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Manhattan Associates Executive Compensation (FY25)

MANH · Atlanta, GA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Eric Clark
Median of the other named officers
$7,187,219
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 20, 2026Latest filing (8-K): May 18, 2026
15 filings cited on this page
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Manhattan Associates brief$1,500Get the executive brief
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371 figures on this page: 360 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Eddie Capel → Eric Clark
Say-on-pay support: 91.4% → 89.5% (1.9 points lower)
CEO pay ratio: 81:1 → 121:1 (49.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Manhattan Associates' chief executive and what were they paid?
Eric Clark was paid $16,697,528 in total compensation as President and Chief Executive Officer for fiscal 2025.
What was Manhattan Associates' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 89.5% of votes cast for or against in favor at the meeting held May 14, 2026.
Which companies are in Manhattan Associates' peer group?
The disclosed peer group names ACI Worldwide, Inc., AppFolio, Inc., Aspen Technology, Inc., Blackbaud, Inc. and Commvault Systems, Inc., among others.
What is Manhattan Associates' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 121:1, against median employee compensation of $140,023.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eddie Capel
President, Chief Executive Officer, and Director
◇—◇—◇—◇◇
Dennis Story
Executive Vice President, Chief Financial Officer, and Treasurer
◇◇◇—◇—◇◇
Robert Howell
Executive Vice President, Americas
◇◇◇—◇—◇◇
Bruce Richards
Senior Vice President, Chief Legal Officer, and Secretary
◇◇◇—◇—◇◇
Linda Pinne
Senior Vice President, Global Corporate Controller, and Chief Accounting Officer
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eddie Capel
Executive Vice-Chairman of the Board; Former President and Chief Executive Officer
◇—◇—◇—◇◇
Dennis Story
Executive Vice President, Chief Financial Officer, and Treasurer
◇—◇—◇—◇◇
Robert Howell
Executive Vice President, Americas
◇—◇—◇—◇◇
J. Stewart Gantt
Executive Vice President, Professional Services
◇—◇—◇—◇◇
Bruce Richards
Senior Vice President, Chief Legal Officer, and Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eddie Capel
Executive Vice-Chairman of the Board; Former President, Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Dennis Story
Executive Vice President, Chief Financial Officer, and Treasurer
◇—◇—◇—◇◇
Robert Howell
Executive Vice President, Americas
◇—◇—◇—◇◇
J. Stewart Gantt
Executive Vice President,
◇—◇—◇—◇◇
Bruce Richards
Senior Vice President, Chief Legal Officer, and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Clark
President and Chief Executive Officer
◇◇◇—◇—◇◇
Eddie Capel
Executive Chairman of the Board; Former President and Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Robert Howell
Executive Vice President, Chief Sales Officer
◇—◇—◇—◇◇
J. Stewart Gantt
Executive Vice President, Professional Services
◇—◇—◇—◇◇
Dennis Story
Executive Vice President, Chief Financial Officer, and Treasurer
◇—◇—◇—◇◇
Bruce Richards
Senior Vice President, Chief Legal Officer, and Secretary
◇—◇—◇—◇◇
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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bruce S. RichardsRSU◇——◇——◇
Bruce S. RichardsPSU◇—◇—◇—◇
Bruce S. RichardsRSU◇——◇——◇
Bruce S. RichardsPSU◇—◇—◇—◇
Dennis B. StoryRSU◇——◇——◇
Dennis B. StoryPSU◇—◇—◇—◇
Dennis B. StoryRSU◇——◇——◇
Dennis B. StoryPSU◇—◇—◇—◇
Eddie CapelRSU◇——◇——◇
Eddie CapelPSU◇—◇—◇—◇
Eric A. ClarkRSU◇——◇——◇
Eric A. ClarkPSU◇—◇—◇—◇
Eric A. ClarkRSU◇——◇——◇
J. Stewart GanttPSU◇—◇—◇—◇
J. Stewart GanttPSU◇—◇—◇—◇
J. Stewart GanttRSU◇——◇——◇
J. Stewart GanttRSU◇——◇——◇
Robert G. HowellPSU◇—◇—◇—◇
Robert G. HowellPSU◇—◇—◇—◇
Robert G. HowellRSU◇——◇——◇
Robert G. HowellRSU◇——◇——◇
Fiscal 2022, 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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Eddie CapelRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Eric ClarkRSU◇◇——
RSU◇◇——
Dennis StoryRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert HowellRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
J. Stewart GanttRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Bruce RichardsRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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.
Bruce Richards
Senior Vice President, Chief Legal Officer, and Secretary · Employment agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Dennis Story
Executive Vice President, Chief Financial Officer, and Treasurer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Eddie Capel
Executive Chairman of the Board; Former President and Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Eric Clark
President and Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
J. Stewart Gantt
Executive Vice President, Professional Services · Employment agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Robert Howell
Executive Vice President, Chief Sales Officer · Employment agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas E. Noonan
◇◇————◇
Kimberly A. Kuryea
◇◇————◇
Charles E. Moran
◇◇————◇
Edmond I. Eger III
◇◇————◇
Linda T. Hollembaek
◇◇————◇
Danielle Sheer
◇◇————◇
John J. Huntz Jr
◇—————◇
Deepak Raghavan
◇—————◇
Eddie Capel and Eric A. Clark served on the board in fiscal 2025 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◇
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 2025
  • ACI Worldwide, Inc. ACIW
  • AppFolio, Inc. APPF
  • Aspen Technology, Inc. AZPN
  • Blackbaud, Inc. BLKB
  • Commvault Systems, Inc. CVLT
  • Dayforce Inc. DAY
  • Dynatrace, Inc. DT
  • Elastic N.V. ESTC
  • Fair Isaac Corporation FICO
  • Guidewire Software, Inc. GWRE
  • HubSpot, Inc. HUBS
  • Paylocity Holding Corporation PCTY
  • PTC Inc. PTC
  • Q2 Holdings, Inc. QTWO
  • Qualys, Inc. QLYS
  • Smartsheet Inc. SMAR
  • SPS Commerce, Inc. SPSC
  • Tyler Technologies, Inc. TYL
  • Workiva Inc. WK

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Eric Clark (President and Chief Executive Officer), FY2025 total compensation $16,697,528 (base salary $710,000) [exec_comp, SEC accession 0001193125-26-140024, filed 2026-04-02]

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What this page does not include

Everything above is a fact Manhattan Associates disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Manhattan Associates 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.
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Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
371 figures on this page: 360 cited to the filing that reported them, 11 calculated from figures it prints.
360 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-228194
  2. 0001193125-26-140024
    CEO Pay Ratio · Compensation Tables · Director Compensation · Grants of Plan-Based Awards
  3. 0000950170-25-071356
  4. 0000950170-25-049285
    Compensation Tables
  5. 0000950170-24-065924
  6. 0000950170-23-021381
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000950170-23-010278
    Compensation Tables
  8. 0001564590-22-019920
  9. 0001564590-21-027519
  10. 0001564590-20-025996
  11. 0001564590-19-019182
  12. 0001564590-18-025118
    Employment Agreement
  13. 0001564590-18-013868
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001564590-17-011329
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001564590-16-019336
Cite this data
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Velarion, “Manhattan Associates executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MANH (accessed 2026).
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Tech — Software rankings

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Peers Manhattan Associates discloses

The companies named in MANH's own disclosed peer group.

ACI Worldwide, Inc.AppFolio, Inc.Aspen Technology, Inc.Blackbaud, Inc.Commvault Systems, Inc.Dayforce Inc.Dynatrace, Inc.Elastic N.V.Fair Isaac CorporationGuidewire Software, Inc.HubSpot, Inc.Paylocity Holding CorporationPTC Inc.Q2 Holdings, Inc.Qualys, Inc.Smartsheet Inc.SPS Commerce, Inc.Tyler Technologies, Inc.Workiva Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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}
}
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