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    Victor Limongelli

    President and Chief Executive Officer at OneSpan Inc
    Since July 31, 2024
    Age
    58 years
    Education
    Holds an A.B. from Dartmouth College and a J.D. from Columbia University.
    Tenure
    Joined OneSpan Inc. as Interim Chief Executive Officer on January 4, 2024 and was promoted to President and Chief Executive Officer on July 31, 2024.

    Also at OneSpan Inc

    JM
    Jorge Martell
    Chief Financial Officer (CFO)
    LM
    Lara Mataac
    General Counsel, Chief Compliance Officer, and Corporate Secretary

    About

    Victor Limongelli is a seasoned executive currently serving as the President and Chief Executive Officer at OneSpan Inc. He is 58 years old and has a strong educational background, holding an A.B. from Dartmouth College and a J.D. from Columbia University.

    Prior to his current role, he built an extensive leadership record at several prominent technology companies, including Guidance Software, AccessData Group, MobileCause Inc., and BQE Software, where he held various executive positions that honed his expertise in the software and security sectors.

    At OneSpan Inc., his tenure began when he joined as Interim Chief Executive Officer on January 4, 2024 and he was subsequently promoted to President and Chief Executive Officer on July 31, 2024. His leadership is viewed as central to driving the company's strategic transformation and operational success.

    $OSPN Performance Under Victor Limongelli

    Past Roles

    OrganizationRoleDate RangeDetails
    OneSpan Inc. Interim Chief Executive Officer January 4, 2024 – July 31, 2024 Transitioned to President & CEO on July 31, 2024
    BQE Software, Inc. Chief Executive Officer September 2021 – April 2023 Privately held SaaS company providing billing and accounting solutions
    MobileCause, Inc. Chief Executive Officer April 2018 – August 2021 Private equity-backed SaaS company focused on fundraising and donor engagement
    AccessData Group Chairman of the Board / Chief Executive Officer November 2015 – April 2018 Privately held security software company
    Guidance Software, Inc. Various Executive Positions (including President for over 9 years and CEO for 7 years) May 2003 – November 2014 Publicly traded security software company

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$600,000 Annually (2024) Initial annual base salary
    Sign-On Bonus - Discretionary$500,000 As per interim agreement Earned under interim agreement
    Sign-On Bonus - AdditionalUp to $500,000 Remainder of 2024, determined at Board’s discretion Based on performance in 2024
    Qualifying Termination Severance - Base Salary$600,000 Paid over 12 months following a Qualifying Termination Continued payment of base salary if terminated without Cause or for Good Reason
    Qualifying Termination Severance - Bonus Payment$600,000 One installment with first severance payment Payment equal to target bonus amount
    Qualifying Termination Severance - COBRA PremiumsN/A Up to 12 months Company-paid COBRA premiums subject to employee election
    Change in Control Severance BenefitsNot provided N/A No specific terms or amounts for 2024

    Performance Compensation

    Data from  FY 2024

    Annual Cash Incentive Bonus

    MetricDetails
    Performance Metrics2024 Revenue, 2024 Adjusted EBITDA, and 2024 Rule of 40 Attainment (each weighted 1/3rd)
    Grant DateJuly 31, 2024
    Equity Awards100,000 restricted stock units and 300,000 performance-based RSUs
    Vesting Schedule for RSUsApproximately equal installments on July 31, 2025, January 4, 2026, and January 4, 2027
    Evaluation PeriodSecond half of 2024 performance period

    Special PSU Grant

    MetricDetails
    Grant DateJuly 31, 2024
    Performance MetricsAchievement of Price Goals based on a 45-Day VWAP at $18.00, $20.00, and $22.00
    Vesting ConditionsOne-third of the RSUs vest upon certification of each Price Goal along with a continued service requirement through July 31, 2025
    Performance PeriodFrom July 31, 2024 to the fourth anniversary of the grant date
    Grant Date Fair Value / Stock PriceNot provided

    No further details on thresholds, targets, or maximum caps are provided in the documents.