Tech — Software
Grid Dynamics Holdings Executive Compensation (FY24)
GDYN · San Ramon, CA · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024 ◇ Leonard Livschitz | Latest say-on-pay support = November 4, 2025 |
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Data as of October 19, 2026Latest filing (8-K): December 23, 2025
6 filings cited on this page
Method: intel.velarion.ai/methodology
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Velarion Member, one year
173 figures on this page: 170 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Leonard Livschitz: $5,822,320 → $26,304,885
Say-on-pay support: 97.8% → 56.7% (41.1 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Grid Dynamics Holdings' chief executive and what were they paid?
Leonard Livschitz, Chief Executive Officer, received $26,304,885 in total compensation for fiscal 2024. Livschitz's total moved up from the $5,822,320 reported for fiscal 2023.
What was Grid Dynamics Holdings' say-on-pay result?
The say-on-pay proposal drew 56.7% of votes cast including abstentions in favor at the meeting held November 4, 2025 for fiscal 2024.
Which companies are in Grid Dynamics Holdings' peer group?
The disclosed peer group names Agilysys, Inc., American Software, Inc., BlackLine, Inc., Cognizant Technology Solutions Corp. and eGain Corporation, among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Leonard Livschitz Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Yury Gryzlov Chief Operating Officer and Chief Executive Officer of Grid Dynamics Europe | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Anil Doradla Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stan Klimoff Former Chief Strategy Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Leonard Livschitz Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Yury Gryzlov Chief Operating Officer and Chief Executive Officer of Grid Dynamics Europe | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Anil Doradla Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stan Klimoff Former Chief Strategy Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Leonard Livschitz Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Yury Gryzlov Chief Operating Officer and Chief Executive Officer of Grid Dynamics Europe | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Anil Doradla Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Anil Doradla | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Anil Doradla | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Anil Doradla | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Leonard Livschitz | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Leonard Livschitz | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Yury Gryzlov | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Yury Gryzlov | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Yury Gryzlov | Option | ◇ | — | ◇ | 5/22/2029 |
| Option | ◇ | — | ◇ | 5/22/2029 | |
| Option | ◇ | — | ◇ | 3/13/2030 | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 11/12/2028 | |
| Anil Doradla | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/13/2030 | |
| Leonard Livschitz | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Anil Doradla
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Change-in-control base | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Leonard Livschitz
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Yury Gryzlov
Chief Operating Officer and Chief Executive Officer of Grid Dynamics Europe · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Change-in-control base | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Lloyd Carney Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Eric Benhamou | ◇ | ◇ | — | — | — | — | ◇ |
Michael Southworth | ◇ | ◇ | — | — | — | — | ◇ |
Shuo Zhang | ◇ | ◇ | — | — | — | — | ◇ |
Marina Levinson | ◇ | ◇ | — | — | — | — | ◇ |
Patrick Nicolet | ◇ | ◇ | — | — | — | — | ◇ |
Weihang Wang | ◇ | ◇ | — | — | — | — | ◇ |
Yueou Wang | ◇ | ◇ | — | — | — | — | ◇ |
Leonard Livschitz served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
- Agilysys, Inc. AGYS
- American Software, Inc. AMSWA
- BlackLine, Inc. BL
- Cognizant Technology Solutions Corp. CTSH
- eGain Corporation EGAN
- Endava plc DAVA
- EPAM Systems Inc. EPAM
- Fastly, Inc. FSLY
- Information Services Group, Inc. STC
- Infosys Ltd. symbol not shown
- JFrog Ltd. FROG
- LiveRamp Holdings, Inc. RAMP
- Model N, Inc. MODN
- N-able, Inc. NABL
- PagerDuty, Inc. PD
- Progress Software Corporation PRGS
- PROS Holdings, Inc. PRO
- Qualys, Inc. QLYS
- Rapid7, Inc. RPD
- SolarWinds Corporation SWI
- TechTarget, Inc. TTGT
- The Hackett Group, Inc. HCKT
- Varonis Systems, Inc. VRNS
- Workiva Inc WK
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | November 4, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | December 23, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | December 19, 2023 | = | ◇ | ◇ | ◇ |
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- Leonard Livschitz (Chief Executive Officer), FY2024 total compensation $26,304,885 (base salary $800,000) [exec_comp, SEC accession 0001104659-25-108878, filed 2025-11-10]What this page does not include
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Peer benchmarking
Where Grid Dynamics Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Grid Dynamics Holdings recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
173 figures on this page: 170 cited to the filing that reported them, 3 calculated from figures it prints.
170 cited to the filing
3 calculated from the filing
Documents cited
- 0001104659-25-124231Proposal 3: Advisory Approval of Named Executive Officer Compensation: The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.
- 0001104659-25-1088782024 Grants of Plan-Based Awards · Compensation Discussion and Analysis · Non-Employee Director Compensation · Outstanding Equity Awards at 2024 Year-End · and 1 more section
- 0000899140-24-001376Proposal 3: Advisory Approval of Named Executive Officer Compensation: The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.
- 0001104659-24-116570Summary Compensation Table
- 0001213900-23-096926Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001213900-23-084297Summary Compensation Table
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Velarion, “Grid Dynamics Holdings executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/GDYN (accessed 2026).
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The Grid Dynamics Holdings brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
6 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Tech — Software rankings
Peers Grid Dynamics Holdings discloses
The companies named in GDYN's own disclosed peer group.
Agilysys, Inc.American Software, Inc.BlackLine, Inc.Cognizant Technology Solutions Corp.eGain CorporationEPAM Systems Inc.Fastly, Inc.Information Services Group, Inc.JFrog Ltd.LiveRamp Holdings, Inc.Model N, Inc.N-able, Inc.PagerDuty, Inc.Progress Software CorporationPROS Holdings, Inc.Qualys, Inc.Rapid7, Inc.SolarWinds CorporationTechTarget, Inc.The Hackett Group, Inc.Varonis Systems, Inc.Workiva Inc
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}