Tech — Software
Sps Commerce Executive Compensation (FY25)
SPSC · Minneapolis, MN · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 28, 2026
218 figures on this page: 208 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chad Collins was paid $11,410,244 in total compensation as Chief Executive Officer for fiscal 2025, and Collins' total was 20.8% lower than the $14,405,176 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 125:1, against median employee compensation of $91,260. The say-on-pay proposal drew 91.7% of votes cast for or against in favor at the meeting held May 28, 2026 for fiscal 2025. Companies named in the disclosed peer group include Altair Engineering, AppFolio, Appian, Asana and Blackline, among others.
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 — Chad Collins: $14,405,176 → $11,410,244 (20.8% lower)
CEO pay ratio: 161:1 → 125:1 (22.4% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Sps Commerce's chief executive and what were they paid?
Chad Collins was paid $11,410,244 in total compensation as Chief Executive Officer for fiscal 2025. Collins' total was 20.8% lower than the $14,405,176 reported for fiscal 2024.
What was Sps Commerce's say-on-pay result?
The say-on-pay proposal drew 91.7% of votes cast for or against in favor at the meeting held May 28, 2026 for fiscal 2025.
Which companies are in Sps Commerce's peer group?
Companies named in the disclosed peer group include Altair Engineering, AppFolio, Appian, Asana and Blackline, among others.
What is Sps Commerce's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 125:1, against median employee compensation of $91,260.
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 |
|---|---|---|---|---|---|---|---|---|
Archie Black Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Frome President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kimberly Nelson Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Archie Black Executive Chair; Former Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Chad Collins Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
James Frome President & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kimberly Nelson Executive Vice President & Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Chad Collins Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Frome Former President & Chief Operating Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kimberly Nelson Executive Vice President & Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Archie Black Former Executive Chair and Former Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Dan Juckniess Executive Vice President & Chief Revenue Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jamie Thingelstad Executive Vice President & Chief Technology Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Chad Collins Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Eduardo Rosini Executive Vice President and Chief Commercial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dan Juckniess Former Executive Vice President and Chief Revenue Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Kimberly Nelson Former Executive Vice President and Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Jamie Thingelstad Executive Vice President and Chief Technology 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 |
|---|---|---|---|---|---|---|---|---|
| Chad Collins | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Dan Juckniess | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Eduardo Rosini | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jamie Thingelstad | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Kimberly Nelson | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kimberly Nelson | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jamie Thingelstad | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Eduardo Rosini | RSU | ◇ | ◇ | — | — |
| Chad Collins | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Dan Juckniess | 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 |
|---|---|---|---|---|---|---|---|
Razat Gaurav | ◇ | ◇ | ◇ | — | — | — | ◇ |
Philip Soran Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Sven Wehrwein | ◇ | ◇ | — | — | — | — | ◇ |
Anne Sempowski Ward | ◇ | ◇ | — | — | — | — | ◇ |
Tami Reller | ◇ | ◇ | — | — | — | — | ◇ |
Mark Partin | ◇ | ◇ | — | — | — | — | ◇ |
James Ramsey | ◇ | — | — | — | — | — | ◇ |
Marty Reaume, Chad Collins, Fumbi Chima and Michael McConnell 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 equity retainer | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Altair Engineering ALTR
- AppFolio APPF
- Appian APPN
- Asana ASAN
- Blackline BL
- Clearwater Analytics Holdings CWAN
- Confluent CFLT
- Doximity DOCS
- GitLab GTLB
- HashiCorp HCP
- JFrog FROG
- nCino NCNO
- PagerDuty PD
- Paylocity Holding PCTY
- Qualys QLYS
- Smartsheet SMAR
- Tenable Holdings TENB
- Varonis Systems VRNS
- Workiva WK
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 28, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 13, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 12, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 17, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 19, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 18, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 14, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 31, 2018 | = | ◇ | ◇ | ◇ |
| 2015 | May 18, 2016 | = | ◇ | ◇ | ◇ |
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 Sps Commerce disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Sps Commerce 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.
Enquire about accessMultiple companies at once
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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.
218 figures on this page: 208 cited to the filing that reported them, 10 calculated from figures it prints.
208 cited to the filing
10 calculated from the filing
Documents cited
- 0001092699-26-000054
- 0001092699-26-0000292025 Director Compensation Table · 2025 Grants of Plan-Based Awards Table · 2025 Summary Compensation Table* · CEO Pay Ratio · and 2 more sections
- 0001092699-25-000040Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001092699-25-0000292024 Summary Compensation Table · 2024 Summary Compensation Table*
- 0001092699-24-000050Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001092699-24-0000362023 Summary Compensation Table*
- 0001092699-23-000039Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001092699-23-0000262022 Summary Compensation Table*
- 0001193125-22-152984Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-21-170837Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-148645Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-19-150522Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-18-180333Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-16-594688Item 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, “Sps Commerce executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SPSC (accessed 2026).
Short form: data: Velarion
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Tech — Software rankings
Peers Sps Commerce discloses
The companies named in SPSC'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}
}