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Tech — Software

TrueCar Executive Compensation (FY24)

TRUE · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024
◇
Jantoon Reigersman
Latest say-on-pay support
=
May 22, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 23, 2025
11 filings cited on this page
A report that fails to generate is refunded in full
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273 figures on this page: 265 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
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 — Jantoon Reigersman: $3,826,018 → $4,590,916 (20.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is TrueCar's chief executive and what were they paid?
Jantoon Reigersman, President and CEO, received $4,590,916 in total compensation for fiscal 2024. Reigersman's total was 20.0% higher than the $3,826,018 reported for fiscal 2023.
What was TrueCar's say-on-pay result?
The say-on-pay proposal drew 82.5% of votes cast for or against in favor at the meeting held May 22, 2025 for fiscal 2024.
Which companies are in TrueCar's peer group?
The disclosed peer group names 1stdibs.com, AdTheorent, Cardlytics, Cars.com and DHI Group, among others.
What is TrueCar's chief executive pay ratio?
For fiscal 2024, the company reported a chief executive pay ratio of 30:1.

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
Michael Darrow
President and CEO
◇—◇—◇—◇◇
Jantoon Reigersman
President and CEO
◇—◇—◇—◇◇
Jeffrey Swart
EVP, General Counsel and Secretary
◇—◇—◇—◇◇
Jill Angel
COO
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Darrow
Former President and CEO
Departed during or after this year
◇—◇———◇◇
Jantoon Reigersman
President and CEO
◇—◇—◇—◇◇
Teresa Luong
Former CFO
Departed during or after this year
◇—◇———◇◇
Jeffrey Swart
EVP, General Counsel and Secretary
◇—◇—◇—◇◇
Jay Ku
Chief Revenue Officer
◇—◇—◇—◇◇
Jill Angel
COO
◇—◇—◇—◇◇
Oliver Foley
CFO
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jantoon Reigersman
President and CEO
◇—◇—◇—◇◇
Oliver Foley
CFO
◇—◇—◇—◇◇
Jay Ku
Chief Revenue Officer
◇—◇—◇—◇◇
Jeffrey Swart
EVP, General Counsel and Secretary
◇—◇—◇—◇◇
Jill Angel
COO
◇—◇—◇—◇◇
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
Jantoon E. ReigersmanPSU◇◇◇—◇—◇
Jantoon E. ReigersmanRSU◇——◇——◇
Jay J. KuRSU◇——◇——◇
Jay J. KuPSU◇◇◇—◇—◇
Jeffrey J. SwartPSU◇◇◇—◇—◇
Jeffrey J. SwartRSU◇——◇——◇
Jill S. AngelRSU◇——◇——◇
Jill S. AngelPSU◇◇◇—◇—◇
Oliver M. FoleyPSU◇◇◇—◇—◇
Oliver M. FoleyRSU◇——◇——◇
Fiscal 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 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jantoon ReigersmanPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇1/27/2031
RSU◇◇——
Option◇—◇3/12/2031
Oliver FoleyPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jay KuPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jeffrey SwartPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/12/2031
Jill AngelPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
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.
Jantoon Reigersman
President and CEO · Employment agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Jay Ku
Chief Revenue Officer · Severance agreement
Severance base◇
Severance cash amount◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Jeffrey Swart
EVP, General Counsel and Secretary · Employment agreement
Severance base◇
Severance cash amount◇
Change-in-control base◇
Jill Angel
COO · Employment agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Oliver Foley
CFO · Employment agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Diego A. Rodriguez
◇◇————◇
Barbara A. Carbone
Board chair
◇◇————◇
Faye M. Iosotaluno
◇◇————◇
Robert E. Buce
◇◇————◇
Brendan L. Harrington
◇◇————◇
Erin N. Lantz
◇—————◇
Jantoon E. Reigersman served on the board in fiscal 2024 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◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 1stdibs.com DIBS
  • AdTheorent ADT
  • Cardlytics CDLX
  • Cars.com CARS
  • DHI Group DHX
  • eGain EGAN
  • eHealth EHTH
  • Eventbrite EB
  • EverQuote EVER
  • Illumin ILLMF
  • Liquidity Services LQDT
  • Mitek System MITK
  • ON24 ONTF
  • OneSpan OSPN
  • PFSweb symbol not shown
  • Synchronoss Technologies SNCR
  • TechTarget TTGT
  • TravelZoo TZOO
  • Veritone VERI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022June 22, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Jantoon Reigersman (President and CEO), FY2024 total compensation $4,590,916 (base salary $500,000) [exec_comp, SEC accession 0001104659-25-033025, filed 2025-04-08]

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What this page does not include

Everything above is a fact TrueCar disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where TrueCar 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 — $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 — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
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.
273 figures on this page: 265 cited to the filing that reported them, 8 calculated from figures it prints.
265 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001327318-25-000020
    Proposal 3 was an advisory vote to approve the Company’s named executive officer compensation, as described in the Proxy Statement.
  2. 0001104659-25-033025
    2024 Grants of Plan-Based Awards Table · CEO Pay Ratio · Compensation Discussion and Analysis · Grants of Plan-Based Awards Table · and 3 more sections
  3. 0001327318-24-000022
    Proposal 3 was an advisory vote to approve the Company’s named executive officer compensation, as described in the Proxy Statement.
  4. 0001104659-24-044723
    2023 Summary Compensation Table
  5. 0001104659-23-074344
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-23-053374
    2022 Summary Compensation Table
  7. 0001327318-22-000019
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001327318-21-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001327318-20-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001327318-19-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001327318-18-000028
    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, “TrueCar executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/TRUE (accessed 2026).
Short form: data: Velarion

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11 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 — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers TrueCar discloses

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

1stdibs.comAdTheorentCardlyticsCars.comDHI GroupeGaineHealthEventbriteEverQuoteLiquidity ServicesMitek SystemON24OneSpanSynchronoss TechnologiesTechTargetTravelZooVeritone

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll 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}
}
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