Scott Cutler

President and Chief Executive Officer at HEALTHEQUITY

Board

Since January 6, 2025

Age

55 years

Education

Holds a Juris Doctor degree from the University of California, Hastings College of the Law and a Bachelor of Science in Economics from Brigham Young University.

Tenure

Joined HQY in January 2025 as President and CEO and serves on the board of directors.

Also at HEALTHEQUITY

Stephen Neeleman

Vice Chairman

Delano Ladd

Executive Vice President and General Counsel

Elimelech Rosner

Executive Vice President and Chief Technology Officer (CTO)

About

Scott Cutler is the President and Chief Executive Officer of HQY, having joined the company on January 6, 2025.

He holds a Juris Doctor degree from the University of California, Hastings College of the Law and a Bachelor of Science in Economics from Brigham Young University, which provided the foundation for his extensive career in corporate leadership.

Before joining HQY, he served as CEO at StockX and held senior leadership roles at eBay, StubHub, and the New York Stock Exchange, experiences that have solidified his reputation as a transformational leader in various sectors.

In addition to his executive role, he contributes to corporate governance by serving on the board of directors at HQY and other organizations, underscoring his commitment to strategic growth and community engagement.

$HQY Performance Under Scott Cutler

Past Roles

Organization	Role	Date Range	Details
StockX LLC	Chief Executive Officer	June 2019 - January 2025	Served as CEO prior to joining HQY
eBay Inc.	Senior Vice President, Americas	August 2017 - March 2019	N/A
StubHub, Inc.	President	April 2015 - August 2017	N/A
NYSE Euronext, Inc.	Executive Vice President	April 2006 - March 2015	N/A
Technology Investment Banker / Corporate Securities Lawyer	N/A	N/A	Focused on corporate finance, mergers and acquisitions, and strategic advisory

External Roles

Organization	Role	Date Range	Details
Brookfield Asset Management Ltd. (NYSE: BAM)	Board of Directors	N/A	N/A
Vibrant Emotional Health	Board of Directors	N/A	Nonprofit organization behind the 988 Suicide and Crisis Lifeline

Fixed Compensation

Data from FY 2025

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$775,000	Annual (effective January 6, 2025)	Set upon hiring as President & CEO after arm's-length negotiations
Sign-On Bonus	$650,000	One-time payment upon hire	Negotiated as part of the initial compensation package
Equity Award (RSUs)	$7,500,004	Vesting over 3 years (33% each anniversary of January 6, 2025)	Restricted Stock Units compensating for forfeited long-term compensation

Performance Compensation

Data from FY 2025

Performance-Based Annual Cash Bonus Opportunity

The 2025 Executive Bonus Plan for Scott Cutler tied bonus payouts to corporate performance on three equally weighted metrics. Below is a detailed breakdown:

Metric	Threshold (Funding 50%)	Target (Funding 100%)	Maximum (Funding 200%)	Weighting (%)	Actual Performance	Funding Percentage
Revenue	95% of target	100% of target	106% of target	33.33%	$1,199.8 million	139%
Adjusted EBITDA	95% of target	100% of target	108% of target	33.33%	$471.8 million	104%
New HSA Sales	85% of target	100% of target	115% of target	33.34%	1,040,000 units	163%

Evaluation Period: Fiscal Year 2025
Bonus Calculation: The target bonus opportunity was designed as 100% of base salary, with a target bonus of $55,025. Due to pro-rating (starting January 6, 2025) and a weighted funding percentage of 135%, the actual bonus payout was $71,571.
Vesting/Payment: The bonus is earned based on FY25 performance and is paid following the fiscal year-end.

No additional performance-based equity or share awards are included in this component.