Tech — Software

SPS Commerce Executive Compensation (FY25)

Name: SPS Commerce (SPSC) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

SPSC · Minneapolis, MN · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Chad Collins

Latest say-on-pay support

May 28, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of October 22, 2026Latest filing (8-K): May 28, 2026

14 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

SPS Commerce brief$1,500Get the executive brief

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256 figures on this page: 246 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

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	RSU	◇	—	—	◇	—	—	◇
Chad Collins	PSU	◇	◇	◇	—	◇	—	◇
Dan Juckniess	PSU	◇	◇	◇	—	◇	—	◇
Dan Juckniess	RSU	◇	—	—	◇	—	—	◇
Eduardo Rosini	RSU	◇	—	—	◇	—	—	◇
Jamie Thingelstad	RSU	◇	—	—	◇	—	—	◇
Jamie Thingelstad	PSU	◇	◇	◇	—	◇	—	◇
Kimberly Nelson	PSU	◇	◇	◇	—	◇	—	◇
Kimberly Nelson	RSU	◇	—	—	◇	—	—	◇

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
Jamie Thingelstad	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Kimberly Nelson	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.

Severance and change in control

The terms as written in the agreements.

Chad Collins

Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing

Severance multiple	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Dan Juckniess

Former Executive Vice President and Chief Revenue Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing

Severance multiple	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Jamie Thingelstad

Executive Vice President and Chief Technology Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing

Severance multiple	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Kimberly Nelson

Former Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 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 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	◇	◇	—	—	—	—	◇
Marty Reaume	◇	◇	—	—	—	—	◇
Anne Sempowski Ward	◇	◇	—	—	—	—	◇
Tami Reller	◇	◇	—	—	—	—	◇
Mark Partin	◇	◇	—	—	—	—	◇
James Ramsey	◇	—	—	—	—	—	◇

Chad Collins, Michael McConnell and Fumbi Chima 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 RSUs, DSUs.

Stock ownership guideline: Maintain robust stock ownership guidelines.

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 symbol not shown
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

◇

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Sample answer — “What is the CEO’s total compensation?”

- Chad Collins (Chief Executive Officer), FY2025 total compensation $11,410,244 (base salary $609,658) [exec_comp, SEC accession 0001092699-26-000029, filed 2026-04-14]

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 — $1,500

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 — $499

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.

256 figures on this page: 246 cited to the filing that reported them, 10 calculated from figures it prints.

246 cited to the filing

10 calculated from the filing

Documents cited

8-K, filed May 28, 2026
0001092699-26-000054
DEF 14A, filed April 14, 2026
0001092699-26-000029
2025 Grants of Plan-Based Awards Table · 2025 Summary Compensation Table · CEO Pay Ratio · Director Compensation · and 1 more section
8-K, filed May 13, 2025
0001092699-25-000040
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed March 28, 2025
0001092699-25-000029
2024 Summary Compensation Table · 2024 Summary Compensation Table* · Compensation Discussion and Analysis
8-K, filed May 16, 2024
0001092699-24-000050
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 4, 2024
0001092699-24-000036
2023 Summary Compensation Table*
8-K, filed May 12, 2023
0001092699-23-000039
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed March 30, 2023
0001092699-23-000026
2022 Summary Compensation Table*
8-K, filed May 17, 2022
0001193125-22-152984
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 24, 2021
0001193125-21-170837
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 21, 2020
0001193125-20-148645
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 17, 2019
0001193125-19-150522
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 31, 2018
0001193125-18-180333
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 18, 2016
0001193125-16-594688
Item 5.07 Submission of Matters to a Vote of Security Holders

Cite this data

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Velarion, “SPS Commerce executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SPSC (accessed 2026).

Short form: data: Velarion

The paid brief for SPS Commerce

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$1,500 for the Executive Compensation Report. Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

14 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

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Tech — Software rankings

Chief executive pay — Tech — Software CEO pay ratio — Tech — Software Say-on-pay support — Tech — Software

Peers SPS Commerce discloses

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

Altair Engineering AppFolio Appian Asana Blackline Clearwater Analytics Holdings Confluent Doximity GitLab JFrog nCino PagerDuty Paylocity Holding Qualys Smartsheet Tenable Holdings Varonis Systems Workiva

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All 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}
}

More on SPS Commerce

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

Velarion Pro: every company page, peer tools and exports, one seat

What this page does not include

Citations

Documents cited

The paid brief for SPS Commerce

Tech — Software rankings

Peers SPS Commerce discloses

Terms on this page