HealthEquity Executive Compensation (FY26)
HQY · Draper, UT · Executive and director compensation, fiscal 2023 to 2026
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Data as of September 7, 2026Latest filing (8-K): June 26, 2026
14 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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293 figures on this page: 282 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Cutler: $8,277,080 → $13,582,105 (64.1% higher)
CEO pay ratio: 151:1 → 174:1 (15.2% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is HealthEquity's chief executive and what were they paid?
Scott Cutler was paid $13,582,105 in total compensation as President and Chief Executive Officer for fiscal 2026. Cutler's total was 64.1% higher than the $8,277,080 reported for fiscal 2024.
What was HealthEquity's say-on-pay result?
For fiscal 2026, shareholders backed the say-on-pay proposal with 97.6% of votes cast for or against in favor at the meeting held June 25, 2026.
Which companies are in HealthEquity's peer group?
Companies named in the disclosed peer group include ACI Worldwide, Inc., Alight, Inc., BlackBaud, Inc., CorVel Corporation and Dayforce, Inc., among others.
What is HealthEquity's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2026 is 174:1, against median employee compensation of $77,904.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jon Kessler President & Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Elimelech Rosner Executive Vice President and Chief Technology Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Edward Bloomberg Former Executive Vice President and Chief Operating Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Tyson Murdock Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Larry Trittschuh Executive Vice President and Chief Security Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stephen Neeleman Founder and Vice Chairman | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jon Kessler Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Cutler President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Fiore Executive Vice President and Chief Commercial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Lucania Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Elimelech Rosner Executive Vice President and Chief Technology Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Selim Aissi Former Executive Vice President and Chief Security Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stephen Neeleman Founder and Vice Chairman | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Delano Ladd Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2026
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Scott Cutler President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Lucania Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Elimelech Rosner Former Executive Vice President and Chief Technology Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Fiore Executive Vice President and Chief Commercial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Delano Ladd Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stephen Neeleman Founder and Vice Chairman | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
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 2026
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Delano Ladd | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Delano Ladd | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Elimelech Rosner | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Elimelech Rosner | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| James Lucania | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| James Lucania | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Michael Fiore | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Michael Fiore | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Scott Cutler | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Scott Cutler | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Stephen Neeleman | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Stephen Neeleman | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2023, 2024 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 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Delano Ladd | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Elimelech Rosner | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| James Lucania | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Stephen Neeleman | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Fiore | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Scott Cutler | RSU | ◇ | ◇ | — | — |
| 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.
Elimelech Rosner
Former Executive Vice President and Chief Technology Officer · Employment agreement · citing a 2023 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2026
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Robert Selander Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Adrian Dillon | ◇ | ◇ | — | — | — | — | ◇ |
Stuart Parker | ◇ | ◇ | — | — | — | ◇ | ◇ |
Evelyn Dilsaver | ◇ | ◇ | — | — | — | ◇ | ◇ |
Debra McCowan | ◇ | ◇ | — | — | — | — | ◇ |
Gayle Wellborn | ◇ | ◇ | — | — | — | — | ◇ |
Rajesh Natarajan | ◇ | ◇ | — | — | — | — | ◇ |
Paul Black | ◇ | — | — | — | — | — | ◇ |
William Gassen, Scott Cutler and Stephen Neeleman served on the board in fiscal 2026 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 | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
- ACI Worldwide, Inc. ACIW
- Alight, Inc. ALIT
- BlackBaud, Inc. BLKB
- CorVel Corporation CRVL
- Dayforce, Inc. DAY
- Envestnet, Inc. ENV
- Evolent Health, Inc. EVH
- Guidewire Software Inc. GWRE
- Omnicell, Inc. OMCL
- Paycom Software, Inc. PAYC
- Paycor HCM, Inc. PYCR
- Paylocity Holding Corporation PCTY
- Pegasystems, Inc. PEGA
- Progyny, Inc. PGNY
- Tyler Technologies, Inc. TYL
- Verint Systems Inc. VRNT
- WEX Inc. WEX
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2026 | June 25, 2026 | = | ◇ | ◇ | ◇ |
| 2025 | June 26, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | June 26, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 27, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 22, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 23, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 24, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 25, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 27, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 21, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 22, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact HealthEquity disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where HealthEquity 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 — $1,200Realizable 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 IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
293 figures on this page: 282 cited to the filing that reported them, 11 calculated from figures it prints.
282 cited to the filing
11 calculated from the filing
Documents cited
- 0001428336-26-000034
- 0001428336-26-000022CEO Pay Ratio · Director Compensation · Fiscal 2026 Director Compensation Table · Fiscal 2026 Grant of Plan-Based Awards Table · and 3 more sections
- 0001428336-25-000024
- 0001428336-25-000016Summary Compensation Table
- 0001428336-24-000048
- 0001428336-23-000026Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-23-059479Summary Compensation Table
- 0001428336-22-000020Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001428336-21-000029Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001428336-20-000021Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001428336-19-000015Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001428336-18-000019Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001428336-17-000018Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001428336-23-000014EX-10.11
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “HealthEquity executive compensation, FY2023–FY2026.” https://intel.velarion.ai/comp/HQY (accessed 2026).
Short form: data: Velarion
The HealthEquity 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.
14 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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Peers HealthEquity discloses
The companies named in HQY's own disclosed peer group.
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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}
}