OneSpan Inc.
For the period ended Jun 7, 2024. Filed Apr 23, 2024.
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Jun 7, 2024 · Filed Apr 23, 2024
OSPN$21.59-1.4%Stored close · as of Nov 6, 2026
Contents
Summary Compensation Table
2023 SUMMARY COMPENSATION TABLE
The following table provides selected information concerning compensation during the fiscal years ended December 31, 2023, 2022 and 2021 for services in all capacities to OneSpan by the NEOs.
| Name and Principal Position | Year | Salary (1) | Bonus | StockAwards (2) | Non-EquityIncentive PlanCompensation (3) | All OtherCompensation (4) | Total |
|---|---|---|---|---|---|---|---|
| Matthew Moynahan | |||||||
| Former President and Chief Executive Officer | 2023 | $575,000 | $— | $7,866,015 | $— | $89,200 | $8,530,215 |
| 2022 | $500,000 | $— | $2,500,000 | $546,286 | $7,744 | $3,554,030 | |
| 2021 | $45,513 | $— | $7,065,625 | $— | $69 | $7,111,207 | |
| Jorge Martell | |||||||
| Chief Financial Officer | 2023 | $403,862 | $— | $1,000,010 | $3,000 | $804 | $1,407,676 |
| 2022 | $133,333 | $— | $1,500,000 | $90,279 | $80 | $1,723,692 | |
| Lara Mataac | |||||||
| General Counsel | 2023 | $342,779 | $— | $600,003 | $15,000 | $10,716 | $968,498 |
| 2022 | $182,558 | $— | $600,000 | $99,274 | $2,054 | $883,886 | |
| (1) | Salary represents base salary earned in the fiscal year indicated. |
| (2) | The amounts reflected represent the aggregate grant date fair value of awards computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation—Stock Compensation (“FASB ASC Topic 718”) and are based on the probable outcome of the performance conditions with respect to PSUs. Please see Note 15 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for more information about our stock-based compensation. Assuming the highest level of performance had been achieved for all PSUs granted to the NEOs in 2023 (which represent approximately $6.1 million of the grant date fair value shown above for Mr. Moynahan, $0.75 million of the grant date fair value for Mr. Martell, and $0.45 million of the grant date fair value for Ms. Mataac), the maximum grant date fair value of such PSUs would have been as follows: Mr. Moynahan – $6,662,881; Mr. Martell – $1,078,145; and Ms. Mataac – $646,884. |
| (3) | Amounts reported in this column for 2023 represent annual cash incentive payments with respect to the fiscal year ended December 31, 2023, as described above in “Compensation Discussion and Analysis” in the “Annual Cash Incentive Compensation” section. Mr. Martell declined his $3,000 annual cash incentive payment and allocated the amount to other members of the finance organization. |
| (4) | The NEOs’ “All Other Compensation” for 2023 consisted of: |
| • | Mr. Moynahan: A payment of $60,000 under the 2023 MIP in connection with the termination of his employment (see "Potential Payments Upon Termination or Change in Control" for additional information), Company matching 401(k) contributions of $11,550, $804 in life insurance premium payments made by the Company, $13,372 associated with bringing a personal guest to the 2023 Company’s President’s Club event (an event recognizing the Company’s top salespeople during 2022), and a $3,474 tax gross-up for imputed income related to the President's Club event. |
| • | Mr. Martell: $804 in life insurance premium payments made by the Company. |
| • | Ms. Mataac: Company matching 401(k) contributions of $9,912 and $804 in imputed income from life insurance premium payments made by the Company. |
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