Dev Ittycheria

President and CEO at MongoDB

Board

Since September 29, 2017

Age

57 years

Education

Earned a B.S. in Electrical Engineering from Rutgers University.

Tenure

Has served as President, Chief Executive Officer, and Director at MongoDB since at least September 29, 2017, driving strategic growth and innovation.

Also at MongoDB

Cedric Pech

President, Field Operations

S(T

Srdjan (\"Serge\") Tanjga

Interim Chief Financial Officer

About

Dev Ittycheria leads MongoDB with a dynamic vision and strategic focus, overseeing operations as President, CEO, and Director. His leadership has been central to the company’s evolution, marked by a strong drive to innovate and expand its market presence.

Under his guidance, MongoDB has achieved significant milestones, including robust revenue growth and the successful expansion of its cloud-native database services. His strategic decisions have not only enhanced operational efficiency but also reinforced the company’s standing as a leader in modern application development.

In addition to steering corporate strategy, he has played an integral role in ensuring compliance and financial transparency, having certified quarterly financial reports to meet rigorous regulatory standards. His efforts underscore a commitment to accountability and excellence in corporate governance.

Overall, his tenure at MongoDB is characterized by transformative leadership that has spurred innovation and positioned the company at the forefront of the technology industry, fostering a culture of continuous growth and industry leadership.

$MDB Performance Under Dev Ittycheria

Past Roles

Organization	Role	Date Range	Details
OpenView Venture Partners	Managing Director	October 2013 - September 2014	Held the role as Managing Director at a venture capital firm
Greylock Partners	Venture Partner	February 2012 - June 2013	Served as Venture Partner, advising on investments
BMC Software, Inc.	President - Enterprise Management	April 2008 - February 2010	Joined following the acquisition of BladeLogic, Inc. where he was CEO

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$400,000	Annually	Fixed portion of compensation for fiscal year 2024; not adjusted for changes
All Other Compensation	$31,886	Annually	Includes 401(k) Plan Contributions of $12,200 , Life Insurance Premiums of $1,686 , and Commuting Expenses of $18,000

Performance Compensation

Data from FY 2024

Annual Performance-Based Bonus Program

Metric	Value	Additional Details
Target Bonus Opportunity	$280,000	70% of annual base salary
Actual Bonus Earned	$420,000	Achieved at 150% of target
Performance Evaluation Period	Fiscal Year 2024	Based on corporate performance goals
Vesting Schedule	Two installments	Vesting following performance determinations for first and second halves
Grant Date (Bonus Stock)	March 24, 2023	Bonus stock awards granted on this date
Grant Date Stock Price	$212.13	Determined as of March 15, 2023
Shares Awarded	1,980 shares	Earned in lieu of cash payout

Senior Leadership Equity Bonus Program

Metric	Value	Additional Details
Target Shares	1,320 shares	Initial grant target
Actual Shares Vested	1,980 shares	Based on 150% achievement of performance goals
Grant Date	March 24, 2023	PSUs granted on this date
Grant Date Fair Value	$286,163	Fair value of the PSUs at the grant date
Grant Date Stock Price	$216.79	Based on closing price on March 24, 2023
Vesting Schedule	Single installment	Vesting on April 1, 2024 following performance determination
Maximum Achievement	150%	Cap on performance bonus achievement

Performance Stock Units (PSUs)

Metric	Value	Additional Details
Performance Metrics	ARR Growth & Operating Cash Flow	Two key performance drivers
Performance Range	0% to 200%	Eligibility based on achievement of ARR Growth and Operating Cash Flow
Threshold Shares	16,767 shares	Minimum performance requirement
Target Shares	33,534 shares	Awarded at target performance
Maximum Shares	67,068 shares	Maximum award if 200% achieved
Actual Achievement	151%	Corporate performance achieved at 151% of target
Aggregate Grant Date Fair Value	$7,269,836	Total fair value of target PSU award
Grant Date	March 24, 2023	PSUs granted on this date
Grant Date Stock Price	$216.79	Stock price used on grant date
Vesting Schedule	3-year ratable vesting	1/3 vests on April 1, 2024 and the remaining vests equally on April 1, 2025, and April 1, 2026

These tables provide a detailed markdown explanation of the performance compensation components, including performance metrics, targets, vesting schedules, and actual results for fiscal year 2024.