Reid French
About Reid French
Reid French (age 53) is an independent director of Autodesk (ADSK) since 2017, currently serving as Chair of the Compensation and Human Resources Committee; he previously chaired the Audit Committee until May 2, 2025 . He holds a B.A. in Economics from Davidson College and an MBA from Harvard Business School, and is recognized for significant software operating experience and investor value creation . The Board has affirmed his independence under Nasdaq standards , and he attended 100% of Board and committee meetings in fiscal year 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Applied Systems, Inc. | Chief Executive Officer | 2011 – 2019 | Nearly tripled company size and generated a 12x investor return . |
| Intergraph Corporation | Chief Operating Officer | 2005 – 2010 | Led transformation from legacy CAD to enterprise software; oversaw 2006 go‑private and 2010 $2.1B sale to Hexagon AB . |
| Intergraph Corporation | EVP, Strategic Planning & Corporate Development | 2003 – 2005 | Corporate strategy and M&A leadership . |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Verint Systems Inc. (U.S.-listed) | Director | 2021 – Present | Governance expertise; customer engagement software focus . |
| JSSI Inc. | Board member | 2023 – Present | Private aviation services; board oversight . |
| NetDocuments Software, Inc. | Board member | 2020 – Present | Legal document management software; board oversight . |
| Applied Systems, Inc. | Board member | 2011 – 2020 | Board service post-CEO tenure . |
Board Governance
- Committee assignments: Chair, Compensation and Human Resources Committee (CHRC) since May 2, 2025; previously Chair, Audit Committee through May 2, 2025 .
- Independence status: Independent director under Nasdaq rules; Board maintains a substantial majority of independent directors .
- Attendance and engagement: 100% attendance at Board (9 meetings) and committees (39 meetings) in FY2025; Board engages with shareholders representing >60% of outstanding shares .
- Outside directorship limits: Autodesk limits directors to ≤4 public boards (including ADSK); the governance committee affirmed capacity and compliance for all nominees .
Fixed Compensation
| Component | Policy Amount | French FY2025 Receipt | Notes |
|---|---|---|---|
| Annual Board Cash Retainer | $75,000 | $88,472 (fees earned, but paid entirely in RSUs) | Cash retainer plus prorated chair fees recognized; French elected 100% RSU in-lieu-of-cash . |
| CHRC Chair Fee | $20,000 | Included in fees earned | French became CHRC Chair effective May 2, 2025 . |
| Annual Director RSUs | $250,000 grant value | 984 RSUs; $249,759 grant-date value (7/16/2024) | Subsequent Annual RSUs vest over one year . |
| Elected RSUs (cash-to-equity) | 20% premium on cash foregone | 472 RSUs + 79 premium RSUs (7/16/2024); $119,803 + $20,052 values | French elected 100% of fees to RSUs in both cycles . |
- No meeting fees are paid; chair premiums apply by committee type .
- “Fees Actually Paid in Cash” for French were $0 due to his full RSU election .
Performance Compensation
| Element | Structure | Metrics |
|---|---|---|
| Director equity | Time-based RSUs only | No performance metrics disclosed for director RSUs . |
Other Directorships & Interlocks
- Current public company boards: Autodesk; Verint Systems Inc. .
- Compensation committee interlocks: None; no interlocking relationships in FY2025 and no Autodesk directors on other companies’ compensation committees with conflicts .
- Related party transactions: Ordinary-course software purchases by entities affiliated with directors occurred, but no transactions met thresholds requiring Audit Committee approval; none deemed related-party transactions in FY2025 .
Expertise & Qualifications
- Executive operating experience scaling vertical software businesses; proven investor value creation (Applied Systems 12x return) .
- Transformation leadership (Intergraph CAD-to-enterprise software; large strategic sale) .
- Public company governance: service at Verint; broad board experience enhances oversight .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Total beneficial ownership (common shares) | 12,958; includes 20 shares held indirectly by trust | <1% of shares outstanding . |
| Outstanding RSUs at 1/31/2025 | 1,456 | Reflects unvested director RSUs outstanding. |
| Director stock ownership guideline | 5x annual cash retainer; all directors complied in FY2025 | Alignment policy enforced. |
| Hedging/pledging policy | Prohibited for directors; no hedging/pledging or trading in derivatives allowed | Alignment safeguard. |
Note: Attempted to retrieve Form 4 insider transactions for “Reid French” at ADSK for 2024–2025 using the insider-trades skill; the API returned unauthorized, so no transaction-level data are reported here. Beneficial ownership figures are from the FY2025 proxy .
Governance Assessment
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Positives:
- Independence, 100% attendance, and deep software operator experience bolster committee leadership effectiveness .
- Strong alignment signals: full election of cash fees to RSUs (with a 20% premium) and compliance with 5x ownership guideline .
- No interlocks or related-party transactions flagged; hedging/pledging prohibitions in place .
-
Watch items / potential red flags for investors:
- RSU-in-lieu-of-cash premium (20%) increases guaranteed director equity value; while disclosed, it modestly inflates compensation versus pure cash conversion and should be monitored against peer norms .
- Committee rotation (from Audit Chair to CHRC Chair) concentrates compensation oversight responsibility; continuity appears strong given prior audit experience, but investors may track pay metric changes adopted by CHRC in FY2026 (e.g., PSU metric shifts) for rigor and alignment .
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Implications: French’s CHRC leadership, combined with his operator background, suggests robust oversight of pay-for-performance design during Autodesk’s business model evolution; limited conflict indicators and strong attendance support investor confidence in board effectiveness .