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Progress Software Executive Compensation (FY25)

PRGS · Burlington, MA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 11, 2026
377 figures on this page: 366 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Companies named in the disclosed peer group include ACI Worldwide, Inc., Appian Corporation, Aspen Technology, Inc., Blackbaud, Inc. and CommVault Systems, Inc., among others. Total compensation for Yogesh Gupta, President and Chief Executive Officer, came to $10,534,808 in fiscal 2025, and Gupta's total was 1.5% higher than the $10,374,886 reported for fiscal 2024, while for fiscal 2025, the company reported a chief executive pay ratio of 112:1, against median employee compensation of $93,870. For fiscal 2025, the say-on-pay proposal drew 94.1% support at the meeting held May 7, 2026.
Chief executive, fiscal 2025
◇
Yogesh Gupta
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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 total compensation — Yogesh Gupta: $10,374,886 → $10,534,808 (1.5% higher)
CEO pay ratio: 100:1 → 112:1 (12.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Progress Software's chief executive and what were they paid?
Total compensation for Yogesh Gupta, President and Chief Executive Officer, came to $10,534,808 in fiscal 2025. Gupta's total was 1.5% higher than the $10,374,886 reported for fiscal 2024.
What was Progress Software's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 94.1% support at the meeting held May 7, 2026.
Which companies are in Progress Software's peer group?
Companies named in the disclosed peer group include ACI Worldwide, Inc., Appian Corporation, Aspen Technology, Inc., Blackbaud, Inc. and CommVault Systems, Inc., among others.
What is Progress Software's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 112:1, against median employee compensation of $93,870.

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
Yogesh Gupta
President and Chief Executive Officer
◇—◇◇◇—◇◇
Anthony Folger
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Loren Jarrett
Executive Vice President and General Manager, Digital Experience
◇—◇◇◇—◇◇
John Ainsworth
Executive Vice President and General Manager, Application and Data Platform
◇—◇◇◇—◇◇
Jeremy Segal
Executive Vice President, Corporate Development
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Yogesh Gupta
President and Chief Executive Officer
◇—◇◇◇—◇◇
Anthony Folger
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Sundar Subramanian
Executive Vice President and General Manager, Infrastructure Management
◇—◇◇◇—◇◇
John Ainsworth
Executive Vice President and General Manager, Application and Data Platform
◇—◇◇◇—◇◇
Loren Jarrett
Executive Vice President and General Manager, Digital Experience
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Yogesh Gupta
President and Chief Executive Officer
◇—◇◇◇—◇◇
Anthony Folger
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
John Ainsworth
Executive Vice President and General Manager, Application and Data Platform
◇—◇◇◇—◇◇
Loren Jarrett
Executive Vice President and General Manager, Digital Experience
◇—◇◇◇—◇◇
Sundar Subramanian
Executive Vice President and General Manager, Infrastructure Management
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Yogesh Gupta
President and Chief Executive Officer
◇—◇◇◇—◇◇
Anthony Folger
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Loren Jarrett
Executive Vice President and General Manager, Digital Experience
◇—◇◇◇—◇◇
John Ainsworth
Executive Vice President and General Manager, Application and Data Platform
◇—◇◇◇—◇◇
Sundar Subramanian
Executive Vice President and General Manager, Infrastructure Management
◇—◇◇◇—◇◇
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
Anthony FolgerPSU◇◇◇—◇—◇
Anthony FolgerOPTION◇——◇—◇◇
Anthony FolgerRSU◇——◇——◇
John AinsworthPSU◇—◇—◇—◇
John AinsworthRSU◇——◇——◇
John AinsworthOPTION◇——◇—◇◇
Loren JarrettRSU◇——◇——◇
Loren JarrettPSU◇—◇—◇—◇
Loren JarrettOPTION◇——◇—◇◇
Sundar SubramanianOPTION◇——◇—◇◇
Sundar SubramanianPSU◇—◇—◇—◇
Sundar SubramanianRSU◇——◇——◇
Yogesh GuptaPSU◇◇◇—◇—◇
Yogesh GuptaRSU◇——◇——◇
Yogesh GuptaOPTION◇——◇—◇◇
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
Anthony FolgerOption◇—◇3/30/2027
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇1/18/2028
Option◇—◇1/19/2029
Option◇—◇1/18/2030
RSU◇◇——
RSU◇◇——
Option◇—◇1/22/2032
Option◇—◇1/17/2031
Yogesh GuptaOption◇—◇1/20/2027
Option◇—◇1/17/2031
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/18/2028
Option◇—◇1/19/2029
Option◇—◇1/22/2032
Option◇—◇1/18/2030
Sundar SubramanianOption◇—◇1/22/2032
Option◇—◇1/18/2030
Option◇—◇1/18/2028
PSU◇◇——
Option◇—◇1/20/2027
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇1/19/2029
Option◇—◇1/17/2031
RSU◇◇——
RSU◇◇——
Option◇—◇9/30/2026
John AinsworthOption◇—◇1/17/2031
RSU◇◇——
RSU◇◇——
Option◇—◇1/19/2029
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇1/18/2030
Option◇—◇1/18/2028
Option◇—◇1/20/2027
Option◇—◇1/22/2032
Loren JarrettRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇1/18/2028
Option◇—◇1/22/2032
PSU◇◇——
RSU◇◇——
Option◇—◇1/17/2031
Option◇—◇1/18/2030
Option◇—◇1/19/2029
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John R. Egan
Board chair
◇◇————◇
Samskriti Y. King
◇◇————◇
Charles F. Kane
◇◇————◇
Rainer Gawlick
◇◇————◇
Angela T. Tucci
◇◇————◇
Vivian M. Vitale
◇◇————◇
David A. Krall
◇◇————◇
Paul T. Dacier
◇◇————◇
Yogesh Gupta 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◇
Total board retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
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 2025
  • ACI Worldwide, Inc. ACIW
  • Appian Corporation APPN
  • Aspen Technology, Inc. AZPN
  • Blackbaud, Inc. BLKB
  • CommVault Systems, Inc. CVLT
  • Dynatrace, Inc. DT
  • E2open Parent Holdings, Inc. ETWO
  • Manhattan Associates, Inc. MANH
  • N-able, Inc. NABL
  • Pegasystems, Inc. PEGA
  • Qualys, Inc. QLYS
  • Rapid7, Inc. RPD
  • Smartsheet Inc. SMAR
  • SolarWinds Corporation SWI
  • SPS Commerce, Inc. SPSC
  • Verint Systems, Inc. VRNT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016June 15, 2017=◇◇◇
2015May 17, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Progress Software disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Progress Software 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.
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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.
377 figures on this page: 366 cited to the filing that reported them, 11 calculated from figures it prints.
366 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001552781-26-000319
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001552781-26-000161
    CEO Pay Ratio · Director Compensation · Director Compensation Table—Fiscal Year 2025 · Grants of Plan-Based Awards · and 2 more sections
  3. 0001552781-25-000169
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001552781-25-000108
    Summary Compensation Table—Fiscal Years 2024, 2023 and 2022
  5. 0001552781-24-000304
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001308179-24-000300
    Summary Compensation Table – Fiscal Years 2023, 2022 and 2021
  7. 0000876167-23-000101
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001308179-23-000429
    Summary Compensation Table – Fiscal Years 2022, 2021 and 2020
  9. 0000876167-22-000110
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000876167-21-000094
  11. 0000876167-20-000084
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000876167-19-000077
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000876167-18-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000876167-17-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000876167-16-000080
    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, “Progress Software executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PRGS (accessed 2026).
Short form: data: Velarion
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Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Progress Software discloses

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

ACI Worldwide, Inc.Appian CorporationBlackbaud, Inc.CommVault Systems, Inc.Dynatrace, Inc.Manhattan Associates, Inc.N-able, Inc.Pegasystems, Inc.Qualys, Inc.SPS Commerce, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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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