CrowdStrike Holdings Inc.’s revenue isn’t the only thing soaring these days.
The Austin, Texas-based provider of cloud-delivered cybersecurity saw its revenues hit $1.45 billion in fiscal 2022, ending January 31, for a 66 percent increase compared to 2021, according to the company.
It’s just the latest impressive stat for CrowdStrike, whose revenues have increased from $250 million, or by 480 percent, since 2019, the year it went public, according to filings. And CrowdStrike, in guidance issued when it unveiled its fiscal 2022 numbers earlier this year, estimates its revenues could exceed $2 billion this fiscal year.
Along with recent revenue increases, the pay packages for some of CrowdStrike’s top executives have also increased, particularly for CEO George Kurtz and CFO Burt Podbere, both of whom were recipients last fiscal year of lucrative multi-year, performance-based stock awards, according to a recently filed regulatory filing.
In the future, the two executives may not get the same fair-market value assigned to the stock awards as of the end of the company’s fiscal 2022, or Jan. 31, 2022.
After all, stock prices do change, as they have in recent months for CrowdStrike, whose shares were trading earlier this week in the $150 range, down from a 52-week high of $284.30, as investors retreated from tech stocks after interest rates hikes.
Still, Kurtz and Podbere are in line for big paydays as a result of their board-approved stock awards in fiscal 2022.
The following is a roundup of total pay packages for the five highest compensated executives at CrowdStrike in fiscal 2022.