System1 Executive Compensation (FY25)
SST · Marina Del Rey, CA · Executive and director compensation, fiscal 2022 to 2025
The System1 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.
Both reports for $2,400.
Data as of September 8, 2026Latest filing (DEF 14A): June 22, 2026
5 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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136 figures on this page: 135 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
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 — Michael Blend: $2,388,353 → $636,333 (73.4% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is System1's chief executive and what were they paid?
Michael Blend was paid $636,333 in total compensation as Chief Executive Officer for fiscal 2025. Blend's total moved 73.4% lower from the $2,388,353 reported for fiscal 2024.
What was System1's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 99.9% of votes cast for or against in favor at the meeting held June 10, 2025.
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 |
|---|---|---|---|---|---|---|---|---|
Chris Phillips Chief Executive Officer, Protected.net Group Limited | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Michael Blend Chief Executive Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Tridivesh Kidambi Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Chris Phillips Chief Executive Officer, Protected | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Marc Mezzacca President, CouponFollow | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Tridivesh Kidambi Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Michael Blend Chief Executive Officer | — | — | — | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Mezzacca President, CouponFollow | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Blend Chief Executive Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Charles Ursini Chief Operating Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Tridivesh Kidambi Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Mezzacca President, CouponFollow | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Charles Ursini Chief Operating Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Tridivesh Kidambi Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Blend Chief Executive 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 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Charles Ursini | OTHER | — | — | — | — | — | — | ◇ |
| Marc Mezzacca | OTHER | — | — | — | — | — | — | ◇ |
| Michael Blend | OTHER | — | — | — | — | — | — | ◇ |
| Tridivesh Kidambi | OTHER | — | — | — | — | — | — | ◇ |
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 |
|---|---|---|---|---|---|
| Tridivesh Kidambi | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Charles Ursini | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Blend | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Marc Mezzacca | 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 |
|---|---|---|---|---|---|---|---|
Tanmay Kumar | ◇ | ◇ | — | — | — | — | ◇ |
Moujan Kazerani | ◇ | ◇ | — | — | — | — | ◇ |
Taryn Naidu | ◇ | ◇ | — | — | — | — | ◇ |
Caroline Horn | ◇ | ◇ | — | — | — | — | ◇ |
John Civantos | ◇ | ◇ | — | — | — | — | ◇ |
Dexter Fowler | ◇ | ◇ | — | — | — | — | ◇ |
Jennifer Prince | ◇ | ◇ | — | — | — | — | ◇ |
Ryan Caswell | ◇ | ◇ | — | — | — | — | ◇ |
Frank Martire | ◇ | ◇ | — | — | — | — | ◇ |
Michael Blend and Charles Ursini 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 | ◇ |
| 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.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | June 10, 2025 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact System1 disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $1,500Board 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.
Inquire 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.
136 figures on this page: 135 cited to the filing that reported them, 1 calculated from figures it prints.
135 cited to the filing
1 calculated from the filing
Documents cited
- 0001805833-26-0000402025 DIRECTOR COMPENSATION · 2025 Summary Compensation Table
- 0001628280-25-030451
- 0001628280-25-0265052024 Summary Compensation Table · EXECUTIVE AND DIRECTOR COMPENSATION
- 0001805833-24-0000702023 Summary Compensation Table
- 0001805833-23-0000862022 Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “System1 executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SST (accessed 2026).
Short form: data: Velarion
The System1 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.
Both reports for $2,400.
5 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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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}
}