George Kurtz
Also at CrowdStrike Holdings Inc
About
George Kurtz, aged 53 , is a seasoned executive in the cybersecurity industry with over 30 years of experience. Born in 1970, he built a strong foundation through his education and early career, which includes earning a B.S. in Accounting from Seton Hall University and obtaining a CPA license in New Jersey (now inactive).
He co-founded CrowdStrike and began his role as President, Chief Executive Officer, and Director on November 1, 2011. Prior to this, he established Foundstone, Inc. in October 1999 and held key executive positions at McAfee, including serving as Executive Vice President and Worldwide Chief Technology Officer, thereby demonstrating his leadership and technological prowess in the cybersecurity field.
Beyond his work at CrowdStrike, his involvement extends to broader industry contributions. His leadership includes serving as Chairman and President of the CrowdStrike Foundation since November 2017, and he has also been a board member of Hewlett Packard Enterprise, reflecting his influence and commitment to advancing cybersecurity and technology innovation.
$CRWD Performance Under George Kurtz
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Hewlett Packard Enterprise | Board of Directors | June 2019 - April 2023 | Served as a board member |
| McAfee, Inc. | Executive Vice President and Worldwide Chief Technology Officer | October 2009 - October 2011 | Served in various executive roles from October 2004 to October 2011 |
| Foundstone, Inc. | CEO | October 1999 - October 2004 | Founded the company and served as CEO until its acquisition |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| CrowdStrike Foundation | Chairman of the Board | N/A | Supports the next generation of talent and research in cybersecurity and artificial intelligence through scholarships, grants, and other activities |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $950,000 | Annual | Fixed annual salary |
| Personal Security Costs | $186,060 | Annual | Security costs for Mr. Kurtz and his family at residences |
| Private Aircraft Usage | $500,746 | Annual | Includes fees, fuel, crew, and catering costs for private aircraft usage |
| Other Benefits (Included in Total All Other) | Included in $702,109 | Annual | Includes life/disability insurance, supplemental health benefits, and 401(k) match |
Performance Compensation
Performance-Based Stock Units (PSUs)
| Metric | Threshold | Target | Maximum | Actual Achievement | Weight |
|---|---|---|---|---|---|
| Revenue Growth (%) | < 30% → 0% | 35% → 100% | 50% → 200% | 36.3% | 50% |
| Non-GAAP EPS ($) | < $2.21 → 0% | $2.39 → 100% | $2.61 → 200% | $3.16 | 50% |
Vesting Schedule: 25% vests on the first anniversary; remaining 75% vests in equal quarterly installments over the next three years.
Grant Details:
- Grant Date: April 19, 2023.
- Grant Date Fair Value (PSUs): $18,032,735.
- Maximum PSU Award Value: $36,065,470.
- Evaluation Period: Fiscal 2024.
Non-Equity Incentive Plan Awards (Corporate Incentive Plan)
| Component | Target Bonus | Actual Bonus | Payment Schedule | Additional Details |
|---|---|---|---|---|
| CIP Award | $1,187,500 (125% of base salary) | $1,241,709 (104.6% of target) | Quarterly | Includes a +2.4% discretionary modifier on Q3. |
Equity Incentive Plan Awards
| Component | Grant Details | Vesting Schedule | Additional Details |
|---|---|---|---|
| RSUs | Grant Date: April 19, 2023 with Fair Value: $17,500,000 | Vest in 16 equal quarterly installments over four years | Determined using the average closing price during March 2023. |
| Target PSUs | Grant Date: April 19, 2023 with Fair Value: $17,500,000 | Performance-based: 25% after one year; then quarterly over the next 3 years | Performance metrics align with the PSUs detailed above. |