Business Services
Udemy Executive Compensation (FY24)
UDMY · Executive and director compensation, fiscal 2022 to 2024
Median of the other named officers $2,412,451 5 officers, excluding the chief executive | Latest say-on-pay support = June 16, 2025 | Chief executive pay ratio ◇ To the median employee |
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The paid brief on Udemy
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Data as of October 19, 2026Latest filing (EX-10): February 19, 2026
7 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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229 figures on this page: 226 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
More on Udemy
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
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 2024, shareholders backed the say-on-pay proposal with 98.8% of votes cast for or against in favor at the meeting held June 16, 2025.
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Greg Brown Former 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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Genefa Murphy Chief Marketing Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Prasad Raje Former Chief Product Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Greg Brown Former 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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Eren Bali Chief Technology Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Greg Brown Former President and 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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Eren Bali | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Eren Bali | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Greg Brown | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Greg Brown | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Prasad Raje | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Prasad Raje | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Rob Rosenthal | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Sarah Blanchard | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Sarah Blanchard | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Venu Venugopal | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Venu Venugopal | 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 |
|---|---|---|---|---|---|
| Eren Bali | RSU | ◇ | ◇ | — | — |
| Prasad Raje | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Rob Rosenthal | RSU | ◇ | ◇ | — | — |
| Greg Brown | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Venu Venugopal | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 05/13/2029 | |
| Sarah Blanchard | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| 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.
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 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Marylou Maco | ◇ | ◇ | — | — | — | — | ◇ |
Debra Chrapaty | ◇ | ◇ | — | — | — | — | ◇ |
Sohaib Abbasi Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Lydia Paterson | ◇ | ◇ | — | — | — | — | ◇ |
Heather Hiles | ◇ | ◇ | — | — | — | — | ◇ |
Natalie Rothman | ◇ | ◇ | — | — | — | — | ◇ |
Jeffrey Lieberman | ◇ | ◇ | — | — | — | — | ◇ |
Greg Brown, Eren Bali and Hugo Sarrazin 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 | ◇ |
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | June 16, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 3, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 21, 2023 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
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?”
- Greg Brown (Former President and Chief Executive Officer), FY2024 total compensation $5,151,396 (base salary $583,750) [exec_comp, SEC accession 0001607939-25-000046, filed 2025-04-25]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 — $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 — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable 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.
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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.
229 figures on this page: 226 cited to the filing that reported them, 3 calculated from figures it prints.
226 cited to the filing
3 calculated from the filing
Documents cited
- 0001607939-26-000034EX-10.16
- 0001607939-25-00010088 877,073 0 3. The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers.
- 0001607939-25-000046Director Compensation · Outstanding Equity Awards at 2024 Fiscal Year-End
- 0001607939-24-000099Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001607939-24-000069Summary Compensation Table
- 0001607939-23-000127Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-23-122336Summary 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.
$500 for the Executive Compensation Report. Both reports for $900.
7 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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Business Services rankings
Peers Udemy discloses
The companies named in UDMY's own disclosed peer group.
Terms on this page
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}
}