Alpana Wegner
About Alpana Wegner
Alpana Wegner, age 53, became Chief Financial Officer of Integral Ad Science (IAS) effective June 10, 2025; she holds a B.S. in Accounting from Arizona State University and brings 25+ years of finance leadership, including public company CFO roles at Secureworks and Benefitfocus . IAS delivered 2024 revenue of $530.1 million (+12% YoY), net income of $37.8 million (+422% YoY), and Adjusted EBITDA of $191.3 million (+20% YoY); in Q2 2025, IAS revenue grew 16% to $149.2 million with Adjusted EBITDA margin at 35% and net income margin at 11% . IAS’s 2024 pay-versus-performance disclosure showed TSR value of an initial $100 investment at $55.68 and highlighted revenue, Adjusted EBITDA, and stock price as primary performance drivers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Secureworks (formerly Nasdaq: SCWX) | Chief Financial Officer | Jun 2023 – Feb 2025 | Built high-performing finance team; executed business transformation ahead of sale |
| Benefitfocus (formerly Nasdaq: BNFT) | EVP & Chief Financial Officer; prior senior roles | Aug 2020 – May 2023; Apr 2017 – Aug 2020 | Partnered on growth strategy; strengthened financial position |
| Blackbaud (Nasdaq: BLKB) | Senior finance positions | Apr 2008 – Jan 2017 | Led finance across cloud software operations |
External Roles
No public company directorships or external board roles disclosed for Wegner .
Fixed Compensation
| Component | 2025 Terms | Notes |
|---|---|---|
| Base Salary | $500,000 | Annual; paid per regular payroll practices |
| Target Bonus % | 100% of base salary | Awarded at Board’s discretion against revenue and EBITDA targets; 2025 bonus will not be prorated (full-year eligibility) |
| Annual LTIP Target | $3,000,000 (first award in 2026) | Granted with senior leadership cycle per Compensation Committee terms |
Performance Compensation
| Incentive | Metric | Weighting | Target/Design | 2025 Treatment | Vesting/Payment |
|---|---|---|---|---|---|
| Short-Term Incentive (STIP) | Revenue; EBITDA | Not disclosed for 2025 (company uses revenue & Adjusted EBITDA in NEO STIP) | Bonus determined by Board based on predefined financial targets | Not prorated; eligible for full-year bonus | Paid following fiscal year, subject to continued employment |
| Company STIP (2024 reference) | Revenue | 75% | Target $548.3M; Threshold $509.9M; Max $575.7M | Company actual $530.1M | N/A (context) |
| Company STIP (2024 reference) | Adjusted EBITDA | 25% | Target $185.3M; Threshold $164.1M; Max $207.2M | Company actual $192.5M | N/A (context) |
| Equity Award | Grant Date | Shares/Units | Fair Value | Vesting | Notes |
|---|---|---|---|---|---|
| One-time RSU (sign-on) | Effective first business day of month after start (Period of Report: July 1, 2025) | 525,279 units | $4,000,000 aggregate value | 25% on first anniversary; then 12 quarterly installments of 6.25%; service-required | If a Change in Control within 12 months of start, first 25% vests immediately; number of shares based on 60-trading day average price |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership | 525,279 shares/units (as reported on Form 4 dated July 3, 2025; Period of Report July 1, 2025) |
| Ownership as % of shares outstanding | ~0.32% (525,279 / 163,975,477 outstanding as of Mar 10, 2025 record date) |
| Vested vs. unvested | Initial RSU grant unvested until first anniversary; thereafter quarterly vesting (6.25%) subject to continued service |
| Pledging/Hedging | Prohibited for all directors, officers, and employees; no margin accounts or pledging allowed |
| Stock ownership guidelines | CFO minimum 3x base salary; 5-year compliance window; until met, must hold at least 50% of net-after-tax vested equity |
| Clawback | Mandatory Dodd-Frank clawback and discretionary clawback under 2021 Incentive Plan |
Employment Terms
| Term | Provision |
|---|---|
| Start date; Role | Effective June 10, 2025; Chief Financial Officer reporting to CEO; remote employee |
| Severance (no CIC) | If terminated without Cause or resigns for Good Reason (each as defined), 12 months base salary continuation; COBRA premium payment/reimbursement for 12 months; pro-rated bonus for year of termination at Board’s discretion; subject to release and covenant compliance |
| Change-in-control treatment | If CIC within 12 months of start, first 25% of the $4M RSU vests immediately; annual LTIP terms per plan/award agreements |
| Covenants | Confidentiality, non-competition, non-solicitation, assignment of inventions; mandatory arbitration agreement |
| Insider trading policy | Company-wide policy covering directors/officers; trading windows and restrictions; filed as an exhibit to 2024 Form 10-K |
| Clawback & ownership | See Clawback and Stock Ownership Guidelines above |
Investment Implications
- Compensation alignment: Fixed pay is modest relative to performance-linked incentives (100% target bonus; $3M annual LTIP from 2026), with sign-on RSUs vesting over 4 years; this structure ties outcomes to revenue/EBITDA and stock performance while aiding retention .
- Vesting and potential selling pressure: First meaningful vest on or about July 2026 (25%), followed by quarterly vesting; however, 50% net-after-tax retention until 3x salary guideline is met reduces near-term sell pressure, and hedging/pledging prohibitions mitigate misalignment risk .
- Change-in-control economics: Early vesting of 25% of the sign-on RSU if CIC occurs within 12 months creates near-term acceleration risk; otherwise, severance is limited to 12 months salary and COBRA, a relatively conservative package versus typical tech peers .
- Governance and shareholder feedback: Strong Say-on-Pay support (95.3% in 2024) and annual vote frequency (97.4% support) indicate investor acceptance of IAS’s pay-for-performance framework; clawback policies further protect shareholders .
- Execution track record: Wegner’s prior CFO roles in SaaS/cybersecurity and IAS’s improving profitability and raised 2025 outlook (Q2 Adjusted EBITDA margin 35%) signal operational discipline; her commentary highlighted debt-free position and expanded credit capacity supporting strategic flexibility .
Additional references: Wegner’s Form 3 (June 18, 2025) and Form 4 (July 3, 2025) filings confirm initial beneficial ownership reporting and the award; subsequent IAS filings list her as principal financial officer .