement, along with accrued but unused time off and COBRA coverage.

Restricted Stock

$6.25M(67.36K RSU)

Board Justification

The stock awards that vested in 2023 were part of the annual equity grant, which included performance stock units (PSUs) that were earned based on the achievement of applicable annual revenue growth rate goals.

Performance Metrics

Performance metrics for compensation included revenue growth and non-GAAP operating loss.

SEC Filing

From April 17, 2024