Christina Lema
About Christina Lema
Christina Lema (age 45 as of April 14, 2025) is an independent Class I director of Jamf, serving since 2020 with a current term expiring at the 2027 annual meeting. She is a Managing Director, Deputy Chief Legal Officer, and General Counsel at Vista Equity Partners and sits on Vista’s Private Equity Management Committee; she holds a B.A. in Economics and Spanish from the University of Pennsylvania and a J.D. from Columbia Law School, and is a member of the State Bar of California. The Jamf board has affirmatively determined that Lema is independent under Nasdaq listing standards. She had no committee assignments in 2024.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Vista Equity Partners | Managing Director, Deputy Chief Legal Officer & General Counsel | Feb 2012–present | Member, Vista Private Equity Management Committee |
External Roles
| Organization | Type | Role | Tenure | Notes / Interlocks |
|---|---|---|---|---|
| Integral Ad Science Holding Corp. (NASDAQ: IAS) | Public | Director | Current | Interlock: JAMF directors Michael Fosnaugh and Martin Taylor also serve on IAS board |
| Greenway Health | Private | Director | Current | Vista portfolio company |
| Mindbody, Inc. | Private | Director | Current | Vista portfolio company |
| TripleLift, Inc. | Private | Director | Current | Vista portfolio company |
| Datto Holding Corp. (formerly NYSE: MSP) | Public (prior) | Director | Until take-private June 2022 | Former directorship prior to take-private |
Board Governance
- Independence and tenure: Independent director; director since 2020; Class I term through 2027.
- Committee assignments: None (not listed on Audit or Compensation & Nominating committees in 2024).
- Attendance: In 2024, each director attended at least 75% of Board and applicable committee meetings; Board held 6 meetings; Audit 4; Compensation & Nominating 4.
- Board structure and control context:
- Vista director nomination agreement grants Vista proportional designation rights while it retains specified ownership thresholds and the right to committee participation proportionate to ownership.
- Vista can designate the Board Chair while holding ≥30% voting power; Chair currently is Vista-affiliated director Michael Fosnaugh.
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Cash retainer | $0 | Vista-affiliated directors (including Lema) receive no director compensation for Jamf board service (other than reasonable expense reimbursement). |
| Committee chair/member fees | $0 | Not applicable (no committee assignments; Vista reps not paid). |
| Equity (RSUs/DSUs) | $0 | Vista-affiliated directors do not receive director equity. |
Reference: Non-Vista, non-employee directors receive $100,000 cash annual retainer plus $150,000 in RSUs; committee chairs receive an additional $20,000 cash.
Performance Compensation
| Metric/Instrument | Structure | 2024 Application to Director |
|---|---|---|
| Performance-based equity or cash | Not used for directors; non-Vista directors receive time-based RSUs; no performance metrics disclosed for director pay | Not applicable to Lema; no director equity or cash paid to Vista-affiliated directors. |
Other Directorships & Interlocks
- Public company board: Integral Ad Science (IAS). Interlock: JAMF directors Lema, Michael Fosnaugh, and Martin Taylor all serve on IAS’s board.
- Private company boards: Greenway Health, Mindbody, TripleLift (Vista portfolio).
- Prior public board: Datto Holding Corp. (until June 2022 take-private).
Expertise & Qualifications
- Legal/gov expertise: Managing Director, Deputy CLO & General Counsel at Vista; extensive legal and governance experience; member of Vista’s Private Equity Management Committee.
- Education: B.A., University of Pennsylvania; J.D., Columbia Law School; State Bar of California.
- Board-relevant skills cited by Jamf: Board seeks governance, risk management, strategic planning, and software/technology experience; Lema’s legal expertise and experience with similar companies cited as qualifications.
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Christina Lema | — | — | No personal beneficial ownership reported as of April 14, 2025. |
| Vista Funds (context) | 45,358,762 | 34.4% | Vista beneficially owns 34.4% of Jamf; multiple JAMF directors (including Lema) are Vista employees. |
| Hedging/Pledging Policy | — | — | Jamf prohibits hedging/pledging by directors without specific written approval; insider trading policy governs 10b5-1 plans, blackout periods. |
Governance Assessment
Key findings
- Independence and engagement: Board deems Lema independent; 2024 attendance met the 75% threshold; no committee roles in 2024.
- Pay alignment: No Jamf director compensation paid to Vista-affiliated directors (including Lema), limiting direct cash/equity conflicts from Jamf; non-Vista directors receive $100k cash + $150k RSUs.
- Ownership alignment: Lema reported no personal Jamf share ownership; alignment is indirect via Vista’s 34.4% stake.
- Interlocks and sponsor influence: Multiple interlocks at IAS (Lema, Fosnaugh, Taylor); Vista retains nomination and chair designation rights; Jamf engages with Vista’s consulting arm (VCG) and transacts with Vista-controlled companies.
Related-party exposure and controls
- Vista-related agreements: Director Nomination Agreement affords Vista board and committee designation proportional to ownership; Registration Rights Agreement grants Vista shelf/participation rights.
- Transactions: Jamf paid Vista Consulting Group ~$0.2 million in 2024; purchased ~$1.1 million of services from Vista-controlled companies and received ~$0.2 million in payments from Vista-controlled companies; Audit Committee reviews and approves related party transactions.
RED FLAGS
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Concentrated sponsor influence: Vista nomination and chair designation rights plus three JAMF directors interlocked on IAS may raise perceived independence and information-flow concerns for some investors.
-
No personal share ownership: Lema reported no personal Jamf shares as of April 14, 2025, potentially limiting direct “skin-in-the-game,” though Vista holds 34.4%.
-
Ongoing related-party dealings: Payments to Vista Consulting Group and transactions with Vista-controlled companies create recurring related-party exposure, mitigated by Audit Committee oversight.
Positive governance signals
- Independent status affirmed under Nasdaq standards; each director met attendance expectations in 2024.
- No Jamf director fees or equity to Vista-affiliated directors reduces direct board pay conflicts for Lema.
- Robust policies: Insider trading/anti-hedging-pledging policy; executive clawback policy in place (broader governance environment).