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    Allan Thygesen

    CEO and President at DocuSign Inc
    Since October 9, 2022
    Age
    61 years
    Education
    Holds an M.Sc. in Economics from the University of Copenhagen and an M.B.A. from Stanford University.
    Tenure
    Assumed the role of CEO and President at DocuSign on October 09, 2022, after a distinguished career at companies like Google and The Carlyle Group.

    Also at DocuSign Inc

    BG
    Blake Grayson
    CFO
    JS
    James Shaughnessy
    Chief Legal Officer
    PH
    Paula Hansen
    President and CRO

    About

    Allan Thygesen is a seasoned executive known for his strategic vision and leadership in the technology and financial sectors. His career spans key executive roles at major companies, including foundational leadership positions at Google where he oversaw significant business operations and revenue streams, and impactful roles at investment firms like The Carlyle Group where he nurtured early-stage ventures and growth initiatives.

    At DocuSign, his arrival on October 09, 2022 marked a new chapter geared toward digital transformation and global market expansion. His mandate has been to leverage his extensive industry expertise to enhance operational efficiency and drive strategic growth, positioning the company to capture significant market opportunities.

    Beyond his executive responsibilities, he has contributed to the academic community as a lecturer at the Stanford Graduate School of Business and held several prominent board positions. His multifaceted career reflects a blend of operational excellence, strategic insight, and a commitment to mentoring future business leaders.

    $DOCU Performance Under Allan Thygesen

    Past Roles

    OrganizationRoleDate RangeDetails
    Google Inc. (Alphabet Inc.)President, Americas & Global PartnersJune 2021 – October 2022Held overall responsibility for Americas & Global Partners
    Google Inc. (Alphabet Inc.)President, AmericasFebruary 2017 – May 2021Led operations in the Americas
    Google Inc. (Alphabet Inc.)President, Google Marketing SolutionsSeptember 2014 – February 2017Oversaw marketing solutions initiatives
    Stanford Graduate School of BusinessLecturer2014 – 2021Served in an academic capacity, sharing industry expertise
    Google Inc. (Alphabet Inc.)Vice President, Global SMB Sales and OperationsSeptember 2011 – September 2014Managed sales and operations for the SMB sector
    Google Inc. (Alphabet Inc.)Consultant2010 – September 2011Provided consultancy services
    The Carlyle GroupManaging Director and PartnerN/ACo-founded an early-stage venture firm and led investments in multiple sectors
    Wink Communications, Inc.ExecutiveN/APlayed a key role in taking the company public in 1999
    Other Public and Private CompaniesExecutive RolesN/AHeld various executive roles; details not specified

    External Roles

    OrganizationRoleDate RangeDetails
    RingCentral, Inc.Board of DirectorsUntil May 2024Current board membership
    A.P. Moller-MaerskBoard of DirectorsFrom March 2024 onwardsJoined board starting March 2024

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,000,000 AnnualAnnual base salary for 2024.
    Cash Severance (Outside Change in Control Period)Before Oct 9, 2023: $2,000,000; After Oct 9, 2023: $1,000,000 Conditional on change date24 months base salary if before Oct 9, 2023 and 12 months base salary if after Oct 9, 2023.
    Cash Severance (During Change in Control Period)Before Oct 9, 2023: $2,000,000; After Oct 9, 2023: $1,000,000 Conditional on Change in Control24 months base salary if before Oct 9, 2023 and 12 months base salary if after Oct 9, 2023.
    Continued Health Insurance Coverage (Outside CIC)Estimated Value: $27,813 COBRA Coverage24 months of COBRA coverage if before Oct 9, 2023 and 18 months if after Oct 9, 2023.
    Continued Health Insurance Coverage (During CIC)Estimated Value: $18,542 COBRA Coverage24 months of COBRA coverage if before Oct 9, 2023 and 12 months if after Oct 9, 2023.

    Performance Compensation

    Data from  FY 2024

    TSR PSU Award

    ItemDetail
    Performance MetricTotal Shareholder Return (TSR) relative to the Nasdaq Composite Total Return Index.
    Performance Period3 years ending June 2026.
    Payout LevelsThreshold: -25 points ⇒ 50% vesting; Target: Equal to index ⇒ 100% vesting; Maximum: +50 points ⇒ 200% vesting.
    Special ConditionIf DocuSign's TSR is negative, maximum achievement is capped at 100%.
    Grant DateJuly 7, 2023.
    Grant Date Fair Value$7,463,455.
    PSU QuantitiesTarget PSUs: 104,986; Threshold PSUs: 52,493; Maximum PSUs: 209,972.

    SVC PSU Award

    TranchePerformance PeriodTranche Value ($)Number of PSUsShare Price Target (% Increase)Share Price Target ($)
    15-Year (ends Oct 2027)7,700,000 303,901 25% 67.95 (Threshold)
    25-Year (ends Oct 2027)7,700,000 303,901 80% 97.85
    35-Year (ends Oct 2027)7,700,000 303,901 120% 119.59
    45-Year (ends Oct 2027)7,700,000 303,901 233% 181.02
    55-Year (ends Oct 2027)7,700,000 303,901 317% 226.68
    67-Year (ends Oct 2029)11,500,000 662,551 483% 316.92 (Maximum)

    Vesting Schedule:

    • 50% of PSUs vest at the later of the achievement date or the one-year anniversary of the grant date; the remaining 50% vest on the two-year anniversary of the achievement date.

    Fiscal 2024 PSU Awards

    ComponentWeightPerformance Threshold/Target/Maximum
    Relative TSR50%Measured against Nasdaq Composite Index.
    Subscription Revenue Growth25%Threshold: 8.0% (50% multiplier); Target: 12.3% (100% multiplier); Maximum: 20.0% (200% multiplier).
    Free Cash Flow25%Threshold: $435.2M (50% multiplier); Target: $512.0M (100% multiplier); Maximum: $716.8M (200% multiplier).
    Grant DetailDetail
    Grant DateJuly 7, 2023.
    Grant Date Fair ValuesTSR PSUs: $7,463,455; Subscription Revenue Growth PSUs: $2,882,916; Free Cash Flow PSUs: $2,882,916.
    Vesting Schedule1/3 vests following the performance period, then eight equal quarterly installments.

    Annual Cash Incentive Program

    MetricWeightFunding PercentagePayout Amount
    Revenue25%First Half: 102.2% First Half: $408,800.
    Net New Monthly Recurring Revenue (NNMRR)25%Second Half: 81.6% Second Half: $489,600.
    Adjusted Operating Income50%Combined: 89.8% Full-Year Payout: $898,400.
    Additional ConditionDetail
    ESG Modifier87.6% applied to the second-half payout.
    Payout FrequencyPayments are made on a semi-annual basis.