Tech — Software
SEMrush Holdings Executive Compensation (FY24)
SEMR · Boston, MA · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): June 11, 2025
225 figures on this page: 224 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
Oleg Shchegolev, Co-Founder and Chief Executive Officer, received $8,000,762 in total compensation for fiscal 2024, and compared with the $4,353,345 reported for fiscal 2023, Shchegolev's total was 83.8% higher. For fiscal 2024, the say-on-pay proposal drew 99.7% support at the meeting held June 5, 2025. The disclosed peer group includes Amplitude, Appian, BigCommerce Holdings, BlackLine and Braze, among others. For fiscal 2024, the company reported 5 named executive officers.
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 — Oleg Shchegolev: $4,353,345 → $8,000,762 (83.8% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is SEMrush Holdings' chief executive and what were they paid?
Oleg Shchegolev, Co-Founder and Chief Executive Officer, received $8,000,762 in total compensation for fiscal 2024. Compared with the $4,353,345 reported for fiscal 2023, Shchegolev's total was 83.8% higher.
What was SEMrush Holdings' say-on-pay result?
For fiscal 2024, the say-on-pay proposal drew 99.7% support at the meeting held June 5, 2025.
Which companies are in SEMrush Holdings' peer group?
The disclosed peer group includes Amplitude, Appian, BigCommerce Holdings, BlackLine and Braze, 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 |
|---|---|---|---|---|---|---|---|---|
Oleg Shchegolev Co-Founder and Chief Executive Officer | — | — | ◇ | ◇ | — | — | ◇ | ◇ |
Dmitry Melnikov Former Chief Operating Officer Departed during or after this year | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Evgeny Fetisov Former Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Eugene Levin President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Brian Mulroy Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Oleg Shchegolev Co-Founder, Chief Executive Officer, and Director | — | — | ◇ | ◇ | — | — | ◇ | ◇ |
Vitalii Obishchenko Chief Operating Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Oleg Shchegolev Co-Founder and Chief Executive Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Brian Mulroy Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Eugene Levin President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Vitalii Obishchenko Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Andrew Warden Chief Marketing 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 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Andrew Warden | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Andrew Warden | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Andrew Warden | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Brian Mulroy | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Brian Mulroy | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brian Mulroy | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Eugene Levin | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Eugene Levin | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Eugene Levin | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Oleg Shchegolev | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Oleg Shchegolev | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Vitalii Obishchenko | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Vitalii Obishchenko | PSU | ◇ | — withheld | ◇ | — | ◇ | — | ◇ |
| Vitalii Obishchenko | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 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 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Vitalii Obishchenko | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Eugene Levin | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Oleg Shchegolev | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Brian Mulroy | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Andrew Warden | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| 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.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Roman Simonov | — | ◇ | — | — | — | ◇ | ◇ |
Mark Vranesh Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Anna Baird | ◇ | ◇ | — | — | — | — | ◇ |
William Wagner | ◇ | ◇ | — | — | — | — | ◇ |
Trynka Shineman Blake | ◇ | ◇ | — | — | — | — | ◇ |
Steven Aldrich | ◇ | ◇ | — | — | — | — | ◇ |
Dmitry Melnikov | ◇ | ◇ | — | — | — | — | ◇ |
Dylan Pearce and Oleg Shchegolev 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 | ◇ |
| 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
- Amplitude AMPL
- Appian APPN
- BigCommerce Holdings symbol not shown
- BlackLine BL
- Braze BRZE
- DigitalOcean Holdings DOCN
- Domo DOMO
- Expensify EXFY
- Freshworks FRSH
- monday.com MNDY
- Olo OLO
- Similarweb SMWB
- Sprinklr CXM
- Sprout Social SPT
- Squarespace SQSP
- Yext YEXT
- Zuora ZUO
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | June 5, 2025 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact SEMrush Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where SEMrush 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 — $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.
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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.
225 figures on this page: 224 cited to the filing that reported them, 1 calculated from figures it prints.
224 cited to the filing
1 calculated from the filing
Documents cited
- 0001628280-25-030796
- 0001628280-25-0182352024 Grants of Plan-Based Awards Table · 2024 Summary Compensation Table · Grants of Plan-Based Awards · NON-EMPLOYEE DIRECTOR COMPENSATION POLICY · and 2 more sections
- 0001628280-24-0168032023 Summary Compensation Table
- 0001628280-23-0119592022 Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “SEMrush Holdings executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/SEMR (accessed 2026).
Short form: data: Velarion
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Tech — Software rankings
Peers SEMrush Holdings discloses
The companies named in SEMR's own disclosed peer group.
Terms on this page
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}
}