Okta Inc
For the period ended Jun 20, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 20, 2024 · Filed May 9, 2024
Contents
Pay Versus Performance Table
In accordance with SEC rules, the following table sets forth additional information concerning the compensation of our CEO (our “PEO”) and our other NEOs for the fiscal year ending January 31, 2021 (“fiscal 2021”), fiscal 2022, fiscal 2023, and fiscal 2024, and our financial and TSR performance for each such fiscal year.
The amounts below shown for compensation actually paid do not represent the aggregate value of cash and shares of common stock received by our NEOs during the fiscal year, but rather is an amount calculated in accordance with SEC rules and includes, among other things, year-over-year changes in the value of unvested equity awards. As a result of the calculation methodology required by the SEC, compensation actually paid amounts below differ from compensation actually earned, realized or received by our NEOs.
| Pay Versus Performance | ||||||||
|---|---|---|---|---|---|---|---|---|
| Year(1) · Summary Compensation Table Total for PEO (2) · Compensation Actually Paid for PEO (3) · Average Summary Compensation Table Total for Non-PEO NEOs(4) · Average Compensation Actually Paid for Non-PEO NEOs (5) · Value of Initial Fixed $100 Investment Based On: · Net Income · Company-Selected Measure: Revenue (8) | ||||||||
| Total Shareholder Return (6) · Peer Group Total Shareholder Return (7) | ||||||||
| 2024 | $30,012,225 | $30,397,098 | $7,739,145 | $7,822,230 | $65 | $219 | -$355,000,000 | $2,263,000,000 |
| 2023 | $412,190 | -$21,077,609 | $11,677,001 | -$425,392 | $57 | $146 | -$815,000,000 | $1,858,000,000 |
| 2022 | $31,820,477 | $7,266,404 | $15,547,789 | $6,358,859 | $155 | $173 | -$848,000,000 | $1,300,000,000 |
| 2021 | $12,131,012 | $188,220,074 | $5,622,552 | $54,801,184 | $202 | $137 | -$266,000,000 | $835,000,000 |
(1)The PEO and Non-PEO NEOs included in the above table consist of the following individuals:
| Fiscal Year | PEO (CEO) | Non-PEO NEOs |
| 2024 | Todd McKinnon | Brett Tighe, Shibu Ninan, Larissa Schwartz, Jon Addison |
| 2023 | Todd McKinnon | Jonathan Runyan, Brett Tighe, Susan St. Ledger, Shibu Ninan |
| 2022 | Todd McKinnon | William Losch, J. Frederic Kerrest, Jonathan Runyan, Brett Tighe, Susan St. Ledger, Michael Kourey |
| 2021 | Todd McKinnon | William Losch, J. Frederic Kerrest, Charles Race, Jonathan Runyan |
(2)Amounts reported in this column represent the total compensation reported in the Summary Compensation Table for the indicated fiscal year for our PEO.
(3)Amounts reported in this column represent the compensation actually paid to our PEO, based on his total compensation reported in the Summary Compensation Table for each of the indicated fiscal years and adjusted as shown in the table below:
| PEO | ||||||
|---|---|---|---|---|---|---|
| Fiscal 2021 · Fiscal 2022 · Fiscal 2023 · Fiscal 2024 | ||||||
| Summary Compensation Table - Total Compensation | (a) | $12,131,012 | $31,820,477 | $412,190 | $30,012,225 | |
| — | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year | (b) | $11,851,866 | $31,311,842 | $0 | $29,530,934 |
| + | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year | (c) | $24,600,742 | $18,370,703 | $0 | $25,972,540 |
| + | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years | (d) | $74,645,323 | -$6,877,916 | -$12,500,749 | $528,230 |
| + | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year | (e) | $378,989 | $0 | $0 | $2,559,648 |
| + | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | (f) | $88,315,874 | -$4,735,019 | -$8,989,050 | $855,389 |
| — | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | (g) | $0 | $0 | $0 | $0 |
| = | Compensation Actually Paid | $188,220,074 | $7,266,404 | -$21,077,609 | $30,397,098 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.