V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

Model N Executive Compensation (FY23)

MODN · Executive and director compensation, fiscal 2022 to 2023

The Model N 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.
From $1,200 for the board report; $2,400 for both.
Data as of September 10, 2026Latest filing (8-K): February 16, 2024
8 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Model N brief$1,500Get the executive brief
225 figures on this page: 219 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Chief executive, fiscal 2023
◇
Jason Blessing
Latest say-on-pay support
=
February 15, 2024
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jason Blessing: $7,079,086 → $6,877,671 (2.8% lower)
CEO pay ratio: 77:1 → 70:1 (9.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Model N's chief executive and what were they paid?
Jason Blessing was paid $6,877,671 in total compensation as Chief Executive Officer and Board member for fiscal 2023. Blessing's total moved 2.8% lower from the $7,079,086 reported for fiscal 2022.
What was Model N's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.5% of votes cast for or against in favor at the meeting held February 15, 2024 for fiscal 2023.
Which companies are in Model N's peer group?
Companies named in the disclosed peer group include Agilysys, American Software, AvePoint, Benefitfocus and BigCommerce Holdings, among others.
What is Model N's chief executive pay ratio?
The company reported a chief executive pay ratio of 70:1 for fiscal 2023, against median employee compensation of $98,263.

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
Jason Blessing
Chief Executive Officer and Member of the Board
◇—◇—◇—◇◇
Chris Lyon
Chief Revenue Officer
◇—◇—◇——◇
Suresh Kannan
Chief Product Officer
◇—◇—◇——◇
Mark Anderson
Chief Services Officer
◇—◇—◇——◇
John Ederer
Chief Financial Officer
◇—◇—◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jason Blessing
Chief Executive Officer and Board member
◇—◇—◇—◇◇
John Ederer
Chief Financial Officer
◇—◇—◇—◇◇
Chris Lyon
Chief Revenue Officer
◇—◇—◇—◇◇
Suresh Kannan
Chief Product Officer
◇—◇—◇—◇◇
Mark Anderson
Chief Services 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 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Chris LyonRSU◇——◇——◇
Chris LyonPSU◇—◇—◇—◇
Jason BlessingRSU◇——◇——◇
Jason BlessingPSU◇—◇—◇—◇
John EdererPSU◇—◇—◇—◇
John EdererRSU◇——◇——◇
Mark AndersonPSU◇—◇—◇—◇
Mark AndersonRSU◇——◇——◇
Suresh KannanRSU◇——◇——◇
Suresh KannanPSU◇—◇—◇—◇
Fiscal 2022 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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Mark AndersonRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jason BlessingRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Suresh KannanRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
John EdererRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Chris LyonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
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.
Chris Lyon
Chief Revenue Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Jason Blessing
Chief Executive Officer and Board member · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
John Ederer
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Mark Anderson
Chief Services Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Suresh Kannan
Chief Product Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Baljit Dail
Board chair
◇◇————◇
Tim Adams
◇◇————◇
Alan Henricks
◇◇————◇
Dave Yarnold
◇◇————◇
Melissa Fisher
◇◇————◇
Scott Reese
◇◇————◇
Kim DeCarlis
◇◇————◇
Manisha Shetty Gulati
◇◇————◇
Jason Blessing served on the board in fiscal 2023 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◇
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 2023
  • Agilysys AGYS
  • American Software symbol not shown
  • AvePoint AVPT
  • Benefitfocus BNFT
  • BigCommerce Holdings symbol not shown
  • Couchbase BASE
  • JFrog FROG
  • LivePerson LPSN
  • Mitek Systems MITK
  • PagerDuty PD
  • Phreesia PHR
  • PROS Holdings PRO
  • SPS Commerce SPSC
  • Sumo Logic SUMO
  • Upland Software UPLD
  • UserTesting symbol not shown
  • Veritone VERI
  • Zuora ZUO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023February 15, 2024=◇◇◇
2022February 16, 2023=◇◇◇
2021February 18, 2022=◇◇◇
2020February 19, 2021=◇◇◇
2019February 14, 2020=◇◇◇
2018February 15, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Model N files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Model N disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Model N 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 — $1,500
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.
Board Governance Report — $1,200
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.
Velarion Intelligence
Adviser 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 access
Multiple 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 Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Model N's disclosed peer group is defensible, who names Model N back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
225 figures on this page: 219 cited to the filing that reported them, 6 calculated from figures it prints.
219 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001118417-24-000040
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001118417-24-000010
    CEO Pay Ratio · Compensation Discussion and Analysis · Grants of Plan-Based Awards During Fiscal Year 202 · Grants of Plan-Based Awards During Fiscal Year 2023 Table · and 3 more sections
  3. 0001118417-23-000033
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001118417-23-000005
    SUMMARY COMPENSATION TABLE
  5. 0001118417-22-000049
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001118417-21-000066
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001118417-20-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001118417-19-000013
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Model N executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/MODN (accessed 2026).
Short form: data: Velarion

The Model N 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.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
8 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
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Model N and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers Model N discloses

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

AgilysysAvePointCouchbaseJFrogLivePersonMitek SystemsPagerDutyPhreesiaPROS HoldingsSPS CommerceSumo LogicUpland SoftwareVeritoneZuora

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}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy