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Udemy Executive Compensation (FY24)

UDMY · Executive and director compensation, fiscal 2022 to 2024

The paid brief on Udemy

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.
Data as of September 9, 2026Latest filing (EX-10): February 19, 2026
6 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Udemy brief$1,500Get the executive brief
189 figures on this page: 187 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Median of the other named officers
$2,412,451
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 3, 2024
Chief executive pay ratio
◇
To the median employee

More on Udemy

Five data products on this company. Each one is requested through the developer setup page.
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 — Greg Brown: $5,542,944 → $5,151,396 (7.1% lower)
CEO pay ratio: 42:1 → 33:1 (21.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
What was Udemy's say-on-pay result?
For fiscal 2023, shareholders backed the say-on-pay proposal with 98.5% of votes cast including abstentions in favor at the meeting held June 3, 2024.
Which companies are in Udemy's peer group?
Companies named in the disclosed peer group include Alarm.com Holdings, Alteryx, Appian, BlackLine and Chegg, among others.
What is Udemy's chief executive pay ratio?
The company reported a chief executive pay ratio of 33:1 for fiscal 2024, against median employee compensation of $156,242.

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
Greg Brown
President and Chief Executive Officer
◇—◇—◇—◇◇
Sarah Blanchard
Chief Financial Officer
◇—◇—◇—◇◇
Prasad Gune
Senior Vice President, Product
◇—◇—◇—◇◇
Llibert Argerich
Senior Vice President, Marketing
◇—◇—◇—◇◇
Venu Venugopal
Former Chief Technology Officer
◇—◇—◇—◇◇
Gregg Coccari
Former President and Chief Executive Officer
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Genefa Murphy
Chief Marketing Officer
◇—◇—◇—◇◇
Prasad Raje
Chief Product Officer
◇—◇—◇—◇◇
Greg Brown
President and Chief Executive Officer
◇—◇—◇—◇◇
Karen Fascenda
Chief People Officer
◇—◇—◇—◇◇
Sarah Blanchard
Chief Financial Officer
◇—◇—◇—◇◇
Venu Venugopal
Former Chief Technology Officer
◇—◇—◇—◇◇
Gregg Coccari
Former President and Chief Executive Officer
Departed during or after this year
◇——————◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eren Bali
Chief Technology Officer
◇—◇———◇◇
Greg Brown
Former President & Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Rob Rosenthal
Chief Revenue Officer
◇◇◇———◇◇
Venu Venugopal
Former Chief Technology Officer
Departed during or after this year
◇—◇———◇◇
Sarah Blanchard
Chief Financial Officer
◇—◇———◇◇
Prasad Raje
Former Chief Product Officer
Departed during or after this year
◇—◇———◇◇
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
Rob RosenthalPSU◇◇◇—◇—◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Sarah BlanchardRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Greg BrownRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Venu VenugopalRSU◇◇——
Option◇—◇05/13/2029
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Prasad RajeRSU◇◇——
RSU◇◇——
RSU◇◇——
Eren BaliRSU◇◇——
Rob RosenthalRSU◇◇——
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.
Sarah Blanchard
Chief Financial Officer · Change-in-control agreement · dated November 17, 2025
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marylou Maco
◇◇————◇
Debra Chrapaty
◇◇————◇
Sohaib Abbasi
Board chair
◇◇————◇
Lydia Paterson
◇◇————◇
Heather Hiles
◇◇————◇
Natalie Rothman
◇◇————◇
Jeffrey Lieberman
◇◇————◇
Hugo Sarrazin 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.
Stock ownership guideline: 3x annual cash retainer ($120,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Alarm.com Holdings ALRM
  • Alteryx AYX
  • Appian APPN
  • BlackLine BL
  • Chegg CHGG
  • Coursera COUR
  • Duolingo DUOL
  • Everbridge EVBG
  • Fastly FSLY
  • Five9 FIVN
  • Instructure INST
  • Skillsoft SKIL
  • Smartsheet SMAR
  • Stride LRN
  • Upwork UPWK
  • Zuora ZUO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023June 3, 2024=◇◇◇
2022June 21, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Udemy disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Udemy 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 — $1,200
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.
189 figures on this page: 187 cited to the filing that reported them, 2 calculated from figures it prints.
187 cited to the filing
2 calculated from the filing

Documents cited

  1. 0001607939-26-000034
    EX-10.16
  2. 0001607939-25-000046
    2024 Director Compensation Table · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0001607939-24-000099
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001607939-24-000069
    Summary Compensation Table
  5. 0001607939-23-000127
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-23-122336
    Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Udemy executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/UDMY (accessed 2026).
Short form: data: Velarion

The paid brief for Udemy

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 briefGet the board briefNo account needed.
6 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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A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
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Peers Udemy discloses

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

Alarm.com HoldingsAlteryxAppianBlackLineCheggCourseraDuolingoEverbridgeFastlyFive9InstructureSkillsoftSmartsheetStrideUpworkZuora

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}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy