Jeff Lendino
About Jeff Lendino
Jeff Lendino is Jamf’s Chief Legal Officer (CLO), serving in the role since October 2020; he previously was Jamf’s General Counsel (June 2018–October 2020). He is 54 years old, holds a bachelor’s degree from St. John’s University (Minnesota) and a J.D. from William Mitchell College of Law . Prior experience includes General Counsel at Vireo Health (2017–2018) and senior legal roles, including General Counsel, at Kroll Ontrack (1999–2017) . Company performance relevant to executive pay-for-performance: Jamf revenue grew 12% year-over-year in FY2024 to $627.4M, and non-GAAP operating income improved materially in 2024; see multi-year financials below .
Jamf multi-year financials (context for pay-for-performance):
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues (USD) | $478.8M | $560.6M | $627.4M |
| EBITDA (USD) | $(78.7)M* | $(54.6)M* | $(7.3)M* |
Values with asterisk retrieved from S&P Global.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Jamf Holding Corp. | General Counsel | 2018–2020 | Led legal operations pre- and post-IPO; transitioned to CLO |
| Vireo Health, Inc. | General Counsel | 2017–2018 | Built corporate legal function in regulated industry |
| Kroll Ontrack | Various Legal Roles incl. General Counsel | 1999–2017 | Supported data recovery/e-discovery leadership; managed complex legal matters |
External Roles
- No public company board service disclosed for Lendino .
Fixed Compensation
- Lendino is not listed as a Named Executive Officer (NEO) in Jamf’s 2024 or 2025 proxy statements; his individual base salary and cash compensation are not disclosed .
- Company program design (applies to NEOs and generally informs senior executive pay): cash base targeted to peer median, annual cash incentive tied to ARR and non-GAAP operating margin, and equity delivered via time-based RSUs vesting over four years .
Performance Compensation
Jamf’s latest annual cash incentive plan (ACIP) structure and outcomes (company-level metrics; individual payouts vary):
| Metric | Weighting | Target | Actual | Payout vs Target |
|---|---|---|---|---|
| ARR | 60% | $663.0M | $646.0M | ~98% of target overall |
| Non-GAAP Operating Income Margin | 40% | 15.4% | ~16.4% | ~98% of target overall |
- Equity incentives: RSUs vest ratably over four years; accelerated vesting applies for NEOs upon qualifying termination following a change in control (double-trigger), with full or partial acceleration depending on role .
- Hedging/pledging: Company policy prohibits hedging and pledging by directors, officers, and employees absent written approval (preclearance and blackout periods apply) .
Equity Ownership & Alignment
- Individual beneficial ownership for Lendino is not separately disclosed in the security ownership tables; group total for all directors and executive officers is provided, but no breakdown for CLO .
- Alignment mechanisms:
- Prohibition on hedging and pledging company stock (exceptions require specific approval) .
- Nasdaq-compliant clawback policy covering incentive-based compensation for current and former executive officers in the event of a restatement .
Employment Terms
- Role and tenure: CLO since October 2020; previously Jamf’s General Counsel (June 2018–October 2020) .
- Insider Trading Policy: requires preclearance for designated employees, enforces cooling-off periods for Rule 10b5‑1 plans, and establishes blackout windows .
- Executive employment letter terms (severance, change-in-control) are detailed for NEOs; Lendino is not an NEO, and his specific severance or change-in-control economics are not disclosed .
Performance & Track Record
- Legal leadership through strategic transactions: Lendino is the signatory on multiple Form 8‑Ks and is the company contact in merger and voting agreement exhibits related to Jamf’s definitive agreement to be acquired by Francisco Partners, underscoring his central role in M&A execution and governance .
- Operational performance under current leadership: FY2024 revenue of $627.4M (+12% YoY) and improved non-GAAP operating profitability; ARR reached $646.0M .
Compensation Peer Group (Benchmarking context)
- Jamf targets cash and equity compensation around the 50th percentile of a software/SaaS peer set (22 companies) approved by the Compensation & Nominating Committee (e.g., Dynatrace, PagerDuty, Paylocity, Workiva, SentinelOne, etc.) .
Investment Implications
- Retention risk: While Lendino’s individual severance/change-in-control terms are not disclosed, Jamf’s executive compensation framework emphasizes RSUs and prohibits hedging/pledging, supporting alignment; ongoing acquisition process suggests potential for transaction-related retention arrangements, but none are disclosed for CLO .
- Pay-for-performance: Company ACIP tied to ARR and margin delivered ~98% payout in 2024, consistent with financial execution; equity-heavy mix (RSUs) links realized pay to stock performance over time .
- Governance safeguards: Insider trading controls and clawback policy reduce headline risk around compensation practices .
Notes:
• Lendino is not an NEO; his specific compensation, equity grants, and severance/change-in-control terms are not disclosed in Jamf’s 2024–2025 proxies .
• Company-level TSR is not provided in the documents cited here; revenue and EBITDA context are shown above. Values marked with asterisk were retrieved from S&P Global.